Office Building on Multiple
For Sale
$575,000
7072 Fairview Road, Baxter, MN 56425
Configured with private offices, reception, a kitchen, and additional lower-level storage.
Property Size1,632 SF
Lot Size5.40 Acres
Price / SF$352.33
Days on Market12
Property Features for 7072 Fairview Road
General Information
Standard status
Active
Size
1,632 SF
Lot size
5.40 Acres
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
Highway Access
Yes
Land Use
commercial
Property Use
Office
Taxes and HOA fees
Annual Taxes
$8,018
Building Details
Building Size
1,632 SF
Year Built
1950
Stories
2
Units
1
Listing Agency:
Keller Williams Realty Professionals
Listed By:
Joe Laudenbach
(218) 851-5540
Source:
Getyoumoved
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 29 at 10:56PM
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 Keller Williams Realty Professionals
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Investment Insights
Based on property information with market context.
This 1,632-square-foot office building, constructed in 1950, has a main-level reception area, two private offices, a kitchen, and a bathroom. The lower level provides storage and a quarter bath. Business/Commercial zoning applies to the property.
The site comprises 5.4 acres divided among four parcels at 7072 Fairview Road in Baxter, Minnesota. Highway 371 and Highway 210 are identified as nearby access corridors.
The site comprises 5.4 acres divided among four parcels at 7072 Fairview Road in Baxter, Minnesota. Highway 371 and Highway 210 are identified as nearby access corridors.
Key Highlights
- 1,632‑square‑foot office building constructed in 1950
- 5.4 acres across four separate parcels
- Main level includes reception, two private offices, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,507
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,140
$370.1K
Cap Rate 7%
$264,386
$264.4K
Cap Rate 9%
$205,633
$205.6K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$29.4K $18.00/SF
− Vacancy
−$4.7K −$2.88/SF
EGI
$24.7K $15.12/SF
− OpEx
−$6.2K −$3.78/SF
NOI
$18.5K $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%
$370,140
Cap Rate 7%
$264,386
Cap Rate 9%
$205,633
Alternative Uses
Best Use
Office B
$264.4K
$231.3K – $308.5K
NOI $18,507 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.5K
$303.2K – $404.2K
NOI $24,253 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
412
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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Configured with private offices, reception, a kitchen, and additional lower-level storage.
Where is this office building located?
The property is located at 7072 Fairview Road Baxter, MN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,632‑square‑foot office building constructed in 1950; 5.4 acres across four separate parcels; Main level includes reception, two private offices, kitchen, and bathroom
