Rare Development Opportunity – 95 Acres of Prime Land in Faribault. Uncover the potential of this exceptional 95-acre parcel perfectly positioned for development. Ideally located at the intersection of Interstate I-35, Lyndale Avenue (Highway 21), and Bagley Avenue, this property offers unparalleled visibility, access, and strategic value. With direct adjacency to Maple Lawn Park and already annexed into the city limits of Faribault, this land is development-ready with municipal services nearby. Zoned for future growth and surrounded by established infrastructure, this site is ideal for a variety of uses including residential neighborhoods, mixed-use development, commercial enterprises, or light industrial projects (subject to zoning and approvals). Proximity to major transportation corridors ensures high traffic exposure and ease of logistics, making it a compelling investment for forward-thinking developers. Don’t miss this unique opportunity to secure a large, contiguous tract of land in one of southern Minnesota’s fastest-growing communities. Property Identification Number 18.01.2.25.001 this parcel is zoned TUD or Transitional Urban Development District, and per Rice County is 91.40 acres. 18.36.3.75.004 is zoned R-2 and per Rice County is 3.60 acres. TUD is a flexible zoning allows for multiple potential development opportunities.
Active
$1,900,000
21 Bagley Ave, Faribault, MN 55021
--beds
--baths
95Acres
Unimproved Land
Built in ----
95 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 326 days |
- 22 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Kathy Kalow 507-323-5236,
Edina Realty, Inc.,
Kelly Harbal 507-456-6294
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6772873
Facts & features
Interior
Features
- Has basement: No
Property
Lot
- Size: 95 Acres
- Dimensions: 1 x 1
- Topography: Flood Plain,Gently Rolling
Details
- Additional parcels included: 1836375004
- Parcel number: 1801225001
- Zoning description: Business/Commercial
Utilities & green energy
- Utilities for property: None Available, None Connected
Community & HOA
Community
- Features: No
HOA
- Has HOA: No
Location
- Region: Faribault
Financial & listing details
- Annual tax amount: $2,300
- Date on market: 8/14/2025
- Inclusions: For Sale Sign
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2025 | Listed for sale | $1,900,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 55021
Nearby schools
GreatSchools rating
- 4/10Jefferson Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 2/10Faribault Middle SchoolGrades: 6-8Distance: 1.3 mi
- 4/10Faribault Senior High SchoolGrades: 9-12Distance: 0.8 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Minnesota
- Rice County
- Faribault
- 55021
- 21 Bagley Ave





