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    OFF-MARKET
    Land

    L2B1 College Rd, Baxter, MN 56425

    0.62 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.62-acre commercial lot, located in Baxter, Minnesota, presents a unique investment opportunity. Situated within the College Pines Office Park, this property boasts convenient access to major roadways, including Highway 371 and College Road, experiencing significant traffic counts of 11,200 vehicles on College Road and 4,150-4,300 on CR 48 (Highland Scenic Drive). The lot features approximate dimensions of 130.19' x 180.42' x 163' x 193.5', offering ample space for development. Zoned OS - Office Service, this parcel is ready for a variety of commercial uses. The property benefits from city water and sewer, along with readily available natural gas, electric, phone, and internet utilities. Its strategic location places it near established businesses such as Baxter Insurance Group, Lemieux Wealth Strategies, and the Social Security Administration, as well as a thriving retail corridor including Walmart, Costco, Home Depot, and numerous other national retailers. The 2021 annual property tax was $732.00. The parcel's proximity to Central Lakes College and the Baxter Industrial Park further enhances its appeal. This is an ideal opportunity to establish a presence in a high-traffic, well-established commercial area. The property's legal description is Lot 2 Block 1 College Pines Office Park, with a PID# of 40080571. The asking price is $99,000.

    Property profile
    Verified
    Property type Land
    Lot 0.62 ac (27,007 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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