Property profile

0 Highway 371 Baxter, MN 56401

OFF-MARKET
Land
29.9 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 29.9 ac (1,302,444 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Highway 371 Baxter, MN 56401
Baxter metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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