Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hwy 19 & I-35 Northfield, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    134.50 acres with access and visibility to Interstate 35.

    Type:LAND
    Lot size:
    134.50 Acres
    Added:
    Sep 26, 2022
    Days on Market:
    1307
    Last Refresh:
    Apr 5 at 8:39 pm

    Property Features for Hwy 19 & I-35

    General Information

    Standard status
    Active
    Lot size
    134.50 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Tom Sullivan

    Listing agent Tom Sullivan

    Listing office Colliers

    Listing date Sep 26, 2022

    Source Moodyscre

    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 Colliers

    Overview

    134.50 Acres Development Site

    The property consists of 134.50 acres, equivalent to 5,858,820 square feet, and is zoned AG: Agricultural. It is located at the northwest quadrant of Interstate 35 and Highway 19 in Northfield, Minnesota, approximately 37 miles from the Twin Cities. The site offers access and visibility to Interstate 35, which has a traffic volume of 42,019 vehicles per day. The 2025 taxes are $12,974.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Northfield
    County
    Rice
    State
    Minnesota
    Longitude
    -93.1616
    Latitude
    44.4583

    Nearby Similar for Sale

    • $15

      Downtown Northfield Office Space

      Professional office space in a vibrant downtown location.
      710 Division Street S, Northfield, MN 55057
      View Details
    • $1,875,000

      Northfield Development Opportunity on Division

      Prime in-fill acreage suitable for residential or commercial development.
      Division Street S, Northfield, MN 55057
      View Details
    • $150,000

      Land in Hazelwood Creek Estates

      2.86 acres of land in Hazelwood Creek Estates subdivision.
      8858 298th Court W, Greenvale Twp, MN 55057
      View Details
    • $236,000

      New Commercial Garage Condos

      New commercial garage condos designed for business and personal use.
      1371 Armstrong Road, Northfield, MN 55057
      View Details
    • $155,000

      Northfield Acreage for Sale

      6.76 acre lot in Hazelwood Creek Estates subdivision.
      8882 298th Court W, Northfield, MN 55057
      View Details
    • $899,787

      Northfield Commercial/Industrial Land Parcel

      9.27 acre commercial/industrial land parcel in Northfield, Minnesota.
      Outlot Honeylocust, Northfield, MN 55057
      View Details
    • $5,399,999
      67,930 SF

      Industrial Warehouse with Crane Systems

      High-performing industrial warehouse with modern office space on 6.3 acres.
      1800 Riverview Dr, Northfield, MN
      View Details
    • Contact for pricing
      1,100 SF

      Retail/Office Space on Highway 3

      Prime retail/office space with high visibility and traffic.
      660 Professional Drive, Northfield, MN 55057
      View Details
    • Contact for pricing

      Northfield Commercial Land Opportunity

      Commercial land available in Northfield, Minnesota, with development potential.
      Northfiels, MN 55057
      View Details
    • $170,000

      Land For Sale

      Land available in Northfield, Minnesota.
      8858 298th Court W, Northfield, MN 55057
      View Details
    • Contact for pricing

      I-35 Frontage Commercial Land

      Commercial land with full I-35 access and visibility.
      I-35 & Millersburg Blvd, Northfield, MN
      View Details

    FAQs

    What type of property is this?
    Land - 134.50 acres with access and visibility to Interstate 35.
    Where is this land located?
    The property is located at Hwy 19 & I-35 Northfield, MN.
    What are key features of this property?
    This property features: 134.50 Acres Available for Large Development; Superb Access and Visibility to Interstate 35 (42,019 vpd); Located within 37 Miles of the Twin Cities
    (952) 797-4307 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tom Sullivan
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!