429 Division Street S,Northfield, MN 55057
Northfield, MN 55057
Description
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.
Details
| MLS # | 7093064 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1865 |
| Days On Site | 66 |
| Listing Provided By | DF & Company, Inc | Paul R Smith |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 18,523 |
| Units | 25 |
| Zoning | Business/Commercial |
| Acreage | 0.16 |
Interior
| Cooling | Central Air, Window Unit(s), Zoned |
|---|---|
| Heating | Boiler, Forced Air, Hot Water, Zoned |
| Appliances | Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator |
Exterior
| Roof | Age Over 8 Years, Pitched, Rubber |
|---|---|
| Construction Materials | Brick, Frame |
| Lot Features | Public Transit (w/in 6 blks), Corner Lot, Property Adjoins Public Land, Tree Coverage - Light, Zero Lot Line |
Parking
| Parking Features | Electric Vehicle Charging Station(s), Off Site, On-Street Parking Only, Parking Lot, Paved Lot |
|---|
Utilities
| Utilities | Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate |
|---|
Taxes
| Property | 36638 |
|---|
Area Information
| State | MN |
|---|---|
| County | Rice |
| City | Northfield |
| Zip Code | 55057 |
| Community Name | City/Northfield |
| School District | 659 |
| High School | Northfield |
| Listing VS Median (in City/Northfield) | |
Price: $1,650,000 low | high Med: $510,000 sqft: 18,523 low | high Med: 2,439 $ / sqft: $89 low | high Med: $209 On site: 66 low | high Med: 107 | |
Market Activity 55057
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Rice |
| City | Northfield |
| Zip Code | 55057 |
| Community Name | City/Northfield |
| School District | 659 |
| High School | Northfield |
| Listing VS Median (in City/Northfield) | |
Price: $1,650,000 low | high Med: $510,000 sqft: 18,523 low | high Med: 2,439 $ / sqft: $89 low | high Med: $209 On site: 66 low | high Med: 107 | |