Carol Pech,Broker
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.
Property Features
Property Type: Commercial - Retail
Cooling: Central Air, Window Unit(s), Zoned
Fuel Type: Natural Gas
Heating: Boiler, Forced Air, Hot Water, Zoned
Lot Size: 0.16 Acres
Roof Type: Age Over 8 Years, Pitched, Rubber
Stories: 3.0
Taxes: $36,638
Year Built: 1865
Feature Descriptions
Appliances: Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
Basement: None
Current Use: Professional/Office, Commercial, Office, Professional Service, Residential, Retail
Days on Site: 96
Exterior: Brick, Frame
Foundation Size: 5985
Handicap Accessible: Doors 36+, Grab Bars In Bathroom, Hallways 42+, Door Lever Handles
Lot: Public Transit (w/in 6 blks), Corner Lot, Property Adjoins Public Land, Tree Coverage - Light, Zero Lot Line
Lot Dimensions: 66x105
Owners Expense: Common Area Maintenance, Gas, Heat, Insurance, Repairs, Management, Security, Sewer, Snow Removal, See Remarks, Taxes, Trash Collection, Water
Parcel#: 2206225038
Parking: Electric Vehicle Charging Station(s), Off Site, On-Street Parking Only, Parking Lot, Paved Lot
Road Frontage: City Street, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Sale Includes: Building, Business, Fixture/Equipment, Land, Leases, Rental License
Sewer: City Sewer/Connected, City Sewer - In Street
Shared Rooms: Community Room
Tenant Expenses: Electricity, Gas, Heat, Hot Water, See Remarks
Units: 25
Utilities: Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate
Water: City Water/Connected, City Water - In Street
Local Schools
School District: Northfield
Listed By / Shown By
Listed By
Agency Name: DF & Company, Inc
Agency Phone: 651-242-5814
Shown By
Agent Name: Carol Pech, Broker
Agent Phone: (612) 720-0336
Agency Title: Counselor Realty
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429 Division Street S | MLS# 7093064
This commercial property located at 429 Division Street S, Northfield, MN 55057 is currently listed for sale with an asking price of $1,650,000. Division Street S is located within the Northfield school district. Search Northfield real estate on cpech.counselorrealty.com today.