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Northfield, MN 55057

$199,900

Located on the busiest corner in Northfield - Division and 5th

Good visibility yet a semi-private entrance

Attractive stairway to garden style level

Therapy Office, massage, medical - Virtually enhance and staged

Yoga Studio - Virtually enhance and staged

Conduct training or business meetings with the space - Virtually enhance and staged

Run your small business with a private office to the back - Virtually enhance and staged

Professional office space with room to collaborate with private office at the back - Virtually enhance and staged

Use the space to gather, to connect or to celebrate - Virtually enhance and staged

Holiday or entertainment space - Virtually enhance and staged

You could use the space to cater events - Virtually enhance and staged

Could be used as a wedding reception or formal event - Virtually enhance and staged

Most cocktail parties/events/etc. - Virtually enhance and staged

Formal entertainment or client parties - Virtually enhance and staged

Property Type: Commercial Lot Size (sq. ft.): 436 Status: Active

Current Price: $199,900 List Date: 5/14/2026 Last Modified: 7/13/2026

Overview

Description

Rare Opportunity in Historic Downtown Northfield – Business Condo for Sale - located on one of the busiest intersections in Northfield at the corner of 500 Division St. S. and 101 5th St. W. !!! Bring your vision to life in this one-of-a-kind business condo nestled within a beautifully preserved limestone building in the heart of historic downtown Northfield. Rich in character and architectural appeal, this distinctive lower-level space showcases exposed limestone walls, warm industrial design elements, in-floor heat, and an atmosphere that is both timeless and contemporary. Accessed by a private exterior stairway, the flexible floor plan includes a spacious open-concept gathering area, a private office, additional storage, and shared common entry and restroom facilities. Whether you're an entrepreneur, investor, or established business owner, this space offers exceptional versatility. Envision a boutique event venue, cocktail lounge, private dining space, corporate meeting center, c ... (Read more)

Listing Details MLS# 7074200

General Property Information

Lot Measurement: Acres
Management Company Name: Holland Building Condo Association
Multiple PIDs?: No
Waterfront YN: 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

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 – Business Condo for Sale - located on one of the busiest intersections in Northfield at the corner of 500 Division St. S. and 101 5th St. W. !!! Bring your vision to life in this one-of-a-kind business condo nestled within a beautifully preserved limestone building in the heart of historic downtown Northfield. Rich in character and architectural appeal, this distinctive lower-level space showcases exposed limestone walls, warm industrial design elements, in-floor heat, and an atmosphere that is both timeless and contemporary. Accessed by a private exterior stairway, the flexible floor plan includes a spacious open-concept gathering area, a private office, additional storage, and shared common entry and restroom facilities. Whether you're an entrepreneur, investor, or established business owner, this space offers exceptional versatility. Envision a boutique event venue, cocktail lounge, private dining space, corporate meeting center, creative studio, professional office, wellness practice, fitness or yoga studio, or an inspiring coworking environment. The dramatic architecture and unique aesthetic create an unforgettable setting that can elevate virtually any business concept. Located in one of Minnesota's most beloved downtown districts, you'll enjoy the prestige, walkability, and energy of Northfield's vibrant business community. With forced-air heating and air conditioning complementing the comfortable in-floor heat, this property is designed for year-round comfort. Opportunities to own a commercial space with this much character, flexibility, and potential are exceptionally rare. If you're looking to create something truly memorable, this is your chance to make your mark in one of the region's most desirable downtown destinations.
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

Last Updated: July - 13 - 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.