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Property profile & analytics
OFF-MARKET
Land

1401 Division St Northfield, MN 55057

11.7 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 11.7 ac (509,652 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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