Two-Tenant Office
7656 Design Rd Baxter, MN 56425
7656 Design Rd, Baxter, MN, 56425
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For Sale
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Two-tenant office building within a professional court, currently 100% occupied by Bolten & Menk and Hearing Life.
Property Size5,806 SF
Price / SF$154.84
Days on Market194
Property Features for 7656 Design Rd
General Information
- Standard status
- Active
- Size
- 5,806 SF
- Property subtype
- OFFICE
Listing agency
Close-Converse Commercial Properties
(218) 831-7510
Listed by
Christopher C. Close
(218) 831-7510
Source
Moodyscre
Added: Jan 8 Updated: Jul 21 at 3:09AM Checked: Jul 21 at 3:09AM
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
Investment Insights
Based on property information with market context.
This two-tenant office building is part of Design Drive Professional Court, a four-building professional office park. The property is currently 100% occupied by Bolten & Menk and Hearing Life. The buildings are described as well maintained within a manicured office park setting.
Located at 7656 Design Rd in Baxter, Minnesota, the professional court provides easy access and is situated between Hwy 371 and Golf Course Drive.
For investors or owner-users seeking an income-producing office asset, this offering provides an occupied, two-tenant configuration inside a multi-building office park.
Located at 7656 Design Rd in Baxter, Minnesota, the professional court provides easy access and is situated between Hwy 371 and Golf Course Drive.
For investors or owner-users seeking an income-producing office asset, this offering provides an occupied, two-tenant configuration inside a multi-building office park.
Key Highlights
- Two‑tenant office building within the Design Drive Professional Court
- Currently 100% occupied by Bolten & Menk and Hearing Life
- Part of a professional office park comprised of four buildings
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.5k | $18.00 |
| − Vacancy | −$16.7k | −$2.88 |
| EGI | $87.8k | $15.12 |
| − OpEx | −$21.9k | −$3.78 |
| NOI | $65.8k | $11.34 |
5,806 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$940.6K
$823.0K – $1.10M
NOI $65,840 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,282 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Two-tenant office building within a professional court, currently 100% occupied by Bolten & Menk and Hearing Life.
Where is this office units located?
The property is located at 7656 Design Rd Baxter, MN.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑tenant office building within the Design Drive Professional Court; Currently 100% occupied by Bolten & Menk and Hearing Life; Part of a professional office park comprised of four buildings
