500 Division Street W, #2, Northfield, MN 55057

New Listing
$199,900
Property Type: Commercial Lot Size (sq. ft.): 436 Status: Active
Current Price: $199,900 List Date: 5/14/2026 Last Modified: 5/14/2026

Overview

Description

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.

Listing Details MLS# 7074200

General Property Information

Lot Measurement
Acres
Management Company Name
Holland Building Condo Association
Multiple PIDs?
No
Waterfront Present
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
627
Management Company Phone
507-649-0898
For Sale or Lease
For Sale
Acres
0.01
Lot Dimensions
common
Assessment Pending
No
Other Parking Spaces
0
Garage Stalls
0

Property Features

Accessible: None Air Conditioning: Central Air; Zoned Amenities Shared: Other Amenities Unit: Hardwood Floors; Natural Woodwork Appliances: None Assumable Loan: Not Assumable CMU Style: Mixed Use Construction Materials: Brick; Stone Construction Status: Previously Owned Current Use: Business Service; Office; Professional Service; Vacant Exterior: Brick/Stone Fencing: None Flooring: Concrete Slab; Wood Foundation: Stone Fuel: Natural Gas Heating: Boiler; Forced Air; In-Floor Heating Loan Terms: Cash; Conventional Location Description: Downtown Lot Description: Corner Lot On Site Utilities: Electric Common; Electric Separate; Heating Separate Owner Pays: Broadband; Electricity; See Remarks Potential Use: Office; Retail; Shop Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Sewer: Shared System Wall Description: Drywall; Other/See Remarks; Wood Water: None

Contract Information

Contingency
None
ListPrice
199900
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
500
Street Name
Division
Street Suffix
Street
Street Direction Suffix
W
Unit Number
#2
Postal City
Northfield
County
Rice
State
MN
Zip Code
55057
Complex/Dev/Subdivision
Holland 22363 Un 01&2 Cic 70

Assessments

Tax With Assessments
2486
Assessment Balance
0

Building Information

Building Finished SqFt
627
Ceiling Height
8-10

More Information

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SPAAR

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Other

Unit 1

No. of 1 Bedroom Units
Yes

Unit Details

Total Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
UNIT #2 CIC #70 A CONDOMINIUM HOLLAND BUILDING
Listing City
Northfield
Map Page
219
Municipality
Northfield
School District
Northfield
School District Phone
507-663-0629
County Abbreviation
#2
Zip Plus 4
5052
Property ID Number
2206228002
Tax Year
2025
Tax Amount
2486
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
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

Accessible

None
Yes

Air Conditioning

Central Air
Yes
Zoned
Yes

Amenities Shared

Other
Yes

Amenities Unit

Hardwood Floors
Yes
Natural Woodwork
Yes

Appliances

None
Yes

Assumable Loan

Not Assumable
Yes

Construction Materials

Brick
Yes
Stone
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes

Fencing

None
Yes

Flooring

Concrete Slab
Yes
Wood
Yes

Foundation

Stone
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes
Forced Air
Yes
In-Floor Heating
Yes

Lot Description

Corner Lot
Yes

Owner Pays

Broadband
Yes
Electricity
Yes
See Remarks
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes
Storm Sewer
Yes
Street Lights
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

Shared System
Yes

Wall Description

Drywall
Yes
Other/See Remarks
Yes
Wood
Yes

Water

None
Yes

No. of Ranges

None
Yes

No. of Refrigerators

None
Yes

On Site Utilities

Electric Common
Yes
Electric Separate
Yes
Heating Separate
Yes

CMU Style

Mixed Use
Yes

Current Use

Business Service
Yes
Office
Yes
Professional Service
Yes
Vacant
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Location Description

Downtown
Yes

Potential Use

Office
Yes
Retail
Yes
Shop
Yes
Listing Office: Coldwell Banker Realty
IDX
Last Updated: May - 14 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.