Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Restaurant Building on Highway Title is generated by Realmo AI

    15115 Edgewood Dr, Baxter, MN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Restaurant building on a bustling highway corridor in Baxter, MN.

    Property size:
    6,802 SF
    Lot size:
    1.77 Acres
    Price / SF:
    $249/SF
    Added:
    Nov 3, 2025
    Days on Market:
    195
    Last Refresh:
    Apr 5 at 8:34 pm

    Property Features for 15115 Edgewood Dr

    General Information

    Standard status
    Active
    Size
    6,802 SF
    Lot size
    1.77 Acres

    We can help!

    Listing Contact
    Christopher C. Close

    Listing agent Christopher C. Close

    Listing office Close-Converse Commercial Properties

    Listing date Nov 3, 2025

    Source Moodyscre

    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

    • Fully‑equipped commercial kitchen with pizza oven.
    • Multiple stylish dining areas and a charming bar.
    • Located on the bustling Hwy 371 corridor in Baxter.
    • Former Prairie Bay building, a well‑known location.
    • Opportunity to establish a restaurant in a vibrant scene.
    • Pristine restaurant ready for a new chapter.

    Overview

    The former Prairie Bay building, a restaurant property located along the Hwy 371 corridor in Baxter, Minnesota, is available for purchase. The property, previously a local catering business, offers multiple dining areas, a bar with seating, and a commercial kitchen equipped with a pizza oven. The building has a total area of 6,802 square feet and is suitable for creating a dining experience or a culinary hub.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Law Firm Building Supply Real Estate Agency Big Box & Wholesale Store Spa & Massage Center Hair Salon Dental Office Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Firehouse Subs Northwoods Crossing — 15094 Dellwood Dr N Ste 102, Baxter, MN 56425

    Location Insight

    • Map
    • Local Demand
    City
    Baxter
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2449
    Latitude
    46.3706

    Nearby Similar for Sale

    • $599,900

      Versatile Commercial Building, Baxter, MN

      Versatile commercial building on nearly an acre, convenient location.
      7590 Design Road, Baxter, MN 56425
      View Details
    • $499,000
      4,576 SF

      Fully Occupied Baxter Industrial Building

      Industrial office building in Baxter Industrial Park, fully occupied.
      7771 College Rd, Baxter, MN 56425
      View Details
    • $549,000
      4,336 SF

      Versatile Industrial Office Building

      Industrial office building for sale or lease in Baxter, MN.
      7953 College Rd, Baxter, MN
      View Details
    • $1,300,000
      7,352 SF

      Baxter Retail/Warehouse Space For Lease

      Retail and warehouse space with highway visibility in Baxter, MN.
      8194 Fairview Rd, Baxter, MN
      View Details
    • $699,000
      2,250 SF

      Fairview Office Park Opportunity

      Multi-tenant office building in thriving Baxter location for lease.
      13760 Bluestem Ct, Baxter, MN
      View Details
    • $699,000
      4,500 SF

      Fairview Office Park Investment Opportunity

      Multi-tenant office building in Baxter, MN with investment potential.
      13760 Bluestem Court, Baxter, MN 56425
      View Details
    • $699,000
      4,500 SF

      Office Investment Opportunity in Baxter

      Multi-tenant office building for sale in thriving Baxter location.
      13760 Bluestem Court, Baxter, MN 56425
      View Details
    • $2,092,000
      6,000 SF

      Retail Property in Baxter, MN

      Retail property available for sale in Baxter, Minnesota.
      14230 Dellwood Dr N, Baxter, MN
      View Details
    • $2,041,920
      6,000 SF

      Retail Space in Growing Baxter

      Retail space in a fast-growing community near Brainerd.
      14230 Dellwood Dr, Baxter, MN 56425
      View Details
    • Contact for pricing
      5,000 SF

      Office Space in Fairview Park

      Office space for lease in a thriving business park.
      Bluestem Ct, Baxter, MN
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant building on a bustling highway corridor in Baxter, MN.
    Where is this restaurant located?
    The property is located at 15115 Edgewood Dr Baxter, MN.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Fully‑equipped commercial kitchen with **pizza oven**.; Multiple stylish dining areas and a charming bar.; Located on the bustling Hwy 371 corridor in Baxter.
    (218) 831-7510 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher C. Close
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15115 Edgewood Dr, Baxter, MN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!