Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    State Highway 371 Baxter, MN 56401

    Sponsored
    For Sale
    $1,500,000

    30 Acres, Prime Hwy 371 Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional 29.9-acre commercial land parcel presents a remarkable investment opportunity along the heavily trafficked Highway 371 corridor in Brainerd, Minnesota. Situated just north of the Brainerd International Raceway, this property boasts approximately 1,716 feet of frontage on Highway 371, providing unparalleled visibility and accessibility. The land is zoned C-2, permitting a wide range of commercial developments, including retail, storage facilities, warehouses, and outdoor display areas. The property's dimensions are approximately 1,716’ x 198’ x 431’ x 687’ x 225’ x 341’ x 220’ x 776’ x 679’, with access points from both Highway 371 and White Gables Road. While the property includes approximately 6.2 acres of wetlands, the substantial remaining acreage offers ample space for significant development. The asking price is $1,500,000. The property's legal description includes APN numbers 99140712, 99140713, 99140714, 99140716, 99140728, and 99140731. Note that the final property layout and configuration are subject to Crow Wing County approval, and 2022 real estate taxes will be determined following parcel reconfiguration and platting. This prime location and versatile zoning make this an ideal site for a variety of commercial ventures. Don't miss this chance to acquire a significant piece of commercial real estate in a thriving area.

    Property Features for 0 State Highway 371

    General Information

    Property type
    Land
    Lot Size
    1,302,444 SF

    HighLights

    • Address: Hwy 371, Brainerd, MN 56401
    • Directions: 6.5 miles north of Baxter Hwy 371/Hwy 210 intersection on Hwy 371's east side, south of White Gables Rd.
    • Lot Size: Approx. 29.9 acres (6.2 acres wetlands)
    • Lot Dimensions: Approx. 1,716' x 198' x 431' x 687' x 225' x 341' x 220' x 776' x 679'
    • Highway Frontage: Approx. 1,716' on Hwy 371
    • Access: Hwy 371 and White Gables Road
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Baxter
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2674035
    Latitude
    46.3175633

    Nearby Similar for Sale

    • $1,695,000

      Retail Space Near Target

      NNN property in Brainerd Lakes Area with corporate guarantee.
      7626 Clearwater Rd, Baxter, MN 56425
      View Details
    • $2,800,000
      14,801 SF

      Retail Strip Center Investment Opportunity

      Office/retail strip center near major retailers in Baxter, Minnesota.
      13495 Elder Dr S, Baxter, MN 56425
      View Details
    • $3,700,000
      19,811 SF

      Premier Retail and Office Center

      Prime investment opportunity in Baxter Village with established tenants.
      15670-15674 Edgewood Dr N, Baxter, MN 56401
      View Details
    • $1,700,000
      6,802 SF

      Former Restaurant Building on Highway

      Restaurant building on a bustling highway corridor in Baxter, MN.
      15115 Edgewood Dr, Baxter, MN 56401
      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 56425
      View Details
    • Contact for pricing
      15,300 SF

      Baxter Office Space For Lease

      Highway 210, Flexible Lease Options
      14084 Baxter Dr, Baxter, MN 56425
      View Details
    • $699,000
      5,806 SF

      Baxter Office Building - Design Drive

      Prime Baxter office space, turnkey & convenient.
      7658 Design Rd, Baxter, MN 56425
      View Details
    • $699,000
      4,500 SF

      Baxter Office Building Investment

      High-growth area, multi-tenant office.
      13760 Bluestem Ct, Baxter, MN 56425
      View Details
    • $699,000
      4,500 SF

      Executive Office Building in Baxter, MN

      4,500 SF Office Building, NNN Lease
      13760 Bluestem Ct, Baxter, MN 56425
      View Details
    • $2,092,000
      6,000 SF

      Baxter Retail Center Investment

      6,000 SF Retail Center, High Traffic Area
      14230 Dellwood Dr, Baxter, MN 56425
      View Details
    • $169,000
      4,500 SF

      Baxter Creative Office Space

      4,500 SF Office Building Site
      0 Bluestem Ct, Baxter, MN 56425
      View Details
    • $695,000
      5,567 SF

      Baxter Commercial Property

      Versatile 5,567 SF Office/Warehouse
      7837 Excelsior Rd, Baxter, MN 56425
      View Details

    FAQs

    What type of property is this?
    Land - 30 Acres, Prime Hwy 371 Location
    Where is this land located?
    The property is located at State Highway 371 Baxter, MN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Address: Hwy 371, Brainerd, MN 56401; Directions: 6.5 miles north of Baxter Hwy 371/Hwy 210 intersection on Hwy 371's east side, south of White Gables Rd.; Lot Size: Approx. 29.9 acres (6.2 acres wetlands)
    Request Owner's contact information
    State Highway 371 Baxter, MN 56401
    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.
    State Highway 371
    Baxter, MN 56401
    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
    State Highway 371 Baxter, MN 56401
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.