Listing Agency: RE/MAX Advantage Plus e***@therealestateadvantage.com Show Phone

Listed By: Eric Frank · License #MN 20412028

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Aug 8 at 3:05PM

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Investment Insights

Based on property information with market context.

This mixed-use quadplex is described as being in fantastic condition and offers flexible configuration for a range of uses. The property includes four residential units, which are currently occupied, and the residential interiors are described as luxurious. The improvements were built with easy transformation in mind, and additional units could be added if desired, alongside commercial possibilities.

Located at 1405 Heritage Drive in Northfield, Minnesota, the asset is positioned for buyers seeking a property that can be adapted over time while maintaining existing residential income.

With four occupied residential units and an orientation toward conversion, this property provides an adaptable ownership setup without requiring the buyer to start from scratch.

Key Highlights

• 4 residential units are currently occupied
• Property designed for easy transformation to other uses
• Has residential and commercial possibilities based on intended transformable layout

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Garden Center Carpet & Flooring Store Computer & Electronic Repair Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

466

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four residential units are currently occupied, and the property is designed for easy transformation to other uses.

Where is this quadplex located?

The property is located at 1405 Heritage Drive Northfield, MN.

What are key features of this property?

This property features: 4 residential units are currently occupied; Property designed for easy transformation to other uses; Has residential and commercial possibilities based on intended transformable layout