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Faribault Residential Development Land

SOLD 61.5 +/- Acres
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Why You'll Love It

61.50 Acres +/- NOW AVAILABLE in Faribault, Minnesota for residential development!

HUGE demand in Faribault for single-family residential development. Less than 1% vacancy which means there is not enough inventory to meet demand!

Take advantage of historic low interest rates to purchase and develop --- or purchase to hold as an investment!

View additional information under "Property Documents" and do a virtual tour via LandTour 360!

Parcel #/ID

18.07.1.00.001

Legal Information

N3/4 E82R, NE 1/4, Section -109-20, City of Faribault, MN

Property Highlights
Farms & Ranches Farmland, Crop Production
Commercial Land, Residential Development
Homes, Cabins, Acreages & Lots Vacant Land
  • 61.50 Acres +/- NOW AVAILABLE in Faribault, Minnesota for residential development! Additional 38.80 acres also available -- adjacent to the west!
  • HUGE demand in Faribault for single-family residential development. Less than 1% vacancy which means there is not enough inventory to meet demand! Take advantage of historic low interest rates to purchase and develop --- or purchase to hold as an investment!
  • Housing Summit June, 2019 hosted by Rice County and Cities of Faribault, Northfield, Lonsdale, etc. had panels & speakers composed of employers in the area, county and state personnel, MHFA, and industry professionals.
  • Employers bemoaned the lack of housing and the inability then, to: Attract/recruit employees Retain employees Address other workforce issues such as daycare, transportation...
  • Land is currently zoned Transitional Urban Development. Faribault Land Use map shows the subject area is planned for "low density residential development".
  • This 61.50 acres is bounded on the west by the addt'l 38.80 acres available; northeast corner at Glynview Trail; existing residential to the north.
  • 61.50 acres lie east of the addt'l 38.80 acre parcel -- and which 38.80 acres are also available for residential development. See separate flyer/information for the 38.80 acre parcel.
  • Both parcels may be purchased by together: 38.80 acres at $543,200 61.50 acres at $676,500
  • Take this opportunity to meet the development need for single family housing in Faribault! Call Terri Jensen, ALC (Accredited Land Consultant) at 507-382-0908 today.
  • National Land Realty stipulates that they are representing the seller exclusively in this transaction. The information gathered on this property in its entirety is from sources deemed reliable, but cannot be guaranteed by Seller, National Land Realty, or its staff. The buyer MUST make their own independent investigation of the property. The property is being sold “as-is”.

Estimated Acres:

+/- 61.50 acres tillable - currently used for row crops. Zoned PUD - Urban Fringe District.

2020 Taxes:

$4,308

Zoning:

Zoned PUD - Urban Fringe District.

Future Land Use:

Zoned PUD - Urban Fringe District.

Listing ID#:

1388250


Location
0 Glynview Trail
Faribault, MN 55021
Coordinates:

44.266164630599 , -93.265281541429

61.50 acres lying adjacent to 38.80 acres -- also available for development. 61.50 acres bounded on north by Blue Bird Subd/Park - existing residential; NE corner at Glynview Trail.

Contact
Terri Jensen, ALC
Managing Broker - MN
5.0 stars
59 reviews
Cell: 507-382-0908
See all of my listings
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