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    OFF-MARKET
    Land

    0 Woida Rd, Baxter, MN 56425

    0.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land offering presents a unique residential development opportunity in Baxter, Minnesota. Located on Woida Road, just off the Hwy 371 corridor, this property encompasses approximately 5 acres of land, strategically positioned for expansion. Included are six existing townhome lots (0.05 acres each) within the Waldon Pond Townhomes Common Interest Community (CIC #1050), offering immediate development potential. The property's zoning permits both R1-Low Density Residential and R2-Medium Density Residential construction, allowing for the expansion of the existing townhomes and the development of additional housing on the larger acreage to the east. The larger parcel (APN 40310595) totals 5.04 acres, though a lot line adjustment will remove approximately 2 acres from the northern portion, resulting in a net 3.04 acres. The remaining APNs (40310518-40310512) represent the individual townhome lots and common area within the Waldon Pond Townhomes CIC. This prime location offers convenient access to schools, churches, shopping, dining, and entertainment, making it an ideal location for a thriving residential community. The asking price for this exceptional development opportunity is $199,000. This property is situated in Crow Wing County, Minnesota, with a zip code of 56425. The coordinates are 46.3695636 latitude and -94.2549106 longitude.

    Property profile
    Verified
    Property type Land
    Lot 0.5 ac (21,780 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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