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$199,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.014 Acres
  • Updated 4 hours ago
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Rare Opportunity in Historic Downtown Northfield - Commercial Condo for Sale. Experience timeless charm and modern functionally in this unique lower-level commercial condo located in a stunning limestone building in the heart of historic downtown Northfield. Exterior stairs provide direct access to the unit, which showcases beautifully exposed limestone walls, in-floor heat, forced air heating and central air conditioning, creating an inviting industrial-inspired atmosphere with exceptional character and appeal. The flexible layout features a spacious main area, private office and additional storage space, making it well-suited for a variety of business uses including retail, fitness or yoga studio, professional office, healthcare practice, creative workspace and more. Shared common entry and restroom facilities add convenience and efficiency. Please note there is no water service with the unit itself. Bene from the prestige, visibility and energy of a prime location in one of Minnesota's most charming and desirable historic districts. Whether you are an entrepreneur, investor or established business owner, this is a rare opportunity to own a distinctive commercial space in vibrant downtown Northfield.

Full Property Details for 500 Division Street W #2

General

  • Price: $199,900
  • Taxes: $2,486 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7074200
  • Updated: Today (5/14/2026)
  • Added to Site: Today

Interior

  • Appliances: None
  • Flooring: Concrete Slab, Wood

Additional Information

  • Amenities: Hardwood Floors, Natural Woodwork

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Rice
  • Township: Northfield
  • Subdivision: Holland 22363 Un 01&2 Cic 70
  • Driving Directions: Highway 3 to east on 5th Street W, to right on Division Street S. Building is on the corner of Division St and 5th Street

School Information

  • School District: 659 - Northfield
  • High School District: Northfield

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air, Zoned
  • Heating Type: Boiler, Forced Air, In-Floor Heating
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Shared Septic
  • Water: None
  • Utility Description: Electric Common, Electric Separate, Heating Separate

Structural Information

  • Exterior Const.: Brick, Stone
  • Basement: Yes
  • Foundation Size: 627
  • Ceiling Height: 8-10
  • Disability Access: None
  • Current Bldg. Use: Professional/Office, Office, Professional Service, Vacant
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.014
  • Lot Dimensions: common
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Potential Use: Office, Retail, Shop
  • Zoning: Business/Commercial
  • Lot Description: Corner Lot

Financial Considerations

  • Tax Amount: $2,486
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: Broadband, Electricity, See Remarks
  • Pays Electric: Owner Pays

Disclosures and Reports

  • Legal Description: UNIT #2 CIC #70 A CONDOMINIUM HOLLAND BUILDING
  • Property ID: 2206228002
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 500 Division Street W #2 —

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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 500 Division Street W #2

School District:Northfield Public School District
NameGradesDistance
Spring Creek Elementary School
1400 Maple Street, Northfield, MN 55057
K-50.8 mi
Northfield Middle School
2200 Division Street South, Northfield, MN 55057
6-81.4 mi
Northfield Senior High School
1400 Division Street South, Northfield, MN 55057
9-120.7 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 500 Division Street W #2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/14/2026
Listed
$199,900
70.85%
MLS
8/03/2016
Sold
$117,000
—
Public Record
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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 500 Division Street W #2

Year
Property Taxes
Change
Tax Assessment
Change
2026
$3,182
—
$182,200
3%
2026
$3,182
33%
$176,600
5%
2024
$2,396
29%
$168,500
—
2023
$1,858
—
$168,500
26%
2021
$1,858
-16%
$133,500
-13%
2023
$2,200
25%
$152,900
64%
2020
$1,756
13%
$93,500
17%
2019
$1,550
17%
$79,600
23%
2018
$1,322
35%
$64,900
28%
2017
$976
-31%
$50,800
-36%
2016
$1,424
—
$79,000
—
2015
$1,418
2%
$79,000
5%
2014
$1,390
-2%
$75,500
—
2013
$1,416
—
$75,500
—
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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500 Division Street W #2, Northfield, MN 55057 (MLS# 7074200) is a Commercial property. 500 Division Street W #2 is currently listed for $199,900 and was received on May 14, 2026. This property is listed by Todd Jorgensen from our South Regional Office.Want to learn more about 500 Division Street W #2? 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.

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