For Sale: Northfield MLS# 7042035
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Property Description
Exceptional Development Opportunity in the Heart of Northfield
This is a rare chance to acquire one of the last prime in-fill acreage properties within the Northfield city limits. Offering a beautiful blend of mature hardwood trees, wetlands, and seasonal wildlife, this site provides a unique natural setting while remaining centrally located and highly accessible.
The property’s current N2-B zoning allows for a wide range of potential uses, making it well-suited for residential, mixed-use, or neighborhood commercial development. Possible concepts include apartment buildings, age-targeted or market-rate housing, townhome or villa-style residences, and select commercial or retail uses, subject to city approvals.
Located on the south side of Northfield along Division Street, between Spring Creek and Bridgewater Elementary Schools and Northfield Middle School, with Northfield High School directly across the street.
Zoning supports multiple residential and commercial options, allowing buyers to tailor a project that fits community needs and market demand.
The City of Northfield may offer Tax Increment Financing (TIF) for qualifying developments, potentially enhancing project feasibility. Buyers should confirm details directly with the City.
Seller financing is available, offering additional flexibility for qualified buyers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,875,000
Property Type:
Lot/Land
City:
Northfield
County:
Rice
State:
MN
Property Style:
Lot/Land
Zip Code:
55057
Subdivision Name:
Lot A Of Festler Sub
Exterior
Fencing:
None
Road Responsibility:
Public Maintained Road
Road Frontage:
City Street
Lake & Waterfront
Waterfront:
Pond
Lot & Land
Acres:
11.7
Geolocation:
44.4435463053, -93.1598029842
Inclusions:
None
Lot Dimensions:
557 x 920 x 556 x 920
Restrictions:
Open
Zoning:
- Other
- Residential-Multi-Family
Lot Description:
- Infill Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
- Underground Utilities
Farm
Topography:
Level
Schools
School District:
2151
District Phone:
5076630629
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,025
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,025
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Development Status:
Raw Land
Improvements:
Public Road, Sidewalks
Available Utilities:
- Broadband Available
- Electricity Available
- Natural Gas Available
- None Connected
- Storm Sewer Available
- Water Available
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty Lake Minnetonka.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.