Prime Development Land in Northfield, MN Discover a unique investment opportunity with this approximately 5-acre parcel, ideal for multifamily development in Northfield, MN. Perfectly positioned close to schools, shopping, dining, and major highways, this property offers convenience and growth potential. - **Location:** Centrally located with easy access to amenities. - **Zoning:** N2-B – Neighborhood General - Ready for multifamily development. - **Utilities:** Water, sewer, electricity, and gas available at the site. New connections to water & sewer will need to be installed. - **Topography:** On high-ground - **Attractions:** Near St. Olaf and Carleton Colleges, downtown Northfield, and scenic parks. #### Development Potential: With a growing demand for quality housing, this land is perfect for apartments, townhomes, or condos. Northfield's thriving community, strong economy, and beautiful surroundings make this an ideal investment.
Property Details
Property Features
Listing Office:
Office Name: Revival Commercial Real Estate
Exterior Features
Exterior Information:
Waterfront: Creek/Stream
Other
Directions Information:
Directions: From Hwy 3 go North and turn on East on Water Street.
Price Information
Listing Price Info
Price Summary:
List Price: $599,000
Tax Information:
Annual Amount: $3,432
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Northfield, MN.
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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 04, 2021
Mar 04, 2021Home Sold
$265,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,432
$275,400
2019
$3,306
$213,400
2018
$3,308
$210,600
2017
$3,172
$199,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Greenvale Park Elementary
500 Lincoln Pkwy
Distance between this listing and this school0.60 miles
Public District Grades KG-5
7
/10
Sibley Elementary
1400 Maple St
Distance between this listing and this school1.41 miles
Public District Grades KG-5
5
/10
Bridgewater Elementary
401 Jefferson Pkwy
Distance between this listing and this school1.77 miles
Public District Grades KG-5
Nearby Schools
6
/10
Northfield Middle School
2200 Division St S
Distance between this listing and this school2.06 miles
Public District Grades 6-8
4
/10
Boeckman Middle School
800 Denmark Ave
Distance between this listing and this school11.77 miles
Public District Grades 6-8
4
/10
Cannon River STEM School
1800 14th St NE
Distance between this listing and this school11.81 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Northfield Area Learning Center
201 Orchard St S
Distance between this listing and this school0.66 miles
Public District Grades 6-12
7
/10
Northfield High School
1400 Division St S
Distance between this listing and this school1.39 miles
Public District Grades 9-12
9
/10
Arcadia Charter School
1719 Cannon Rd
Distance between this listing and this school2.15 miles
The neighbors living near this home have an average income of $32,333. Residents of Northfield, MN typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 440 Water St N
What is the listing price of this property?
The listing price of 440 Water St N property is $599,000.
What type of property is this?
The property 440 Water St N is land located in Northfield, Minnesota, 55057.
Is this property for sale now?
Active Listing: 440 Water St N is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,432 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 4, 2021 for $265,000. (source: MLS/tax record).
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This home is located at 440 Water St N in Northfield, MN and zip code 55057. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $599,000.
While more than 6 listings in Northfield, MN in October 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 9 were sold below. The inventory of homes for sale in Northfield, MN between September 2024 and October 2024 increased by 21.3%. In October 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $377,000.
From Rocket Homes Real Estate and based on county public records data.
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