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$1,775,000
Est. payment /mo
11.7 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Lot A Of Festler Sub
MLS Listing ID 7042035
Annual Tax Amount $2,025
Tax Year 2024
Contingent None
Lot Size 11.700 Acres
Lot Dimensions 557x920x556x920
Property Description
Exceptional Development Opportunity in the Heart of Northfield
This is a rare chance to acquire one of the last prime in-fill acreage properties within the Northfield city limits. Offering a beautiful blend of mature hardwood trees, wetlands, and seasonal wildlife, this site provides a unique natural setting while remaining centrally located and highly accessible.
The property's current N2-B zoning allows for a wide range of potential uses, making it well-suited for residential, mixed-use, or neighborhood commercial development. Possible concepts include apartment buildings, age-targeted or market-rate housing, townhome or villa-style residences, and select commercial or retail uses, subject to city approvals.
Located on the south side of Northfield along Division Street, between Spring Creek and Bridgewater Elementary Schools and Northfield Middle School, with Northfield High School directly across the street.
Zoning supports multiple residential and commercial options, allowing buyers to tailor a project that fits community needs and market demand.
The City of Northfield may offer Tax Increment Financing (TIF) for qualifying developments, potentially enhancing project feasibility. Buyers should confirm details directly with the City.
Seller financing is available, offering additional flexibility for qualified buyers.
This is a rare chance to acquire one of the last prime in-fill acreage properties within the Northfield city limits. Offering a beautiful blend of mature hardwood trees, wetlands, and seasonal wildlife, this site provides a unique natural setting while remaining centrally located and highly accessible.
The property's current N2-B zoning allows for a wide range of potential uses, making it well-suited for residential, mixed-use, or neighborhood commercial development. Possible concepts include apartment buildings, age-targeted or market-rate housing, townhome or villa-style residences, and select commercial or retail uses, subject to city approvals.
Located on the south side of Northfield along Division Street, between Spring Creek and Bridgewater Elementary Schools and Northfield Middle School, with Northfield High School directly across the street.
Zoning supports multiple residential and commercial options, allowing buyers to tailor a project that fits community needs and market demand.
The City of Northfield may offer Tax Increment Financing (TIF) for qualifying developments, potentially enhancing project feasibility. Buyers should confirm details directly with the City.
Seller financing is available, offering additional flexibility for qualified buyers.
Location
State MN
County Rice
Zoning Residential-Multi-Family,Other
Interior
Inclusions None
Fireplace No
Exterior
Fence None
Utilities Available Broadband Available, Electricity Available, Natural Gas Available, None Connected, Storm Sewer Available, Water Available
Waterfront Description Pond
Building
Lot Description Public Transit (w/in 6 blks), Infill Lot, Tree Coverage - Medium, Underground Utilities
Schools
School District Northfield
Others
Restrictions Open
Virtual Tour https://wellcomemat.com/embed/5c7n7892de481mi6u?mls=1
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Listed by Donavon DesMarais • Keller Williams Premier Realty Lake Minnetonka
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