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$479,999 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 4.8 Acres
  • Updated 3 hours ago
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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.

Full Property Details for 440 Water St N

General

  • Price: $479,999
  • Taxes: $5,068 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7024205
  • Updated: Today (2/20/2026)
  • Added to Site: Today

Location

  • County: Rice
  • Township: Northfield
  • Driving Directions: From Hwy 3 go North and turn on East on Water Street.

School Information

  • School District: 2151 - Northfield
  • High School District: Northfield

Utilities

  • Utility Description: Broadband Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Private Septic Connected, Private Well Connected, Sewer Available, Phone Connected

Lot Features

  • Lot Size (Acres): 4.8
  • Lot Dimensions: 816 x 669
  • Development Status: Raw Land
  • Zoning: Business/Commercial, Residential-Multi-Family

Water Features

  • Water Front Desc.: Creek/Stream

Financial Considerations

  • Tax Amount: $5,068
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: CAP 535FT N OF SW COR SW4 NW4 TH S476FT TH SELY TO WLY LI R/W RR TH NELY ALG WLY LI R/W TO PT E OF POB TH W TO POB EX BAP 59FT N & 50FT SE OF SW COR SW4 NW4 TH SE TO R/W RR AT RIGHT ANGLES 263FT TH NELY ALG R/W 42FT TH NW265FT TO BEG
  • CC&Rs: Yes
  • Restrictions: Open
  • Inclusions: For Sale Sign
  • Property ID: 2231250005

Listed by Revival Commercial Real Estate

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— 440 Water St N —

  • Revival Commercial Real Estate

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 440 Water St N

School District:Northfield Public School District
NameGradesDistance
Spring Creek Elementary School
1400 Maple Street, Northfield, MN 55057
K-51.4 mi
Northfield Middle School
2200 Division Street South, Northfield, MN 55057
6-82 mi
Northfield Senior High School
1400 Division Street South, Northfield, MN 55057
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 440 Water St N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Listed
$479,999
81.13%
MLS
2/22/2021
Sold
$265,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 440 Water St N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,116
-3%
$300,400
-11%
2024
$5,294
54%
$337,500
—
2023
$3,432
—
$337,500
23%
2021
$3,432
-32%
$275,400
-12%
2023
$5,068
53%
$313,000
47%
2020
$3,306
—
$213,400
1%
2019
$3,308
4%
$210,600
6%
2018
$3,172
-2%
$199,000
4%
2017
$3,248
-1%
$191,700
5%
2016
$3,266
2%
$182,600
2%
2015
$3,190
6%
$179,100
9%
2014
$3,018
6%
$163,800
8%
2013
$2,860
—
$151,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Revival Commercial Real Estate

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440 Water Street N, Northfield, MN 55057 (MLS# 7024205) is a Lots/Land property with a lot size of 4.8 acres. 440 Water Street N is currently listed for $479,999 and was received on February 20, 2026. Want to learn more about 440 Water Street N? Do you have questions about finding other Lots/Land real estate for sale in Northfield? You can browse all Northfield real estate or contact a Coldwell Banker agent to request more information.

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