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    1401 Division St Northfield, MN 55057

    Sponsored
    For Sale
    $1,995,000

    Prime Northfield land, development potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11.7-acre commercial land parcel presents a rare opportunity within Northfield city limits. Located on Division Street South, between Spring Creek and Bridgewater Elementary Schools, and directly across from Northfield High School, this property boasts a highly desirable location. The land features established hardwoods, wetlands, and diverse wildlife. Zoned N2-B (Neighborhood General 2), it offers versatile development options, potentially including up to 100 units across various housing styles such as apartments (market-rate/55+), twin homes, single-family homes, and villas. Commercial and retail uses are also permitted. Seller financing is available. This in-fill acreage presents a unique chance to capitalize on Northfield's thriving community and strong schools. The property's size and zoning provide significant flexibility for a variety of development projects, making it an attractive investment for developers and builders seeking a prime location in a desirable Minnesota market. The convenient location near schools and established residential areas adds to its appeal. This is one of the last opportunities to acquire a property of this size and potential within the city limits.

    Property Features for 1401 Division St

    General Information

    Property type
    Land
    Lot Size
    509,652 SF

    HighLights

    • 11.7‑acre commercial land parcel in Northfield, MN.
    • Located on Division Street South, near schools.
    • N2‑B zoning allows for diverse development (up to 100 units: apartments, townhomes, single‑family homes, villas, commercial, retail).
    • Seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Rice
    State
    Minnesota
    Longitude
    -93.160692313223
    Latitude
    44.44342029959

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    FAQs

    What type of property is this?
    Land - Prime Northfield land, development potential
    Where is this land located?
    The property is located at 1401 Division St Northfield, MN.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: 11.7-acre commercial land parcel in Northfield, MN.; Located on Division Street South, near schools.; N2-B zoning allows for diverse development (up to 100 units: apartments, townhomes, single-family homes, villas, commercial, retail).
    Request Owner's contact information
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    Northfield, MN 55057
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    Realmo Value Estimation

    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.

    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.

    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
    1401 Division St Northfield, MN 55057
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