$ 1,650,000
-
$1,650,000
Price -
5
Bed -
3
Bath -
18,523
SqFt -
0.16
Acre
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About the Listing 40355 - 505002852
Agent is Owner. Welcome to Historic downtown Northfield. This property is located at the gateway to the Central Downtown or the Corner of Division Street and 5th Street or Directly East of the Historic Cannon River Area. Property is a three-story multi-tenant building with on street parking on 5th Street, Washington Street and Large Public City parking adjoining the property to the east. The building has been lovingly renovated over the 35 years by current ownership including 100% tuckpointed brick exterior, Carlisle membrane roof system with added roof insulation on exterior and interior. Plumbing services updated throughout as well as sewer piping to the street. The electric is a 1200 amp multi-meter system and the heat and cooling zoned with newer condensers and newer boilers. The building features large Marvin Windows on the exterior with interior transit windows in corridors for natural light. Historic trim had remained intact, but steel framed solid core paneled doors with window glass for marketing. Also, solid panel oak added to meet fire code. High ceilings with modern LED lighting. All units renovated and updated overall span of ownership. The retail service areas are on Division Street with three retail spaces. On 5th Street mid entry for potential subdivided rental area and to the rear additional storage area, entry to another potential subdivided area and one lofted apartment. Building has a 5th street directory to second level professional offices with bathrooms and coffee center. This same area includes a historic staircase to third level apartments and professional artist center with large lounge and bathroom area. Many long-term tenants dating back 30 + years. Very healthy mix of retail, service, professional office, apartments and professional office. This building is only offered for sale due to owner’s retirement and relocation. The building has been 100% occupied short of change over due to owner’s desire to update or renovate areas when opportunity was created. Wonderful 1031 exchange opportunity for many. Interested parties can request a marketing package with more details and history.
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances: Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
- Air Cond: Central Air,Window Unit(s),Zoned
- Heating: Boiler,Forced Air,Hot Water,Zoned,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other: Balcony,Ceiling Fan(s),City View,Deck,Ethernet Wired,Local Area Network,Multiple Phone Lines,Paneled Doors,Panoramic View,Security System,Security Lights
- Water: City Water/Connected,City Water - In Street
Exterior Details
- Lot Description: Public Transit (w/in 6 blks),Corner Lot,Property Adjoins Public Land,Tree Coverage - Light,Zero Lot Line
- Garage Capacity: N/A
- Lot Dimensions: 66x105
- Zoning: Business/Commercial
- Roof: Age Over 8 Years,Pitched,Rubber
- Others:
- Sewer: City Sewer/Connected,City Sewer - In Street
- Parking Features: Electric Vehicle Charging Station(s),Off Site,On-Street Parking Only,Parking Lot,Paved Lot
Financial Details
- Tax Amount: $36,638
- Taxes w/Assessments: N/A
- Tax/Property ID: 2206225038
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
429 Division St S Northfield, MN 55057
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