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$1,650,000

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.

5 Beds ⋅ 3 Baths ⋅ 7093064 MLS

429 Division Street S, Northfield

Listing courtesy of DF & Company, Inc.

$199,900

Rare Opportunity in Historic Downtown Northfield – Business Condo for Sale - located on one of the busiest intersections in Northfield at the corner of 500 Division St. S. and 101 5th St. W. !!! Bring your vision to life in this one-of-a-kind business condo nestled within a beautifully preserved limestone building in the heart of historic downtown Northfield. Rich in character and architectural appeal, this distinctive lower-level space showcases exposed limestone walls, warm industrial design elements, in-floor heat, and an atmosphere that is both timeless and contemporary. Accessed by a private exterior stairway, the flexible floor plan includes a spacious open-concept gathering area, a private office, additional storage, and shared common entry and restroom facilities. Whether you're an entrepreneur, investor, or established business owner, this space offers exceptional versatility. Envision a boutique event venue, cocktail lounge, private dining space, corporate meeting center, creative studio, professional office, wellness practice, fitness or yoga studio, or an inspiring coworking environment. The dramatic architecture and unique aesthetic create an unforgettable setting that can elevate virtually any business concept. Located in one of Minnesota's most beloved downtown districts, you'll enjoy the prestige, walkability, and energy of Northfield's vibrant business community. With forced-air heating and air conditioning complementing the comfortable in-floor heat, this property is designed for year-round comfort. Opportunities to own a commercial space with this much character, flexibility, and potential are exceptionally rare. If you're looking to create something truly memorable, this is your chance to make your mark in one of the region's most desirable downtown destinations.

7074200 MLS

101 5th Street W Unit #2, Northfield

Listing courtesy of Coldwell Banker Realty.