Financial
Distress signals
Property profile

1605 Heritage Dr Northfield, MN 55057

OFF-MARKET
Banks
Property ID
US46-1460119
12,593 SF 2.21 ac lot Built 2004
Last sale Apr 2004 · $500
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1605 Heritage Drive is a professional building configured to provide office and flex space suitable for business use, with interior space that can support up to approximately 4,500 square feet. The building is within a multi-use professional office setting associated with the Community Resource Bank, and the space is described as supporting professional office use with potential suitability for medical use. The property is positioned with frontage/exposure along busy Hwy 3,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$204k
Tax billed · 2024
Assessed value$6.12M
Assessed land$503k
Assessed improvement$5.62M
Effective rate3.33%

Value estimate

· Sep 2026
$570k
$513k – $627k
AI approach$570k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionRICE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.8
Hair Salon13.1
Spa & Massage12.2

Location

1605 Heritage Dr Northfield, MN 55057-3265
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
650 Professional, Northfield, MN 55057-2755 $950,000 Oct 2023 5,233 SF
610 Professional, Northfield, MN 55057-2755 $950,000 Oct 2023 4,680 SF
930 Hwy 3rd N, Northfield, MN 55057-1445 $180,000 Sep 2022 10,640 SF
108 7th E, Northfield, MN 55057-2556 $2,585,367 Sep 2022 3,666 SF
2350 Bridgewater, Northfield, MN 55057-1476 $1,344,000 Apr 2021 9,062 SF
142 2nd W, Northfield, MN 55057-1763 $586,000 Mar 2020 3,414 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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