XXXX Division Street S Northfield, MN 55057 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 propertyâs 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.
Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: 1775000
Original List Price: 1875000
ListPrice: 1775000
List Date: 2026-03-24
Owner is an Agent?: No
Auction?: No
General Property Information
Comp Sale YN: No
Development: No
Drainage: Good
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Waterfront Present: No
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Other
Lot Dimensions: 557x920x556x920
Acres: 11.7
Assessment Pending: No
Location Tax and Other Information
House Number: XXXX
Street Name: Division
Street Suffix: Street
Street Direction Suffix: S
Postal City: Northfield
County: Rice
State: MN
Zip Code: 55057
Complex/Dev/Subdivision: Lot A Of Festler Sub
Assessments
Tax With Assessments: 2025
Builder Information
Builder Restrictions: Open
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Property Features
Assumable Loan: Not Assumable
Available Utilities: Broadband Available; Electricity Available; Natural Gas Available; None Connected; Storm Sewer Available; Water Available
Development Status: Raw Land
Existing Financing: Free and Clear
Fencing: None
Improvements: Public Road; Sidewalks
Land Inclusions: None
Lot Description: Infill Lot; Public Transit (w/in 6 blks); Tree Coverage - Medium; Underground Utilities