Faribault
Real Estate
Buyer wanted: Fleckenstein Building is on the market
With its bricks and a dark green trim, the Fleckenstein Building is hard to miss on downtown Faribault’s Central Avenue. Built in 1884, the building was once owned by Frederick Fleckenstein, a relative to the prominent onetime local brewer, according to Dalby Database. The Fleckenstein Building was a mercantile shop that sold dry goods. The building is now for sale. It went on the market last month, with an asking...
Property owners express distress over streetscape assessments
Two common themes came out of the feedback from Tuesday night’s public hearing at the Owatonna City Council meeting: the newly finished streetscape project looks fantastic, and the costs businesses will incur to pay for it is higher than what many feel is reasonable. The public hearing was held for the proposed assessments the city plans to impose to pay for the streetscape project along the 100-300 blocks of N. Cedar Avenue in downtown Owatonna. While discussion of the assessments first took place at the...
Lot split 1st phase of new industrial plats
The city is continuing to grow, and developers outside of Owatonna continue to want to be a part of it. Following a unanimous vote Tuesday night by the Owatonna City Council, the Hamilton Real Estate Group will be eyeing up its next project in the community. Having recently finished The Pearl apartments on Pearl Street and the Courtyard by Marriott hotel on the 200 block of North Cedar Avenue, the development company owned by Mac Hamilton is looking to venture outside of the downtown district. ...
Groundbreaking occurs for long-planned Northfield affordable housing development
After five years of discussions, meetings, partnerships, and planning, the city of Northfield and Three Rivers Community Action broke ground yesterday on the Spring Creek II Townhome development project. Located at 2200 Millstream Lane, the townhomes represent an effort to create more affordable rental housing units for Northfield families on the Southbridge site. Over the last several years, the Three Rivers Community Development team has been working with the Northfield...
Southern Minnesota “Political” House up for Auction
If you look at the Zillow website enough you will find some fairly odd things on there. Sometimes there is a swimming pool in the middle of the house that seems like it should be a living room, there could be a "barbie house", or some other sort of retro home that never got out of the 60s or 70s and now seems "cool" again. Or maybe a nice little friendly ghost that shows up in some of the posted photos. Or, you could run across this one that is up for auction in Waseca.
Faribault apartment building gets tax subsidy
The developer of a four-story apartment building in Faribault may receive up to $700,000 in tax increment financing subsidies. The Faribault City Council gave several more approvals for the 77-unit building near the viaduct Wednesday, including sale of city land and creation of a tax increment financing district. The city purchased several acres of land east of Willow Street and south of First Street NE aiming to facilitate a redevelopment....
Southern Minnesota “Political” House up for Auction
If you look at the Zillow website enough you will find some fairly odd things on there. Sometimes there is a swimming pool in the middle of the house that seems like it should be a living room, there could be a "barbie house", or some other sort of retro home that never got out of the 60s or 70s and now seems "cool" again. Or maybe a nice little friendly ghost that shows up in some of the posted photos. Or, you could run across this one that is up for auction in Waseca.
Southern Minnesota “Political” House up for Auction
If you look at the Zillow website enough you will find some fairly odd things on there. Sometimes there is a swimming pool in the middle of the house that seems like it should be a living room, there could be a "barbie house", or some other sort of retro home that never got out of the 60s or 70s and now seems "cool" again. Or maybe a nice little friendly ghost that shows up in some of the posted photos. Or, you could run across this one that is up for auction in Waseca.
Apartment building gains council go-ahead
A four-story apartment building has gained approvals from the Faribault City Council, and the city will fund a new road and utility extensions to the apartments, as well as proposed adjacent senior housing. The council approved conditional use permits and other measures Tuesday for the 77-unit, $13 million apartment building planned on city land, east of Willow Street, south of the viaduct. A zoning amendment and one other item require a second public reading before the council can give its approval. ...
Habitat for Humanity approved to build houses on Public Safety Center site
Rice County is one step closer to seeing an affordable housing project come to fruition near the future Public Safety Center. The $2.1 million project is expected to be finished in the spring of 2024 and will provide six new houses for low-to-moderate income families. Habitat for Humanity was chosen Thursday to be the builder of the affordable housing project. The decision was unanimously made by the Rice County Board of Commissioners, acting as the Housing and Redevelopment Authority. ...
Affordable housing is becoming less affordable
Wages aren’t keeping up with property value in Rice County. With the current trajectory of the housing market, we could see an increase in the homeless population, says Rice County Assessor Josh Schoen. Over time, the average American’s wages have steadily increased. However, due to inflation, the American workforce has had the same purchasing power for the past half-century, according to the Pew Research Center. Gas prices, for example, have...
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