23442 Cates Ave, Faribault, MN 55021 Property Records

Rice County property record for 23442 Cates Ave, Faribault, MN 55021

Property Summary

Property Type	Clubs, Lodges, Professional Associations
Details	2,800 sqft · built 1996
Lot Size	61 acres (2,657,160 sqft)
Owner	Company Name on Record
Last Sale	$195,000 (Jun 2015)
Tax Bill	$8,490 (2026)
Deeds & Mortgages	Oct 2019 Mortgage Dec 2018 Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`15.16.2.75.001`

Property Details

APN / Parcel Number

Primary APN	`15.16.2.75.001`

Interior

Stories	1 Story
Building Area	2,800 sqft Gross Area
Basement Area	2,800 sqft
Unfinished Basement	2,800 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1996
Effective Year Built	Effective 1996
Lot Area	2,657,160 sqft (61 acres)

Location & Zoning

Street Address	23442 CATES AVE
City	FARIBAULT
State	MN
Zip	55021-8362
Property Category	Commercial
Property Type	Commercial > Retail > Clubs, Lodges, Professional Associations
Legal Description	LOTS 13 14 15 & 16 ST SUB NW4 & SW4 NW4 WH LIES E STRAIGHT RIV & L2 ST SUB SW4 & N2 NW4 SW4 WH LIES E RIV
Legal Range	020
Legal Township	109
Legal Section	16
Legal Subdivision	ST SUB
Legal Lot Number	13-16
Jurisdiction	RICE MN
Township / Civil Division	WALCOTT
Census Block Group	4
Census Block	4031
Census Tract	70400

Owner

Source: Rice County records, as of June 8, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	12280 NICOLLET AVE, 103, BURNSVILLE, MN 55337-1999
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Oct 17, 2019	Deed of Trust, Mortgage STATE BK/FARIBAULT
Dec 28, 2018	Deed of Trust, Mortgage · Line of Credit STATE BK/FARIBAULT

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 12, 2015 · Amount on Record
Deed Sale	Jun 12, 2015 · Amount on Record
Prior Sale	Mar 24, 2009 · Amount on Record
Deed Document Number	2015372441
Record Updated	Sep 20, 2026

October 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	RICE MN
Property Address	23442 CATES AVE, FARIBAULT, MN 55021-8362
Document Number	0000720623
Instrument Date	Oct 17, 2019
Transaction Type	Mortgage
Record Updated	Nov 1, 2019
Title Company	NOT AVAILABLE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	12280 NICOLLET AVE #103 BURNSVILLE MN 553371999, 103, BURNSVILLE, MN 55337-1999

Mortgage

Document Number	0000720623
Date	Oct 18, 2019
Instrument	720623

Lender

Name	STATE BK/FARIBAULT
Type	Bank
Address	FARIBAULT, MN 55021

Agreement

Amount	Amount Recorded
Term	36 Months
Due	Oct 17, 2022

Interest

Rate	2%

December 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	RICE MN
Property Address	23442 CATES AVE, FARIBAULT, MN 55021-8362
Document Number	0000713221
Instrument Date	Dec 28, 2018
Transaction Type	Mortgage
Record Updated	Jan 17, 2019

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	12280 NICOLLET AVE #103 BURNSVILLE MN 553371999, 103, BURNSVILLE, MN 55337-1999

Mortgage

Document Number	0000713221
Date	Jan 3, 2019
Instrument	713221

Lender

Name	STATE BK/FARIBAULT
Type	Bank
Address	FARIBAULT, MN 55021-5217

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	84 Months
Due	Jan 2, 2026

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Rice County assessment roll, as of June 8, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Rice County
County Subdivision	Walcott Township
Unified School District	Medford Public School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$8,490.00 (+11.1%)	$726,600 (+2.76%) Land $425,100 Building $301,500	$726,600 (+2.76%) Land $425,100 Building $301,500
2025		$707,100 (+10.12%) Land $425,100 Building $282,000	$707,100 (+10.12%) Land $425,100 Building $282,000
2024	$7,642.00 (-3.7%)	$642,100 (-) Land $398,600 Building $243,500	$642,100 (-) Land $398,600 Building $243,500
2023	$7,936.00	$642,100 Land $398,600 Building $243,500	$642,100 Land $398,600 Building $243,500

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective April 14, 2022

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 60% of Minnesota
Wildfire Likelihood	0.02% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 7 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Verizon Fixed Wireless	300 / 20
Starlink Satellite	280 / 30
Midco Fixed Wireless	100 / 20
CenturyLink DSL	80 / 10

May also be available: AT&T, GigFire, Metronet.

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