Minneapolis · Commercial sale
Vacant land at 5125 Schaefer Rd in Edina sells for $2.25 million
A vacant land at 5125 Schaefer Rd, Edina sold for $2,250,000 on October 7, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $2,250,000
- Sold
- October 7, 2026
- Property type
- Vacant land
- Lot size
- 101,930 sq ft
The vacant land at 5125 Schaefer Rd in Edina sold for $2,250,000 on October 7, 2026, according to the Certificate of Real Estate Value filed with the Minnesota Department of Revenue. The last sale before this one on record was $2,440,000 in 2022.
The Assessor's records list the parcel as vacant land measuring 101,930 square feet. They list its market value as $1,865,000. No building appears in those records.
The Certificate names Rindi A. Rolfing, as Trustee of the Rindi A. Rolfing Revocable Trust Agreement, dated May 15, 2015 as the seller. It names Steven A. Schumeister, as Trustee of the Ryan Mountain Revocable Trust u/a/d October 1, 2026, and any amendments thereto as the buyer.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Hennepin County?
By our estimate, the seller's two largest charges, not counting prorations, were $7,650 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $4,912.50 for the owner's title insurance policy. Who pays what follows Hennepin County custom.
How much did the seller net?
By our estimate, the seller netted about $2,230,279. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $2,244,183 at closing. That covers the full price and closing costs.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1930560. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
