$479,999
440 Water Street N Northfield, MN 55057 - Cannon River
For Sale MLS# 7024205
4.80 Acres Lot/Land
Details for 440 Water Street N
MLS# 7024205
Description for 440 Water Street N, Northfield, MN, 55057 - Cannon River
Prime Development Land in Northfield, MNDiscover 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.
Listing Information
Property Type: Lot/Land
Status: Active
Lot Size: 4.80 Acres
County: Rice
Days On Market: 123
School Information
District: 659 - Northfield
Utilities
Other Utilities: Broadband Connected,Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Private Septic Connected,Private Well Connected,Sewer Available
Exterior / Lot Features
Lot Dimensions: 816x669
Zoning: Business/Commercial,Residential-Multi-Family
Topography: Scattered Timber, High Ground, Hilly, Ravine
Additional Exterior/Lot Features: Raw Land, Land Inclusions - For Sale Sign
Waterfront Details
Standard Water Body: Cannon River
DNR Lake ID: S9990753
Water Front Features: Creek/Stream
Driving Directions
From Hwy 3 go North and turn on East on Water Street.
Financial Considerations
Covenants/Deed Restrictions: Easements, Easements-Utility, Minimum Lot Size - 4.80
Tax/Property ID: 2231250005
Tax Amount: 5068
Tax Year: 2025
HomeStead Description: Non-Homesteaded
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 440 Water Street N
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 440 Water Street N
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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