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Build-to-Suit Retail Space
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118 Water Street N, Northfield, MN 55057

High windows bring natural light into a flexible commercial interior suited to a range of business uses.

Space SizeContact for details
Days on Market5

Property Features for 118 Water Street N

General Information

Standard status Active
Zoning Business/Commercial
Lease Type NNN

Taxes and HOA fees

Annual Taxes $38,020

Building Details

Year Built 2024
Units 2
Listing Agency: Trekk Properties
Listed By: Lecia Marie Rasmussen
Source: Getyoumoved
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 26 at 4:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trekk Properties

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Investment Insights

Based on property information with market context.

This 2024 retail space offers a build-to-suit interior with high windows that bring natural light into the space. The property is zoned Business/Commercial, and the available configuration can support retail, restaurant, or office use.

Located at 118 Water Street N in Northfield, the space is available for lease. Photos are virtually staged.

Key Highlights

  • Build‑to‑suit retail space
  • High windows provide natural light
  • Business/Commercial zoning

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Electrical Service HVAC Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,101
Businesses Nearby
99k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 42% Dining 33% Groceries 18% Hotels & Casinos 3%
Kwik Trip Shops & Services
30,293 visits/mo 0.5 miles
Family Fare Groceries
17,468 visits/mo 0.4 miles
Taco Bell Dining
11,539 visits/mo 0.3 miles
Caribou Coffee Dining
8,737 visits/mo 0.4 miles
Holiday Station Store Shops & Services
6,655 visits/mo 0.0 miles

Demographics for 55057, MN

25,519
Population
8,494
Households
3
Avg Household Size
34
Median Age
49%
College-Educated
97%
High-School Grad
124.7 sq mi
ZIP Area
205
Density / Sq Mi
$97,521
Median Household Income
$27,507
Median Earnings
$1,042
Median Rent
$338,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Retail space - High windows bring natural light into a flexible commercial interior suited to a range of business uses.
Where is this retail space located?
The property is located at 118 Water Street N Northfield, MN.
What are key features of this property?
This property features: Build‑to‑suit retail space; High windows provide natural light; Business/Commercial zoning
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