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400 4th St NW 7,800 SF 62% Leased Office Building Faribault, MN 55021 $1,895,000 ($242.95/SF)
INVESTMENT HIGHLIGHTS
- Majority Tenant with long term government contract
- Located on high traffic count Hwy 60
EXECUTIVE SUMMARY
Great investment opportunity! Don’t miss this chance to own a high-visibility professional office building located in the heart of Faribault. This well-maintained property features multiple long-term tenants, including a long-term government lease providing stable, reliable income. Positioned along busy Highway 60, the property benefits from strong traffic counts and excellent visibility—perfect for continued tenant retention and future growth.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
7,800 SF
Building Class
B
Year Built/Renovated
2008/2025
Price
$1,895,000
Price Per SF
$242.95
Percent Leased
62%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,800 SF
Building FAR
0.31
Lot Size
0.58 AC
Zoning
C2 - Commercial
Parking
30 Spaces (3.85 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 18.31.1.26.573 | Improvements Assessment | $919,800 |
| Land Assessment | $257,400 | Total Assessment | $1,177,200 |
PROPERTY TAXES
Parcel Number
18.31.1.26.573
Land Assessment
$257,400
Improvements Assessment
$919,800
Total Assessment
$1,177,200
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400 4th St NW
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