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12235 323rd Street

Princeton, MN 55371

3 beds
2 baths
1,621 sqft
~31 acre lot
$894 per sqft
1910 build
– on site

Seize the chance to develop 31.39 acres of prime real estate annexed into the City of Princeton. This property is ready for transformation strategically located along a prominent frontage road, ensuring high visibility and accessibility for commercial development. Potential for 3 commercial lots with direct frontage road access, perfect for retail, office, or mixed-use development. Stunning man-made pond, framed by natural boulders and a fountain, offers an attractive centerpiece. 18 hole golf course backdrop, enhancing the property’s appeal and value. Infrastructure Readiness: Completed water delineation report, ensuring smoother planning and development processes. Endless Development Possibilities - Ideal for a wide range of uses, including retail center or mixed-use commercial spaces, a high-end residential community or housing development, recreational facilities and/or event centers, Investor Advantages with high growth potential in Princeton, a city on the rise with increasing demand for commercial and residential projects. Supportive city officials eager to see this property’s potential realized. Quick approvals approximately 90-120 days! A unique blend of natural aesthetics and functional layout, ensuring appeal to future buyers or tenants.

Listing courtesy of NORTHSTAR / Kellie Tabery / eXp Realty

Last checked: Checking… • Last updated Jun 10, 2025 •

MLS# 6717726 —

The Building

Year Built:

1910
New Construction:

false
Age Of Property:

115
Construction Materials:

Stucco
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

921.0000
Basement:

Block, Concrete, Partially Finished
Basement:

true
Foundation Area:

921
Manufactured Home:

No
Building Area Total:

1621
Above Grade Finished Area:

921
Below Grade Finished Area:

700

Interior

Fireplace:

true
Fireplaces Total:

1
Fireplace Features:

Brick, Family Room, Gas
Amenities:

Deck,Hardwood Floors,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Panoramic View,Walk-In Closet

Room Dimensions

Living Area:

1621

Location

Directions:

US-169 N, to exit onto County Rd 29 N/S Rum River Dr exit. Follow County Rd 29 N/S Rum River Dr to 323rd Ave NW in Princeton, trn on 323rd Ave N to arrive at destination.
Latitude:

45.5549126666
Longitude:

-93.5796659398

The Property

Parcel Number:

90000041300
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Features:

Irregular Lot, On Golf Course, Suitable for Horses, Many Trees
Lot Size Area:

31.39
Lot Size Dimensions:

Irregular
Lot Size SqFt:

1367348.4
Lot Size Units:

Acres
Lake Chain:

N
Road Frontage Type:

City Street
Farm Type:

Horse
Fencing:

None
Irrigation Source:

Pond
Water Source:

Well
Other Structures:

Additional Garage, Gazebo, Pole Building, Workshop
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

3314
Tax With Assessments:

3314.0000

Beds

Bedrooms Total:

3

Baths

Total Baths:

2
Bath Description:

3/4 Basement,Main Floor Full Bath
Full Baths:

1
Three Quarter Baths:

1

The Listing

Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air
Cooling:

Central Air

Utilities

Electric:

200+ Amp Service
Sewer:

Private Sewer, Tank with Drainage Field

Appliances

Appliances:

Central Vacuum, Cooktop, Dishwasher, Disposal, Dryer, Fuel Tank - Rented, Gas Water Heater, Water Filtration System, Water Osmosis System, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned

Schools

High School District:

Princeton

The Community

Pool Features:

None
Association:

false
Assessment Pending:

Unknown

Parking

Parking Features:

Carport, Covered, Detached, Gravel, Asphalt, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, Multiple Garages, RV Access/Parking, Storage
Garage Spaces:

6
Garage Dimensions:

20x20
Garage SqFt:

400

Monthly cost estimate

Asking price

$1,450,000

Expense	Monthly cost
Mortgage	$7,764
Taxes	$276
Insurance	$398
Utilities	$224 See report
Total	$8,662/mo.^*
	^*This is an estimate

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Walk Score®

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Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
6/9/25 Jun 9, 2025	Listed / Active	NORTHSTAR	$1,450,000

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This house located in Princeton, MN 55371 is currently for sale for $1,450,000. 12235 323rd Street is a 1,621 square foot house with 3 beds and 2 baths that has been on Estately for 9 days. This house is in the attendance area of North Elementary School, Princeton High School, South Elementary School, and Princeton Middle School.

Listing Courtesy of: NORTHSTAR and eXp Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.