429 Division ST S, Northfield, MN 55057
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429 Division ST S, Northfield, MN 55057
429 Division ST S, Northfield, MN 55057
429 Division ST S, Northfield, MN 55057
429 Division ST S, Northfield, MN 55057
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Northstar Real Estate Associates

Northstar Real Estate Associates

+1(651) 398-7653
$ 1,650,000
Est. payment /mo
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429 Division ST S Northfield, MN 55057

5 Beds

3 Baths

6,930 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision City/Northfield

MLS Listing ID 7093064

Bedrooms 5

Year Built 1865

Annual Tax Amount $36,638

Tax Year 2026

Contingent None

Lot Size 6930.000 Acres

Lot Dimensions 66x105

Property Description

Agent is Owner. Welcome to Historic downtown Northfield. This property is located at the gateway to the Central Downtown or the Corner of Division Street and 5th Street or Directly East of the Historic Cannon River Area. Property is a three-story multi-tenant building with on street parking on 5th Street, Washington Street and Large Public City parking adjoining the property to the east. The building has been lovingly renovated over the 35 years by current ownership including 100% tuckpointed brick exterior, Carlisle membrane roof system with added roof insulation on exterior and interior. Plumbing services updated throughout as well as sewer piping to the street. The electric is a 1200 amp multi-meter system and the heat and cooling zoned with newer condensers and newer boilers. The building features large Marvin Windows on the exterior with interior transit windows in corridors for natural light. Historic trim had remained intact, but steel framed solid core paneled doors with window glass for marketing. Also, solid panel oak added to meet fire code. High ceilings with modern LED lighting. All units renovated and updated overall span of ownership.
The retail service areas are on Division Street with three retail spaces. On 5th Street mid entry for potential subdivided rental area and to the rear additional storage area, entry to another potential subdivided area and one lofted apartment. Building has a 5th street directory to second level professional offices with bathrooms and coffee center. This same area includes a historic staircase to third level apartments and professional artist center with large lounge and bathroom area. Many long-term tenants dating back 30 + years. Very healthy mix of retail, service, professional office, apartments and professional office. This building is only offered for sale due to owner's retirement and relocation. The building has been 100% occupied short of change over due to owner's desire to update or renovate areas when opportunity was created. Wonderful 1031 exchange opportunity for many. Interested parties can request a marketing package with more details and history.

Location

State MN

County Rice

Zoning Business/Commercial

Rooms

Family Room Community Room

Basement None

Interior

Heating Boiler, Forced Air, Hot Water, Zoned

Cooling Central Air, Window Unit(s), Zoned

Flooring Carpet, Floor Drains

Inclusions Building, Business, Fixture/Equipment, Land, Leases, Other, Rental License

Fireplace No

Appliance Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator

Exterior

Parking Features Electric Vehicle Charging Station(s), Off Site, On-Street Parking Only, Parking Lot, Paved Lot

Fence None

Utilities Available Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate

Roof Type Age Over 8 Years,Pitched,Rubber

Present Use Professional/Office,Commercial,Office,Professional Service,Residential,Retail

Building

Lot Description Public Transit (w/in 6 blks), Corner Lot, Property Adjoins Public Land, Tree Coverage - Light, Zero Lot Line

Story Three Or More

Foundation 5985

Sewer City Sewer/Connected, City Sewer - In Street

Water City Water/Connected, City Water - In Street

Level or Stories Three Or More

Structure Type Brick,Frame

New Construction false

Schools

School District Northfield

Listed by Paul Smith • DF & Company, Inc
Northstar Real Estate Associates

Northstar Real Estate Associates

Broker | License ID: 20407750

+1(651) 398-7653

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429 Division ST S