Multi-Tenant Office
For Sale
$699,000
13760 Bluestem Ct, Baxter, MN 56425
2006 office property with landscaped grounds, on-site parking, and convenient access along Hwy 210.
Property Size4,500 SF
Price / SF$155.33
Days on Market88
Property Features for 13760 Bluestem Ct
General Information
Standard status
Active
Size
4,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
3
Building Details
Year Built
2006
Building Size
4,500 SF
Tenancy
Multi
Listing Agency:
Close-Converse Commercial Prop
Listed By:
Nate Grotzke · License #20450114
(218) 828-3334
Source:
Bradadamrealty
Added: Jul 21
Changed: Oct 7
Last Checked: Oct 7 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Close-Converse Commercial Prop
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Investment Insights
Based on property information with market context.
This 4,500 SF office building at Fairview Office Park contains three suites with a mix of occupied and available space. Suite 100 measures 800 SF and is occupied by Cornerstone Caregiving, while Suite 130 provides 1,450 SF for Farm Bureau Financial Services-Brett Carlson. The 2,250 SF Suite 150 is available for lease or owner occupancy.
Located at 13760 Bluestem Ct in Baxter, the property includes driveways, parking, and landscaped grounds with access to Hwy 210. Built in 2006, the office asset offers a flexible configuration for continued multi-tenant use or a combination of occupancy and leasing.
Located at 13760 Bluestem Ct in Baxter, the property includes driveways, parking, and landscaped grounds with access to Hwy 210. Built in 2006, the office asset offers a flexible configuration for continued multi-tenant use or a combination of occupancy and leasing.
Key Highlights
- 4,500 SF office building at Fairview Office Park
- Three‑suite configuration with occupied and available space
- 2,250 SF Suite 150 available for lease or owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,030
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,600
$1.0M
Cap Rate 7%
$729,000
$729.0K
Cap Rate 9%
$567,000
$567.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$81.0K $18.00/SF
− Vacancy
−$13.0K −$2.88/SF
EGI
$68.0K $15.12/SF
− OpEx
−$17.0K −$3.78/SF
NOI
$51.0K $11.34/SF
Area
Crow Wing County, MN
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,600
Cap Rate 7%
$729,000
Cap Rate 9%
$567,000
Alternative Uses
Best Use
Office B
$729.0K
$637.9K – $850.5K
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
NOI $66,874 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 56425, MN
8,584
Population
3,898
Households
2.2
Avg Household Size
41
Median Age
38%
College-Educated
97%
High-School Grad
18.3 sq mi
ZIP Area
469
Density / Sq Mi
$71,294
Median Household Income
$45,777
Median Earnings
$1,115
Median Rent
$299,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 2006 office property with landscaped grounds, on-site parking, and convenient access along Hwy 210.
Where is this office building located?
The property is located at 13760 Bluestem Ct 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: 4,500 SF office building at Fairview Office Park; Three‑suite configuration with occupied and available space; 2,250 SF Suite 150 available for lease or owner occupancy
