2905 2nd Ave NW Faribault, MN 55021
Estimated payment $7,052/month
About This Lot
Great Commercial Land Potential. Located near Rice County's new Public Safety Center. This a multiple parcel listing INCLUDING 4 parcels. Seller agrees to remove all buildings and septic systems with remaining land to be re-zoned as Commercial Land. Owner agrees to work with City of Faribault to re-zone property. Parcels include 18.19.1.50.006, 18.19.1.50.005, 18.19.1.50.004, and 18.19.1.76.003 as depicted in sketch in photos. Listing Price does not include homes. Homes to be relocated by Seller at Seller expense. Contact listing Broker for more information.
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,274
Lot Details
- Irregular Lot
- Additional Parcels
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 18
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,502 | $310,200 | $73,700 | $236,500 |
| 2024 | $3,502 | $300,800 | $70,800 | $230,000 |
| 2023 | $3,116 | $300,800 | $70,800 | $230,000 |
| 2022 | $2,606 | $265,900 | $68,500 | $197,400 |
| 2021 | $2,502 | $213,600 | $56,300 | $157,300 |
| 2020 | $2,288 | $205,300 | $56,300 | $149,000 |
| 2019 | $2,066 | $193,100 | $53,000 | $140,100 |
| 2018 | $1,964 | $175,100 | $44,900 | $130,200 |
| 2017 | $1,952 | $164,200 | $35,900 | $128,300 |
| 2016 | $1,802 | $158,900 | $35,900 | $123,000 |
| 2015 | $1,932 | $146,100 | $29,900 | $116,200 |
| 2014 | -- | $142,600 | $29,900 | $112,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2025 03/29/25 | For Sale | $1,200,000 | -- | -- |
Source: NorthstarMLS
MLS Number: 6693876
APN: 18.19.1.50.006
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