201 Lyndale AveFaribault, MN 55021

Property Details for 201 Lyndale Ave

Year built

1960

Lot size

7.40 AC

Property size (Sq ft)

88,003 SF

Property type

Office properties

APN

18.36.4.25.006

APU

1836425006

Description

This exceptional commercial property located at 201 Lyndale Avenue S in Faribault, Minnesota, offers a substantial 88,003 square feet of versatile office or retail space. Situated on a generous 7.4-acre lot, this property presents a unique opportunity for businesses seeking ample space and flexibility. The building offers the potential for a large-scale single tenant occupancy or can be easily subdivided to accommodate multiple smaller tenants. Currently, there is up to 23,000 square feet immediately available, with options for smaller suites also available to suit various business needs. The property's prime location in Faribault provides excellent visibility and accessibility, making it an ideal location for a wide range of businesses. Interested parties are encouraged to inquire about the various suite sizes and configurations to find the perfect fit for their operational requirements. This is a rare opportunity to secure a significant amount of commercial space in a desirable location. The asking price for the entire property is $12 million. Contact us today to discuss your specific needs and explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $14,486,264

  6.5%

  $13,371,936

  7%

  $12,416,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,491,673

  Geo Method

  $4,491,673

• Alternative Use

  Use

  Valuation

  Residential

  $16,581,200

  Hospitality

  $15,188,290

  Educational

  $12,636,479

  Medical

  $13,071,067

  Retail

  $19,656,746

Location Insight

City

Faribault

County

Rice

State

Minnesota

Latitude

44.2891

Longitude

-93.2893

CBSA code

22060

CBSA name

FARIBAULT-NORTHFIELD, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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