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311 Lyndale Ave N
Faribault, MN 55021
Retail Property For Sale


Investment Highlights
- Positioned just off Interstate 35 with convenient regional access.
- Open floor plan supports a variety of commercial uses.
- Former Speedway location with existing retail infrastructure.
- Existing exhaust hood, walk-in freezer, and cooler equipment in place.
Executive Summary
311 Lyndale Ave N presents an opportunity to acquire a freestanding commercial property positioned immediately off Interstate 35 in one of Faribault's most active retail corridors. Formerly operated as a Speedway convenience store, the property offers an established commercial layout with infrastructure that can support a variety of retail and food-service concepts. The building features an open floor plan, existing cooler cases, a walk-in freezer, and a functioning commercial exhaust hood, allowing investors and owner-users to reduce startup costs and accelerate occupancy timelines.
The site's location along Lyndale Avenue provides frontage and visibility from a heavily traveled commercial corridor surrounded by national retailers, restaurants, and service-oriented businesses. Its proximity to Interstate 35 enhances regional accessibility for customers traveling throughout Southern Minnesota while providing convenient connections to the Twin Cities metropolitan area and Owatonna markets. The surrounding commercial environment creates consistent consumer activity and supports a wide range of potential uses, including convenience retail, grocery, restaurant, specialty retail, service businesses, and other commercial operations. Situated on approximately 0.53 acres with on-site parking and municipal utility service, the property offers flexibility for owner-occupants seeking a recognizable location as well as investors pursuing a repositioning or income-producing opportunity. The combination of existing retail infrastructure, strong roadway exposure, and established commercial surroundings creates a compelling offering within the Faribault market.
The site's location along Lyndale Avenue provides frontage and visibility from a heavily traveled commercial corridor surrounded by national retailers, restaurants, and service-oriented businesses. Its proximity to Interstate 35 enhances regional accessibility for customers traveling throughout Southern Minnesota while providing convenient connections to the Twin Cities metropolitan area and Owatonna markets. The surrounding commercial environment creates consistent consumer activity and supports a wide range of potential uses, including convenience retail, grocery, restaurant, specialty retail, service businesses, and other commercial operations. Situated on approximately 0.53 acres with on-site parking and municipal utility service, the property offers flexibility for owner-occupants seeking a recognizable location as well as investors pursuing a repositioning or income-producing opportunity. The combination of existing retail infrastructure, strong roadway exposure, and established commercial surroundings creates a compelling offering within the Faribault market.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,118 SF
Building Class
C
Year Built
1987
Price
$1,200,000
Price Per SF
$291.40
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.56 AC
Parking
7 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
58’ on Lyndale Ave N
Amenities
- Signage
Property Taxes
| Parcel Number | 18.36.1.50.005 | Improvements Assessment | $213,000 |
| Land Assessment | $193,400 | Total Assessment | $406,400 |
Property Taxes
Parcel Number
18.36.1.50.005
Land Assessment
$193,400
Improvements Assessment
$213,000
Total Assessment
$406,400
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