For Sale
$1,600,000

1233 Mn-60Faribault, MN 55021

5,625 SF Medical Office - $1.6M

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional 5,625-square-foot medical office building, located at 1233 Highway 60 in Faribault, Minnesota, presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2023, the property boasts a single-story design situated on a 0.709-acre lot. The building is zoned C-2 - Highway Commercial, offering excellent visibility and accessibility from Highway 60 and its proximity to Lyndale Avenue. Currently occupied by Brighton Hospice under a 15-year triple net lease, this property provides a stable, long-term income stream. The asking price is $1,600,000, translating to a price per square foot of $284.44. The property's location in Rice County, with its zip code 55021, offers convenient access to a thriving community. The property features one building and is identified by APN 18-36-1-50-001. This is a rare opportunity to acquire a well-maintained, recently renovated medical office building in a desirable location with a strong tenant in place. The property's strategic location and long-term lease make it an attractive investment for discerning buyers seeking a stable and profitable asset. Further details are available upon request.

Highlights

  • 5,625 SF medical office building on 0.709-acre lot in Faribault, MN.
  • Recently renovated (2023) single-story building on Highway 60.
  • C-2 Highway Commercial zoning with high visibility and accessibility.
  • 15-year triple-net lease with Brighton Hospice, providing stable income.
  • $1,600,000 asking price ($284.44/SF).

Property Details for 1233 Mn-60

Property type
Office properties, Medical offices
Square Feet
5,625 SF
Year Built/Renovated
1970/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
30,884 SF

Location Insight

City
Faribault
County
Rice
State
Minnesota
Latitude
44.2939919
Longitude
-93.2878379
1233 Mn-60, Faribault, Minnesota

FAQs

What type of property is this?
Office property - 5,625 SF Medical Office - $1.6M
Where is the office property located?
The property is located at 1233 Mn-60 Faribault, MN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,625 SF medical office building on 0.709-acre lot in Faribault, MN.; Recently renovated (2023) single-story building on Highway 60.; C-2 Highway Commercial zoning with high visibility and accessibility.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1233 Mn-60
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