MLS# 7142833 - 508 Central Avenue N Faribault, MN 55021

Prime Downtown Faribault Commercial & Mixed-Use Opportunity. Discover the possibilities in the heart of downtown Faribault with this versatile commercial property offering a unique opportunity for an owner-user, entrepreneur, or investor. The main-level commercial space is currently vacant and ready for its next chapter, with a layout and location well suited for a variety of business concepts. Previously operated as a restaurant, the space could be ideal for a new dining establishment, retail business, office, personal service, entertainment venue, or even a food-truck operator ready to establish a permanent brick-and-mortar location. Adding to the appeal, the property includes a fully leased apartment above the commercial space, providing immediate rental income while offering the potential for future owner occupancy. The property is zoned Central Business District (CBD), allowing for a broad range of commercial uses, including retail, financial services, office space, personal services, and entertainment. Residential use is also permitted as an accessory use when located above a first-floor commercial use. With its prominent downtown location, flexible zoning, existing rental income, and adaptable commercial space, this property presents an excellent opportunity to establish a business, expand an existing venture, or add a versatile mixed-use asset to your investment portfolio.

Edina Realty, Inc. is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Grantsburg Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Grantsburg Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 9/15/2026 5:01:00 PM.
Equal Housing Opportunity.

Prime Downtown Faribault Commercial & Mixed-Use Opportunity. Discover the possibilities in the heart of downtown Faribault with this versatile commercial property offering a unique opportunity for an owner-user, entrepreneur, or investor. The main-level commercial space is currently vacant and ready for its next chapter, with a layout and location well suited for a variety of business concepts. Previously operated as a restaurant, the space could be ideal for a new dining establishment, retail business, office, personal service, entertainment venue, or even a food-truck operator ready to establish a permanent brick-and-mortar location. Adding to the appeal, the property includes a fully leased apartment above the commercial space, providing immediate rental income while offering the potential for future owner occupancy. The property is zoned Central Business District (CBD), allowing for a broad range of commercial uses, including retail, financial services, office space, personal services, and entertainment. Residential use is also permitted as an accessory use when located above a first-floor commercial use. With its prominent downtown location, flexible zoning, existing rental income, and adaptable commercial space, this property presents an excellent opportunity to establish a business, expand an existing venture, or add a versatile mixed-use asset to your investment portfolio.

Edina Realty, Inc. is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Grantsburg Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Grantsburg Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 9/15/2026 5:01:00 PM.
Equal Housing Opportunity.