232nd St W, Faribault, MN 55021
Property image
Property image
FOR SALE
1.6 ACRES

$175,000

    232nd St W, Faribault, MN 55021

    Est. Mortgage $1,166/mo*
    Get Pre-Qualified

    Home Highlights

    Lot/Land
    1.6 acre lot

    Local Information

    • Map ViewExplore the area around 232nd St W.
    • Schools1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    What's unique:Abundant wildlifeBreathtaking water viewsIncredible sunsetsPrivate lakefront retreatPeaceful surroundings
    Build your dream lake home on beautiful Cannon Lake! This exceptional 1.6-acre buildable lot offers 150 feet of shoreline and the perfect opportunity to create your own private lakefront retreat. Enjoy breathtaking water views, peaceful surroundings, abundant wildlife, incredible sunsets, and year-round recreation including boating and fishing. With ample space for your future home, outdoor entertaining areas, and additional storage or recreational amenities, this property offers the rare combination of privacy, space, and prime lake frontage. Conveniently located near Faribault with easy access to the Twin Cities corridor, this is an outstanding opportunity to enjoy luxury lake living on one of the area’s most desirable lakes.
    Last check for updates: about 11 hours ago
    Listing courtesy of Jennifer Fielding
    Exp Realty
    Source: RASM, MLS#7040384
    Also Listed on RASM.

    Home Details for 232nd St W

    Active Status

    MLS Status: ACTIVE

    Exterior Features

    Frontage
    WaterfrontWaterfront: Lake FrontFrontage Type: WaterfrontOn Waterfront
    Water & Sewer
    Water Body: Cannon
    Farm & Range
    Frontage Length: Water Frontage: 150

    Days on Market

    Days on Market: 123

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Residential

    Price & Status

    Price
    List Price: $175,000

    Location

    Direction & Address
    City: Faribault
    School Information
    Elementary School District: Faribault #656Jr High / Middle School District: Faribault #656High School District: Faribault #656

    Agent Information

    Listing Agent
    Listing ID: 7040384

    Lot Information

    Lot Area: 1.6 Acres

    Miscellaneous

    Mls Number: 7040384

    Around this home

    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Faribault

    At least 76 Trulia users voted on each feature.
    • 90 % Say yards are well-kept

    • 84 % Say car is needed

    • 83 % Say parking is easy

    • 82 % Say it's dog friendly

    • 71 % Say kids play outside

    • 68 % Say there are sidewalks

    • 60 % Say there's holiday spirit

    • 57 % Say it's quiet

    • 54 % Say neighbors are friendly

    • 54 % Say people would walk alone at night

    • 52 % Say streets are well-lit

    • 49 % Say they plan to stay for at least 5 years

    • 45 % Say it's walkable to restaurants

    • 44 % Say it's walkable to grocery stores

    • 38 % Say there's wildlife

    • 32 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Trulia User
      "Very safe neighborhood "
    • Ryan W.
      "bike or drive, around town. mostly I work from town and I like using the trail system. for bike riding and exercising "
    • Trulia User
      "There is a park and nature center near by to go with your family and is pet friendly too, we have bike trails all over town."
    • Cheyannefolman
      "It is not that fantastic of a neighbor but my family has been living on the same property for 40+ years. "
    • Dora L.
      "I lived in this neighborhood for about 10 years and is quiet so I like it and I have a park close by."
    • Smkroening
      "Great neighbors, no heavy traffic, pretty safe, small town feel but close to a big city, lots of bike trails, close to lots of lakes, it is where my husband is from."

    Market trends in Faribault

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $281K
    $2.65K
    MoM
    Sale-to-List Price
    99.5%
    Price per sq ft
    $150
    $3
    MoM
    Available listings
    127
    2
    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    3.17
    Lot/Land
    $84,999
    05/29/26
    -
    -
    3.12
    Lot/Land
    $66,000
    07/24/26
    -
    -
    4.52
    Lot/Land
    $135,000
    06/18/26
    -
    -
    5.16
    Lot/Land
    $58,000
    08/25/26
    -
    -
    5.73
    Lot/Land
    $15,000
    12/08/25
    -
    -
    5.49
    Lot/Land
    $231,000
    12/02/25
    -
    -
    5.96
    Lot/Land
    $45,000
    12/05/25
    -
    -
    6.69
    Lot/Land
    $699,900
    08/26/26
    -
    -
    6.83
    Lot/Land
    $375,000
    07/31/26
    -
    -
    7.40
    Lot/Land
    $80,000
    07/10/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    0.02
    $1,100,000
    4
    4
    5,149
    For Sale
    0.04
    $175,000
    -
    -
    -
    For Sale
    0.03
    $175,000
    -
    -
    -
    For Sale
    0.04
    $795,000
    4
    3
    3,374
    For Sale
    0.05
    $175,000
    -
    -
    -
    For Sale
    0.04
    $680,400
    5
    3.5
    4,035
    Off Market
    0.05
    $564,500
    5
    3
    2,857
    Off Market
    0.07
    -
    -
    -
    -
    Off Market
    0.14
    $102,000
    2
    2
    1,180
    For Sale
    0.15
    $250,000
    2
    1.5
    2,080
    Recently Sold
    0.18
    $282,000
    3
    2
    1,620
    Off Market

    Price and Tax history

    DateEventPrice
    May 23, 2026
    Source: RASM #7040384
    Listed For Sale
    $175,000

    LGBTQ Local Legal Protections

    Jennifer Fielding, Exp Realty
    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
    Copyright 2026, REALTOR® Association of Southern MN. All Rights Reserved.
    Last Updated: 2026-09-22 14:04:36 PDT

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    Frequently asked questions about 232nd St W

    • How big is 232nd St W?
      232nd St W in Faribault, MN is about 1.6 acres.
    • What is the price per acre for 232nd St W?
      232nd St W in Faribault, MN is listed at $175,000, or about $110K per acre.
    • What do residents say about Faribault?
      Residents describe Faribault, MN as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See homes for sale in Faribault, MN.
    • What are the closest schools to 232nd St W?
      The closest schools to 232nd St W in Faribault, MN are Faribault Middle School (rated 2/10), Faribault Senior High School (rated 4/10), Lincoln Elementary School (rated 6/10).
    232nd St W, Faribault, MN 55021 is a lot/land. This property is currently available for sale and was listed by RASM on May 23, 2026. The MLS # for this home is MLS# 7040384.