329 Central Ave N

Faribault, MN 55021

$299,000
Price
—
Beds
—
Baths
1,958 Sq. Ft.
$153 / Sq. Ft.
1,958
Sq. Ft.
$153
per Sq. Ft.

Description

Be a part of Faribault’s vibrant downtown revival with this iconic corner building on Central Avenue! Located on a prime block downtown, steps from the Paradise Center for the Arts, the beautiful Bachrach Building, the 310 Event Center, 10,000 Drops Distillery, Redemption Restaurant, and a string of charming storefronts...this historic gem is overflowing with potential and rich in character. Once home to a beloved flower shop, the main floor is now a blank canvas just waiting for your vision. With...Be a part of Faribault’s vibrant downtown revival with this iconic corner building on Central Avenue! Located on a prime block downtown, steps from the Paradise Center for the Arts, the beautiful Bachrach Building, the 310 Event Center, 10,000 Drops Distillery, Redemption Restaurant, and a string of charming storefronts...this historic gem is overflowing with potential and rich in character. Once home to a beloved flower shop, the main floor is now a blank canvas just waiting for your vision. With prime visibility, high foot and drive traffic, and that undeniable Main Street charm, this space is perfect for a boutique, café, salon, gallery, or anything your entrepreneurial heart can dream up! And upstairs? Even more opportunity awaits. Previously configured as two apartments, the upper level offers flexible space that could be transformed into short-term rentals, long-term housing, or your own stylish downtown loft. Whether you're a business owner, investor, or dreamer with a creative eye...this cornerstone property is ready to bloom again. Downtown is buzzing. The community is growing. The time is now. Let’s make something amazing here.

Property Details for 329 Central Avenue North

Subdivision Name
City/Faribault
Zoning Jurisdiction
Business/Commercial
LISTING UPDATED: 06/12/2025 03:24 PM

Property Details for 329 Central Avenue North

StatusActive
MLS #6727828
Days on Compass225
Taxes$2,908 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1920
Lot Size0.06 AC / 2,613 SF
CountyRice County

Location

Listing Courtesy of eXp Realty
Add your commute

Building Information for 329 Central Avenue North

Stories-Residences3Year Built1920Lot Size0.06 AC / 2,613 SF

Payment Calculator

$1,700 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,457

Property Taxes

$242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 329 Central Avenue North

Summary
Location and General Information
  • City Name: Faribault
  • County Or Parish: Rice
  • County: Rice-MN
  • Directions: From intersection of Highways 21 and 60, travel east on Highway 60 to the intersection of Central Avenue. Building is located on the southeast corner of intersection.
  • Latitude: 44.294616
  • Longitude: -93.268017
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Faribault
  • City and Location Text: Faribault(MN)
  • Postal Code: 55021
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 1831126294
  • Tax Annual Amount: $2,908.00
  • Tax Legal Description: ORIG TOWN W110FT N1/3 L6 B46
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 2908.0000
School Information
  • High School District: 656 - Faribault
  • School District Number: 656
  • School District Phone: 507-333-6016
Property
Lot Information
  • Current Use: Vacant
  • Lot Size Area: 0.06
  • Lot Size Dimensions: 22x150
  • Lot Size Units: Acres
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Building Area Total: 1958.0
Property and Assessments
  • Age Of Property: 105
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate, Heating Separate, Hot Water Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1749.0
  • Fuel: Natural Gas
Interior Features
  • Heating: Boiler, Hot Water
  • Basement YN: Yes

Property History for 329 Central Avenue North

DateEvent & SourcePriceAppreciation
Jun 4, 2025

Price Change

NorthStar #6727828

$299,000—
Jun 4, 2025

Listed (Active)

NorthStar #6727828

—
Jul 15, 2022

Sold (Public Record)

Public Record #1494483647

$1,940,000—
Apr 30, 2015

Off Market

NorthStar #4476051

—
May 1, 2014

Listed (Active)

NorthStar #4476051

$149,900—
DateEvent & SourcePrice
06/04/2025

Price Change

NorthStar #6727828

$299,000
06/04/2025

Listed (Active)

NorthStar #6727828

—
07/15/2022

Sold (Public Record)

Public Record #1494483647

$1,940,000
04/30/2015

Off Market

NorthStar #4476051

—
05/01/2014

Listed (Active)

NorthStar #4476051

$149,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 329 Central Avenue North

Taxable ValueLand$38,500Additions$145,300Total$183,800
Tax Record2025$2,970 ($248 / month)
Home Facts
Total Finished SqFt1,749 SqFtAbove Grade Finished SqFt1,749 SqFtStories2Lot Size2,420 SqFtStyleStoresYear Built1920CountyRICEAPN18.31.1.26.294

Schools near 329 Central Avenue North

This home is within Faribault Public School District.
Rating
School
Type
Grades
Distance
Lincoln Elementary School
Public - K to 5
Faribault Middle School
Public - 6 to 8
Faribault Senior High School
Public - 9 to 12
Falcons Online Academy-HS
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Faribault Middle School
Public6 to 8

Faribault Senior High School
Public9 to 12

Falcons Online Academy-HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 329 Central Avenue North, Faribault, MN 55021

329 Central Avenue North is a mixed use property for sale in Faribault, MN 55021. This property was listed for sale on June 4, 2025 by eXp Realty, it's currently listed at $299,000. It has been on the market for a total of 225 days and was last sold on July 15, 2022. This listing's school district is Faribault Public School District. Nearby schools include Lincoln Elementary School, Faribault Middle School and Faribault Senior High School. 329 Central Avenue North is a 0-bed, 0-bath, 1,958 sqft mixed use property built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/16/2026 12:00 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.