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    Hwy 371 Baxter, MN 56401

    Sponsored
    For Sale
    $1,250,000

    23.51 Acres, Prime Brainerd Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 23.51-acre commercial land parcel presents a remarkable investment opportunity in Brainerd, Minnesota. Strategically located along the Hwy 371 corridor, just north of Brainerd International Raceway, this property boasts significant frontage: 1,621 feet along Hwy 371, 482.24 feet on Green Gables Road, and substantial frontage on Joannes Drive (2,246.63 feet north side and 1,086.38 feet south side). The irregular lot (see plat for details) is zoned Commercial District 2 (C-2), ideal for a variety of uses including retail, service, office, or storage facilities with outdoor display areas. A conceptual layout for an RV park is also available for consideration. The property's size (1,026,325 square feet) and high visibility make it an attractive development site. While on-site utilities are not currently available, natural gas, electricity, phone, and internet services are accessible. Well and septic installation will be required. The asking price is $1,250,000, with 2022 real estate taxes totaling $18,006. The property's Parcel Identification Numbers are 99140549 - 99140554, and the legal description is Lots 1-4, Block 3 and Lots 1 & 2, Block 2, Irish Pines. The area is home to a thriving business community, including S&W Bait, Party Time Rental, and many others. This property offers unparalleled potential for significant return on investment.

    Property Features for 0 Hwy 371

    General Information

    Property type
    Land
    Lot Size
    1,024,096 SF

    HighLights

    • 23.51‑acre lot (1,026,325 sq ft).
    • Irregular lot dimensions; see plat map.
    • Frontage: 1,621' on Hwy 371, 482.24' on Green Gables Rd, 2,246.63' North Joannes Dr, 1,086.38' South Joannes Dr.
    • Access via Hwy 371, Green Gables Rd, and Joannes Dr.
    • $1,250,000 purchase price.
    • $18,006 in 2022 property taxes.
    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

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    FAQs

    What type of property is this?
    Land - 23.51 Acres, Prime Brainerd Location
    Where is this land located?
    The property is located at Hwy 371 Baxter, MN.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 23.51-acre lot (1,026,325 sq ft).; Irregular lot dimensions; see plat map.; Frontage: 1,621' on Hwy 371, 482.24' on Green Gables Rd, 2,246.63' North Joannes Dr, 1,086.38' South Joannes Dr.
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    Hwy 371 Baxter, MN 56401
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    Realmo Value Estimation

    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.

    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.

    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
    Hwy 371 Baxter, MN 56401
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