$1,750,000
MLS# 6710180
Status: Closed
6028 sqft
1 / 43
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.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2025-11-11
Current Price: $1,750,000
Closed Date: 2025-11-10
Sales Close Price: 1750000
Contingency: None
ListPrice: 2500000
List Date: 2025-04-28
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 80
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 349.5x134
Foundation Size: 6642
Lot Size SqFt: 2
Garage Stalls: 0
Power Company: Xcel Energy
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: LOT 1 BLOCK 2 OF HERITAGE PARK
Listing City: Faribault
Map Page: 999
Municipality: Faribault
School District: Faribault
School District Phone: 507-333-6016
Zip Plus 4: 5250
Property ID Number: 1831101007
Tax Year: 2025
Tax Amount: 16392
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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.
Directions: 1st Ave NE (MN 60) to Ravine Street - West on Heritage Place
Accessible
Doors 36"+: 1
Fully Wheelchair: 1
Roll Under Accessibility: 1
Wheelchair Ramp: 1
Other: 1
Air Conditioning
Central Air: 1
Dual: 1
Amenities Unit
Hardwood Floors: 1
Natural Woodwork: 1
Patio: 1
Security System: 1
Tile Floors: 1
Vaulted Ceiling(s): 1
Wet Bar: 1
Appliances
Cooktop: 1
Dishwasher: 1
Fuel Tank - Owned: 1
Indoor Grill: 1
Microwave: 1
Range: 1
Refrigerator: 1
Wine Cooler: 1
Other: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 0
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: 123x54
Owner Access: 1
Stone: 1
Unfinished: 1
Other: 1
Building Information
Building Finished SqFt: 4892
Building SqFt: 6028
Ceiling Height: Varied Heights
Construction Materials
Block: 1
Frame: 1
Other: 1
Construction Status
Previously Owned: 1
Existing Financing
Free and Clear: 1
Exterior
Brick/Stone: 1
Engineered Wood: 1
Fiber Board: 1
Fencing
Split Rail: 1
Other: 1
Financing Terms
Conventional: 1
Flooring
Engineered Wood: 1
Heavy Duty: 1
Tile: 1
Wood: 1
Foundation
Stone: 1
Other: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Internet Options
Cable: 1
Fiber Optic: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SPAAR
None: 1
Lot Description
Irregular Lot: 1
Tree Coverage - Medium: 1
Underground Utilities: 1
Miscellaneous Information
2+ Lavatories: 1
220 Volt: 1
Alarms: 1
Building Sign: 1
Exterior Lighting: 1
Homestead: No
Kitchen Facilities: 1
Out Buildings: 1
Three Phase: 1
Owner Pays
All Utilities: 1
Cable TV: 1
Electricity: 1
Fuel: 1
Gas: 1
Grounds Care: 1
Heat: 1
Hot Water: 1
HVAC Maintenance: 1
Insurance: 1
Janitorial Service: 1
Maintenance/Repair: 1
Management: 1
Repairs: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Off Site: 1
Paved Lot: 1
Uncovered/Open: 1
Patio, Porch and Deck Features
Covered: 1
Glass Enclosed: 1
Other: 1
Patio: 1
Pool Description
None: 1
Road Frontage
City Street: 1
Curbs: 1
Paved Streets: 1
Storm Sewer: 1
Road Responsibility
Private Maintained Road: 1
Public Maintained Road: 1
Roof
Age 8 Years or Less: 1
Asphalt Shingles: 1
Pitched: 1
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Liquor License
Sewer
City Sewer - In Street: 1
City Sewer/Connected: 1
Shared Rooms
Amusement/Party Room: 1
Stories
Two: 1
Topography
Flood Plain: 1
Level: 1
Unit Details
Total Units: 1
Wall Description
Other/See Remarks: 1
Water
City Water/Connected: 1
Private: 1
Window Features
Double Pane Windows: 1
Insulated Windows: 1
Income and Expenses
