For Sale: Faribault MLS# 6710180
Active
$2,500,000
Commercial: Business Opportunity
Built 1900
Faribault schools
MLS# 6710180
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
The Depot Bar and Grill in Faribault has long been a Minnesota staple—a top-tier restaurant and destination location known for its
high-quality prepared dishes, daily specials, and welcoming atmosphere. Great for business meetings, events, and for family
and friend gatherings alike. After 35 years under the same ownership, this iconic dining destination includes real estate &
business sale - now available for the next chapter and new owner to carry this legacy establishment forward. Housed in the
historic Depot train station in downtown Faribault, this landmark restaurant blends rich local history, ambiance galore and legacy
culinary excellence. Owned/operated by a classically trained chef, The Depot is beloved for its warm ambiance and excellent
reputation as the perfect place for celebrations & gathering, offering a unique dining experience bringing the past to life.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,500,000
Property Type:
Commercial
City:
Faribault
Garage Spaces:
0
County:
Rice
Year Built:
1900
State:
MN
Property Style:
Business Opportunity
Zip Code:
55021
Subdivision Name:
Heritage Park
Interior
Ceiling Height:
Varied Heights
Ranges:
Two
Refrigerators:
Three
Appliances Included:
- Cooktop
- Dishwasher
- Exhaust Fan
- Fuel Tank - Owned
- Gas Water Heater
- Indoor Grill
- Microwave
- Other
- Range
- Refrigerator
- Stainless Steel Appliances
- Wall Oven
- Wine Cooler
Basement Details:
- Other
- Owner Access
- Stone/Rock
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
80
Air Conditioning:
Central Air, Dual
Foundation Size:
6,642 ft2
Foundation Dimensions:
123x54
Handicap Accessible:
Doors 36"+, Fully Wheelchair, Other, Wheelchair Ramp(s), Roll Under Accessibility
Road Responsibility:
Private Maintained Road, Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Off Site
- Open
- Parking Lot
- Paved
Unit Amenities:
- Hardwood Floors
- Natural Woodwork
- Patio
- Security System
- Tile Floors
- Vaulted Ceiling(s)
- Wet Bar
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Storm Sewer
Exterior Material:
- Brick/Stone
- Engineered Wood
- Fiber Board
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Rooms
Shared Rooms:
Amusement/Party Room
Lot & Land
Acres:
0
Geolocation:
44.294261, -93.265609
Inclusions:
Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Liquor License
Lot Dimensions:
349.5 x 134
Zoning:
Business/Commercial
Lot Description:
- Irregular Lot
- Many Trees
- Underground Utilities
Farm
Topography:
Flood Plain, Level
Schools
School District:
656
District Phone:
507-333-6016
Expenses
Annual Caretaker Expense:
$1
Annual Electric Expense:
$1
Annual Fuel Expense:
$1
Annual Insurance Expense:
$1
Annual Maintenance Expense:
$1
Annual Gross Expense:
$1
Annual Trash Expense:
$1
Annual Water/Sewer Expense:
$1
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$16,392
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
None
Income
Annual Gross Income:
$1
Rent
Annual Net Income:
$1
Units
Total Units:
1
Miscellaneous
Current Use:
Restaurant
Fuel System:
Natural Gas
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
Electric Common
Water System:
- City Water/Connected
- Private
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Advantage Plus.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.