Flex Space with
For Sale
$1,300,000
6.34 AC Fairview Road, Baxter, MN 56425
Commercial Sale, Baxter, MN
Property Size16,545 SF
Lot Size6.34 Acres
Price / SF$78.57
Days on Market279
Property Features for 6.34 AC Fairview Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Parking Lot, Covered
High school district
Brainerd
Directions
From Hwy 210/371 intersection in Baxter - East on Hwy 210 - North on Baxter Drive - Immediate West on Fairview Road - Property is on the North, just after Conservation Drive
Standard status
Active
APN
40050631
Lot size
6.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19960
Utilities
Heating system
Forced Air, Space Heater
Cooling system
Central Air
Building Details
Year built
1971
Building materials
Block, Steel
Roof type
Metal
Listing Agency:
Close-Converse Commercial Prop
(218) 828-3334
Listed By:
Chris Close · License #20286846
(218) 831-7510
Added: Jan 6
Changed: Oct 8
Last Checked: Oct 12 at 2:06AM
MLS# 7005587
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 16,545-square-foot flex property combines a retail showroom with warehouse and shop areas. Indoor and outdoor display areas provide additional space for presenting merchandise or equipment. The building dates to 1971 and has block and steel construction with a metal roof. Heating is provided by forced air and space heaters, while central air conditioning serves the building. On-site parking includes both a parking lot and covered spaces.
The property is on Fairview Road in Baxter, with frontage along Hwy 210 noted for visibility and traffic exposure. The land area is described inconsistently, so no acreage is stated.
The property is on Fairview Road in Baxter, with frontage along Hwy 210 noted for visibility and traffic exposure. The land area is described inconsistently, so no acreage is stated.
Key Highlights
- 16,545 SF building with showroom, warehouse, and shop areas
- Indoor and outdoor display areas
- Located on Fairview Road with Hwy 210 visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,714
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,354,280
$2.4M
Cap Rate 7%
$1,681,629
$1.7M
Cap Rate 9%
$1,307,933
$1.3M
Market Conditions
NOI Build-Up for 16,545 SF
Gross rent
$144.1K $8.71/SF
− Vacancy
−$5.6K −$0.34/SF
EGI
$138.5K $8.37/SF
− OpEx
−$20.8K −$1.26/SF
NOI
$117.7K $7.11/SF
Area
Crow Wing County, MN
Vacancy
3.90%
Lease Rate
$8.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,354,280
Cap Rate 7%
$1,681,629
Cap Rate 9%
$1,307,933
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,432 @ 7.0% cap · market cap 11.80%
Second Best
Flex RnD
$2.17M
$1.90M – $2.53M
NOI $151,958 @ 7.0% cap · market cap 11.69%
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,872 @ 7.0% cap · market cap 18.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- The Chameleon Culinary Co. — 619 sw 5th st, brainerd, mn 56401
Frequently Asked Questions
What type of property is this?
Flex space - A combination of customer-facing display areas and warehouse and shop space supports varied commercial operations.
Where is this flex space located?
The property is located at 6.34 AC Fairview Road Baxter, MN.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 16,545 SF building with showroom, warehouse, and shop areas; Indoor and outdoor display areas; Located on Fairview Road with Hwy 210 visibility
