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$2,027,910
Est. payment /mo
1,280,228 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,280,228 sqft
Price per Sqft $1
Subdivision Lot A Of Schulz Addition
MLS Listing ID 6721958
Annual Tax Amount $1,474
Lot Size 29.390 Acres
Acres 29.39
Lot Dimensions 1558 x 1290
Property Description
The property spans 29 more or less acres, zoned for commercial heavy industrial use, making it suitable for a wide range of industrial developments. Its location off Park Ave, adjacent to Fairbo Foods, places it in a well-established industrial area, enhancing its visibility and connectivity. The land is level, which simplifies construction and development processes, and is already platted, reducing initial planning hurdles.
Strategic Location and Connectivity
The property's proximity to I-35 and the Faribault Industrial Park is a significant advantage. Faribault is strategically located just 30 minutes from the Twin Cities Metro, offering excellent access to major markets. This connectivity is crucial for industrial operations, facilitating the movement of goods and employees. Additionally, the city's recognition as the 2019 City of the Year by the Minnesota Real Estate Journal underscores its business-friendly environment, with over 250 acres of prime industrial land available along the Interstate Corridor.
Infrastructure and Unique Features
The property boasts access to underground utilities within the city of Faribault, ensuring all modern amenities are readily available for development. A particularly distinctive feature is the direct underground pipeline option for liquid or gas nitrogen/oxygen, provided by an adjacent business. This feature is rare and caters to industries requiring specialized gas supplies, potentially attracting tenants in sectors like manufacturing or chemical processing.
Rail access is another critical asset, with lines running along the eastern boundary, offering north-south connectivity. Research highlights the benefits of rail-served industrial sites, including cost-effective transportation for large or bulky goods, reduced shipping costs, and increased tenant demand due to the limited supply of such properties. Rail transport is also noted for its environmental benefits, such as lower carbon emissions, which can appeal to sustainability-focused companies.
The city's comprehensive plan, updated in 2020, guides physical, social, and economic development, emphasizing orderly growth and support for businesses. This supportive environment, combined with the presence of major employers like Sage Glass, Daikin Applied, and Aldi Distribution, positions Faribault as a hotspot for industrial investment.
Market Trends and Potential
Recent real estate listings in Faribault indicate a strong demand for industrial land, with properties near I-35 and rail access being particularly sought after.
The city's growing population, projected to reach 25,205 by 2037, and its median age of 36.2 years suggest a dynamic workforce, further enhancing its appeal for industrial development.
The property's features, such as rail access and the nitrogen/oxygen pipeline, align with trends favoring logistics efficiency and specialized industrial operations, making it a competitive option in the market.
Compared to other industrial land listings in Faribault, this property stands out due to its combination of rail access, utility availability, and the unique pipeline feature. While other listings may offer similar proximity to I-35, the rail connectivity and specialized infrastructure provide a distinct advantage, particularly for industries requiring heavy freight movement or specific gas supplies.
Strategic Location and Connectivity
The property's proximity to I-35 and the Faribault Industrial Park is a significant advantage. Faribault is strategically located just 30 minutes from the Twin Cities Metro, offering excellent access to major markets. This connectivity is crucial for industrial operations, facilitating the movement of goods and employees. Additionally, the city's recognition as the 2019 City of the Year by the Minnesota Real Estate Journal underscores its business-friendly environment, with over 250 acres of prime industrial land available along the Interstate Corridor.
Infrastructure and Unique Features
The property boasts access to underground utilities within the city of Faribault, ensuring all modern amenities are readily available for development. A particularly distinctive feature is the direct underground pipeline option for liquid or gas nitrogen/oxygen, provided by an adjacent business. This feature is rare and caters to industries requiring specialized gas supplies, potentially attracting tenants in sectors like manufacturing or chemical processing.
Rail access is another critical asset, with lines running along the eastern boundary, offering north-south connectivity. Research highlights the benefits of rail-served industrial sites, including cost-effective transportation for large or bulky goods, reduced shipping costs, and increased tenant demand due to the limited supply of such properties. Rail transport is also noted for its environmental benefits, such as lower carbon emissions, which can appeal to sustainability-focused companies.
The city's comprehensive plan, updated in 2020, guides physical, social, and economic development, emphasizing orderly growth and support for businesses. This supportive environment, combined with the presence of major employers like Sage Glass, Daikin Applied, and Aldi Distribution, positions Faribault as a hotspot for industrial investment.
Market Trends and Potential
Recent real estate listings in Faribault indicate a strong demand for industrial land, with properties near I-35 and rail access being particularly sought after.
The city's growing population, projected to reach 25,205 by 2037, and its median age of 36.2 years suggest a dynamic workforce, further enhancing its appeal for industrial development.
The property's features, such as rail access and the nitrogen/oxygen pipeline, align with trends favoring logistics efficiency and specialized industrial operations, making it a competitive option in the market.
Compared to other industrial land listings in Faribault, this property stands out due to its combination of rail access, utility availability, and the unique pipeline feature. While other listings may offer similar proximity to I-35, the rail connectivity and specialized infrastructure provide a distinct advantage, particularly for industries requiring heavy freight movement or specific gas supplies.
Location
State MN
County Rice
Community Lot A Of Schulz Addition
Direction From Bloomington, MN find I-35W South and travel south about 34 miles. Take exit 59 onto MN 21 toward Faribault. in .3 miles turn right onto Lyndale Ave N toward I 35 South. IN .3 miles turn left onto 30th St NW. IN .4 miles keep left onto Park Ave, in .7miles, destination is on the right
Building
Lot Description Additional Land Available, Underground Utilities
Others
Senior Community No
Tax ID 1813151004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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