440 Water Street
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About this home
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.
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Home facts
Facts & features
Interior
- Bathrooms
- 0
Property
- Waterfront
- Creek/Stream
- Lot size
- 4.8 acres
- Lot dimensions
- 816x669
- Parcel #
- 2231250005
- Zoning
- Business/Commercial,Residential-Multi-Family
Construction
- Property type
- Land
Utilities
- Utilities
- Broadband Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Private Septic Connected, Private Well Connected, Sewer Available, Phone Connected
Community & HOA
- HOA
- No HOA
- School district
- 659 - Northfield
- High school district
- Northfield
Financial & listing details
- Annual tax
- $5,068 (2025)
- Listed
- Feb 20, 2026
- Days on market
- 220
- Inclusions
- For Sale Sign
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
440 Water Street, Northfield, MN, 55057
Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
