2 days on Rocket
#6762863, Listing office: Coldwell Banker Realty
$549,000 List price
440 Water St N Northfield, MN 55057
Land
Property details
About 440 Water St N
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.
Highlights
Home typeOther
StatusActive
MLS #6654901
WaterfrontCreek/Stream
Summary
- Waterfront: Creek/Stream
- List Price: $549,000
- HOA Amount: $0
- Annual Tax Amount: $5,294
- Tax Year: 2024
- Directions: From Hwy 3 go North and turn on East on Water Street.
- MLS Number: 6654901
- MLS Name: NORTHSTAR
- Office Name: Revival Commercial Real Estate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 04, 2021 | Home Sold | $265,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $337,500 | $5,294 |
| 2023 | $337,500 | $3,432 |
| 2022 | $313,000 | $3,990 |
| 2021 | $275,400 | $3,432 |
| 2019 | $213,400 | $3,306 |
| 2018 | $210,600 | $3,308 |
| 2017 | $199,000 | $3,172 |
History based on county public records data.
Nearby schools
8
Greenvale Park Elementary
Public District KG-5
0.6 mi
•500 Lincoln Pkwy
7
Sibley Elementary
Public District KG-5
1.4 mi
•1400 Maple St
5
Bridgewater Elementary
Public District KG-5
1.8 mi
•401 Jefferson Pkwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,333. Residents of Northfield, MN typically earn less than $<35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
52%
<35k
46%
35k-100k
1%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
19%
Single, with Kids
13%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
10%
12-17 yrs old
29%
18-34 yrs old
34%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Extreme Sports
Where do the neighbors shop?
Family Dollar
Burlington
Sam's Club
Where do the neighbors go to eat?
White Castle
Church's Chicken
Cicis Pizza
What do the neighbors drive?
Chevrolet
Oldsmobile
Pontiac
What do the neighbors listen to?
Rock
Urban Adult Contemporary- Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 440 Water St N
The listing price of 440 Water St N property is $549,000.
The property 440 Water St N is land located in Northfield, Minnesota, 55057.
Active Listing: 440 Water St N is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 440 Water St N are: Greenvale Park Elementary (GreatSchools Rating 8/10), Sibley Elementary (GreatSchools Rating 7/10), Bridgewater Elementary (GreatSchools Rating 5/10), Northfield Middle School (GreatSchools Rating 6/10), Boeckman Middle School (GreatSchools Rating 4/10), Cannon River STEM School (GreatSchools Rating 4/10), Northfield Area Learning Center (GreatSchools Rating 3/10), Northfield High School (GreatSchools Rating 7/10), Arcadia Charter School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $5,294 (source: MLS/based on county public records data).
The last sale was on March 4, 2021 for $265,000 (source: MLS/tax record).
This home is located at 440 Water St N in Northfield, MN and zip code 55057. Features: 0 bathroom. It has been listed on Rocket Homes since January 30, 2025 and is currently priced at $549,000.
In June 2025, from all listings sold in Northfield, MN there were more than 7 sold above asking price, over 6 sold below and more than 3 were sold right at the asked price. In June 2025 in Northfield, MN there were 16.1% more homes for sale than in May. In June 2025, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $374,450.
From Rocket Homes Real Estate and based on county public records data.