TBD Park Avenue

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.