Fairview Office Park Investment Opportunity

13760 Bluestem Court, Baxter, MN 56425

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For Sale

$699,000

Multi-tenant office building in Baxter, MN with investment potential.

Type:General Commercial

Property size:

4,500 SF

Price / SF:

$155/SF

HighLights

Multi‑tenant office building offering an investment opportunity.
Located in a thriving area with significant growth and economic development.
Space available for lease or owner occupancy.
Well‑maintained office building with potential for a great return on investment.
High traffic counts and easy access.
Existing tenants provide immediate income: Cornerstone Caregiving and Farm Bureau Financial Services.

We can help!

Listing Contact

Nate Grotzke

For Sale

$699,000

Multi-tenant office building in Baxter, MN with investment potential.

Type:General Commercial

Property size:

4,500 SF

Price / SF:

$155/SF

Added:: Oct 14, 2024
Days on Market:: 605
Last Refresh:: May 12 at 9:13 pm

Property Features for 13760 Bluestem Court

General Information

Standard status: Active
Size: 4,500 SF
Property subtype: General Commercial

Building Details

Year Built: 2006

We can help!

Listing Contact

Nate Grotzke

Listing agent Nate Grotzke

Listing office Close-Converse Commercial Prop

Listing date Oct 14, 2024

Source Xome

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All listing content including descriptions, pricing, images are the copyrighted material of Close-Converse Commercial Prop

HighLights

Multi‑tenant office building offering an investment opportunity.
Located in a thriving area with significant growth and economic development.
Space available for lease or owner occupancy.
Well‑maintained office building with potential for a great return on investment.
High traffic counts and easy access.
Existing tenants provide immediate income: Cornerstone Caregiving and Farm Bureau Financial Services.

Overview

Located in the Fairview Office Park along Hwy 210 in Baxter, this multi-tenant office building presents an investment opportunity. The property, with a building size of 4,500 square feet, currently houses three tenants and includes space available for lease or owner occupancy. The location is experiencing growth and economic development. The property is located in a conservation office park with driveways, parking, and landscaping, offering easy access and high traffic counts. Suite 100 is occupied by Cornerstone Caregiving and comprises 800 square feet. Suite 130 is leased to Farm Bureau Financial Services-Brett Carlson and consists of 1,450 square feet. Suite 150, encompassing 2,250 square feet, is currently available.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$81.0k	$18.00
− Vacancy	−$13.0k	−$2.88
EGI	$68.0k	$15.12
− OpEx	−$17.0k	−$3.78
NOI	$51.0k	$11.34

4,500 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$729.0K

$637.9K – $850.5K (±1% cap)

NOI $51,030 @ 7.0% cap · market cap 7.30%

Second Best

—

no second resolved use

Theoretical Best

Office A

$955.3K

$835.9K – $1.11M (±1% cap)

NOI $66,874 @ 7.0% cap · market cap 9.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Baxter
County: Crow Wing
State: Minnesota
Longitude: -94.2581774
Latitude: 46.3512614

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For sale
Office buildings
MN
Baxter
56425
13760 Bluestem Court

What type of property is this?

Office building - Multi-tenant office building in Baxter, MN with investment potential.

Where is this office building located?

The property is located at 13760 Bluestem Court Baxter, MN.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Multi‑tenant office building offering an investment opportunity.; Located in a thriving area with significant growth and economic development.; Space available for lease or owner occupancy.