Annual Caretaker Expense: 1
Annual Electric Expense: 1
Annual Fuel Expense: 1
Annual Gross Expenses: 1
Annual Gross Income: 1
Annual Insurance Expense: 1
Annual Maintenance Expense: 1
Annual Net Income: 1
Annual Repair Expense: 1
Annual Trash Expense: 1
Annual Water/Sewer Expense: 1
Total Annual Expenses: 1
No. of Ranges
Two: 1
No. of Refrigerators
Three: 1
On Site Utilities
Electric Common: 1
CMU Style
Business Opportunity: 1
Freestanding: 1
Single Occupancy: 1
Commercial Kitchen Appliances
Cookware/Utensils: 1
Dishwasher: 1
Freezer: 1
Fryer: 1
Grill: 1
Ice Machine: 1
Other: 1
Oven: 1
Prep Station: 1
Refrigerator: 1
Shelving and Racks: 1
Walk-In Cooler/Freezer: 1
Warming Table: 1
Current Use
Restaurant: 1
Loan Terms
Cash: 1
Conventional: 1
Other: 1
Location Description
Downtown: 1
Free Standing: 1
Overhead Door Clearance
0-9 Feet: 1
Potential Use
Lounge/Bar: 1
Restaurant: 1
Location Tax and Other Information
Postal City: Faribault
County: Rice
State: MN
Zip Code: 55021
Complex/Dev/Subdivision: Heritage Park
Property Features
Accessible: Doors 36"+; Fully Wheelchair; Roll Under Accessibility; Wheelchair Ramp; Other
Air Conditioning: Central Air; Dual
Amenities Unit: Hardwood Floors; Natural Woodwork; Patio; Security System; Tile Floors; Vaulted Ceiling(s); Wet Bar
Appliances: Cooktop; Dishwasher; Fuel Tank - Owned; Indoor Grill; Microwave; Range; Refrigerator; Wine Cooler; Other
Assumable Loan: Not Assumable
Basement: Owner Access; Stone; Unfinished; Other
CMU Style: Business Opportunity; Freestanding; Single Occupancy
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Freezer; Fryer; Grill; Ice Machine; Other; Oven; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer; Warming Table
Construction Materials: Block; Frame; Other
Construction Status: Previously Owned
Current Use: Restaurant
Existing Financing: Free and Clear
Exterior: Brick/Stone; Engineered Wood; Fiber Board
Fencing: Split Rail; Other
Financing Terms: Conventional
Flooring: Engineered Wood; Heavy Duty; Tile; Wood
Foundation: Stone; Other
Fuel: Natural Gas
Heating: Boiler
Internet Options: Cable; Fiber Optic
Loan Terms: Cash; Conventional; Other
Location Description: Downtown; Free Standing
Lock Box Type: None
Lot Description: Irregular Lot; Tree Coverage - Medium; Underground Utilities
Miscellaneous Information: 2+ Lavatories; 220 Volt; Alarms; Building Sign; Exterior Lighting; Kitchen Facilities; Out Buildings; Three Phase
On Site Utilities: Electric Common
Overhead Door Clearance: 0-9 Feet
Owner Pays: All Utilities; Cable TV; Electricity; Fuel; Gas; Grounds Care; Heat; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Janitorial Service; Maintenance/Repair; Management; Repairs
Parking Characteristics: Parking Lot; Off Site; Paved Lot; Uncovered/Open
Pool Description: None
Potential Use: Lounge/Bar; Restaurant
Road Frontage: City Street; Curbs; Paved Streets; Storm Sewer
Road Responsibility: Private Maintained Road; Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles; Pitched
Sewer: City Sewer - In Street; City Sewer/Connected
Shared Rooms: Amusement/Party Room
Stories: Two
Topography: Flood Plain; Level
Wall Description: Other/See Remarks
Water: City Water/Connected; Private
Window Features: Double Pane Windows; Insulated Windows
Listing Office: RE/MAX Advantage Plus
Last Updated: November - 11 - 2025
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