Date
Details
Price
Change
Source
6/17/2026
Listed
$1,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/23
$1,650,000 Just Listed
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1/23
Property 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.
Full Property Details
Full Property Details for 429 Division St S
General
- Price: $1,650,000
- Taxes: $36,638 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7093064
- Updated: 6/18/2026
- Added to Site: 2 day(s) ago
Interior
- Appliances: Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
- Flooring: Carpet, Floor Drains
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Additional Information
- Amenities: Balcony, Ceiling Fan(s), City View, Deck, Ethernet Wired, Local Area Network, Multiple Phone Lines, Paneled Doors, Panoramic View, Security System, Security Lights
Exterior
- Porch/Patio/Deck: Awning(s), Composite Decking
Parking
- Parking Features: Electric Vehicle Charging Station(s), Off Site, On-Street Parking Only, Parking Lot, Paved Lot
Location
- County: Rice
- Township: Northfield
- Subdivision: City/Northfield
- Driving Directions: South on 35W - East on State Highway 19 to Central Downtown Northfield. Property on the corner of 5th Street and Division Street
School Information
- School District: 659 - Northfield
- High School District: Northfield
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air, Window Unit(s), Zoned
- Heating Type: Boiler, Forced Air, Hot Water, Zoned
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected, City Sewer in Street
- Water: City Water (Connected), City Water (In-Street)
- Utility Description: Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate
Structural Information
- Exterior Const.: Brick, Frame
- Basement: Yes
- Foundation Size: 5985
- Roof: Age Over 8 Years, Pitched, Rubber
- Ceiling Height: Varied Heights
- Disability Access: Doors 36"+, Grab Bars In Bathroom, Hallways 42"+, Door Lever Handles
- Square Feet: 18,523
- Finished Down/Base.: 18,523 Sq. Ft.
- Current Bldg. Use: Professional/Office, Commercial, Office, Professional Service, Residential, Retail
- Year Built: 1865
Unit Information
- Units w/Refrigerators: 4
Lot Features
- Lot Size (Acres): 6,930
- Lot Dimensions: 66 x 105
- Frontage: City Street, Paved Streets, Sidewalks, Street Lights, Storm Sewer
- Potential Use: Office, Other, Professional Service, Retail, Income
- Zoning: Business/Commercial
- Lot Description: Public Transit (w/in 6 blks), Corner Lot, Property Adjoins Public Land, Light Tree Coverage, Zero Lot Line
Financial Considerations
- Operating Expenses: $75,900
- Tax Amount: $36,638
- Tax Year: 2026
- Terms: Conventional, Cash
- Owner Pays: Common Area Maintenance, Gas, Heat, Insurance, Repairs, Management, Security, Sewer, Snow Removal, See Remarks, Taxes, Trash Collection, Water
- Tenant Pays: Electricity, Gas, Heat, Hot Water, See Remarks
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Heat: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Tenant Pays
Disclosures and Reports
- Legal Description: ORIG TOWN L10 BLK 33 EX E59FT, Rice County
- Inclusions: Building, Business, Fixture/Equipment, Land, Leases, Other, Rental License
- Property ID: 2206225038
Listed by DF & Company, Inc
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— 429 Division St S —
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NMLS#: 1598647
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Schools
Schools serving 429 Division St S
School District:Northfield Public School District
| Name | Grades | Distance |
|---|---|---|
Spring Creek Elementary School 1400 Maple Street, Northfield, MN 55057 | K-5 | 0.8 mi |
Northfield Middle School 2200 Division Street South, Northfield, MN 55057 | 6-8 | 1.4 mi |
Northfield Senior High School 1400 Division Street South, Northfield, MN 55057 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 429 Division St S
Tax History
Tax History for 429 Division St S
Year
Property Taxes
Change
Tax Assessment
Change
2026
$36,998
—
$1,182,200
—
2026
$36,998
29%
$1,182,100
13%
2024
$28,660
11%
$1,050,600
—
2023
$25,842
—
$1,050,600
17%
2021
$25,842
-6%
$894,400
-8%
2023
$27,592
11%
$971,400
19%
2020
$24,924
-1%
$817,100
2%
2019
$25,126
-2%
$803,000
1%
2018
$25,604
40%
$799,000
38%
2017
$18,246
-11%
$580,000
-1%
2016
$20,430
—
$583,200
—
2015
$20,494
-3%
$583,200
—
2014
$21,110
-7%
$583,200
-5%
2013
$22,722
—
$613,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 429 Division St S
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429 Division Street S, Northfield, MN 55057 (MLS# 7093064) is a Commercial property. 429 Division Street S is currently listed for $1,650,000 and was received on June 17, 2026. Want to learn more about 429 Division Street S? Do you have questions about finding other Commercial real estate for sale in Northfield? You can browse all Northfield real estate or contact a Coldwell Banker agent to request more information.