Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    L2B2 College Rd Baxter, MN 56425

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Baxter, MN commercial lot. High visibility, easy access.

    Property Features for L2B2 College Rd

    General Information

    Property type
    Land
    Lot Size
    20,038 SF

    We can help!

    Listing Contact
    Chris Close
    Chris Close

    Listing Agency: Close-Converse Commercial Prop Listing Agent: Chris Close

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 0.46-acre commercial lot, located at L2B2 Conifer Drive in Baxter, Minnesota (56425), presents a unique opportunity for business development. Zoned OS - Office Service, this property boasts excellent visibility and high traffic counts due to its strategic location at the southwest corner of the intersection of College Road and County Road 48. The lot offers approximately 20,013 square feet with dimensions of approximately 102.10' x 196.29' x 102.7' x 196.25', and approximately 102 feet of road frontage on Conifer Drive. City water and sewer are available, along with natural gas, electricity, phone, and internet utilities. The 2021 annual property tax was $514.00. This lot is part of the College Pines Office Park, surrounded by established businesses including Baxter Insurance Group, Lemieux Wealth Strategies, J&J Holmes, and the Social Security Administration, ensuring a thriving and supportive business environment. Directions from the Highway 210/371 intersection in Baxter: Head south on Highway 371, then east on College Road, and finally south on Conifer Drive to the lot. This is an ideal location for businesses seeking high visibility and convenient access in a well-established office park. The asking price is $65,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Baxter
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2339221
    Latitude
    46.3449012

    Nearby Similar for Sale

    • New
      $599,900
      0.98 Acres

      Versatile Commercial Building, Baxter, MN

      Versatile commercial building on nearly an acre, convenient location.
      7590 Design Rd, 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
    • $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

      Executive Office Building in Baxter, MN

      4,500 SF Office Building, NNN Lease
      13760 Bluestem Ct, Baxter, MN 56425
      View Details
    • Contact for pricing
      4,336 SF

      Versatile Industrial Office Building

      Industrial office building for sale or lease in Baxter, MN.
      7953 College 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
    • Contact for pricing
      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
    • Contact for pricing
      16,545 SF

      Baxter Retail/Warehouse Space For Lease

      Retail and warehouse space with highway visibility in Baxter, MN.
      8194 Fairview Rd, Baxter, MN 56425
      View Details
    • $2,100,000
      14,801 SF

      Baxter Retail Center Investment Opportunity

      High-traffic retail center, prime Baxter location.
      13495 Elder Dr, Baxter, MN 56425
      View Details
    • $1,400,000
      9,180 SF

      Baxter Industrial Park Gem

      High-visibility warehouse, office space available.
      7548 Industrial Park Rd, 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
    • Contact for pricing
      6,311 SF

      Baxter Retail and Warehouse Space

      Retail building with warehouse, office, and storage space available.
      7837 Excelsior Rd, Baxter, MN 56425
      View Details

    FAQs

    What type of property is this?
    Land - Prime Baxter, MN commercial lot. High visibility, easy access.
    Where is this land located?
    The property is located at L2B2 College Rd Baxter, MN.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Easy access from Hwy 210/371 intersection in Baxter.; 20,013 square foot lot.; 0.46-acre lot.
    (218) 828-3334 Call to check price and availability
    Request Owner's contact information
    L2B2 College Rd Baxter, MN 56425
    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.
    L2B2 College Rd
    Baxter, MN 56425
    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
    L2B2 College Rd Baxter, MN 56425
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Close
    Chris Close
    Real Estate License ID: 20286846
    (218) 828-3334 (218) 831-7510
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!