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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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429 Division St S , Northfield, MN 55057
$1,650,000
Est. Payment: $8,524.68/mo
5 Bed
3 Bath
18523 Sqft
Status: Active | Days on site: 1
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40355 - 505002852
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Paul R Smith , 612-685-0605 DF & Company, Inc , 651-242-5814. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale
Lot/Acreage
0.16

Year Built

1865

County

Rice

 Neighborhood

City/Northfield

 School District

Northfield

Listing ID

7093064

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:
Appliances:Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
Air Cond:Central Air,Window Unit(s),Zoned
Fireplaces:
Other:
  • ▪ Additional: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 Features

Lot:Public Transit (w/in 6 blks),Corner Lot,Property Adjoins Public Land,Tree Coverage - Light,Zero Lot Line
Lot Dimensions:66x105
Zoning:Business/Commercial
Roof:Age Over 8 Years,Pitched,Rubber
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
Principal Interest
$8,525
Taxes
$3,053

Home Price

$1,650,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$330,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,524.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,524.68 $3,053.17 $0.00 $11,577.84
Yearly $102,296.10 $36,638.00 $0.00 $138,934.10
Total $3,068,883.07 $1,099,140.00 $0.00 $4,168,023.07
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Northfield, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-06T06:58:06.000Z

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