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Office Investment Opportunity in Baxter

13760 Bluestem Court, Baxter, MN 56425

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For Sale

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Multi-tenant office building for sale in thriving Baxter location.

Type:Office, Land

Property size:

4,500 SF

Price / SF:

$155/SF

HighLights

Multi‑tenant office building in a thriving location with significant growth.
Investment opportunity with potential for high return on investment.
Space available for lease or owner occupancy.
Located in Fairview Office Park along Hwy 210 in Baxter.
Well‑manicured property with landscaping.
Built in 2006.

We can help!

Listing Contact

Chris Close, CCIM

For Sale

Contact for pricing

Multi-tenant office building for sale in thriving Baxter location.

Type:Office, Land

Property size:

4,500 SF

Price / SF:

$155/SF

Added:: Oct 17, 2024
Days on Market:: 602
Last Refresh:: May 13 at 8:21 pm

Property Features for 13760 Bluestem Court

General Information

Standard status: Active
Size: 4,500 SF
Property subtype: Office, Land

Building Details

Year Built: 2006

We can help!

Listing Contact

Chris Close, CCIM

Listing agent Chris Close, CCIM License #MN 20286846

Listing office Close-Converse Commercial Properties

Listing date Oct 17, 2024

Source Crexi

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 Properties

HighLights

Multi‑tenant office building in a thriving location with significant growth.
Investment opportunity with potential for high return on investment.
Space available for lease or owner occupancy.
Located in Fairview Office Park along Hwy 210 in Baxter.
Well‑manicured property with landscaping.
Built in 2006.

Overview

Located in the Fairview Office Park along Hwy 210 in Baxter, this multi-tenant office building presents an investment opportunity. The property, which contains 4,500 square feet, currently houses three tenants, with space available for lease or owner occupancy. Situated in a location experiencing growth and economic development, the well-maintained office building offers potential for return on investment. The conservation office park features driveways, parking, and landscaping, with easy access and high traffic counts.

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 for sale in thriving Baxter location.

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 in a thriving location with significant growth.; Investment opportunity with potential for high return on investment.; Space available for lease or owner occupancy.