Property profile

0 Highway 371 Baxter, MN 56401

OFF-MARKET
Land
21.8 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering encompasses 21.8 acres (approximately 3.8 acres of wetlands) situated along the heavily trafficked Highway 371 corridor in Brainerd, Minnesota, just south of White Gables Road and north of Brainerd International Raceway. The property, identified as Lots A, B, and C, presents a remarkable development opportunity for a variety of commercial uses, including retail, storage, warehouse, and outdoor display. Boasting approximately 1,725 feet of highway frontage, this site ensures exceptional visibility and accessibility with multiple highway access points. The asking price for the entire parcel is $1,500,000. Individual lot pricing is available: Lot A (7.8 acres) for $599,000, Lot B (5.3 acres) for $499,000, and Lot C (8.7 acres) for $699,000. The property is zoned Commercial District 2 and is subject to platting. Utilities including natural gas, electricity, phone, and internet are available, though not currently connected to the site. Water and sewer will need to be installed. The property benefits from high traffic counts of 18,192 vehicles daily (2023 data) on Highway 371, and is surrounded by a thriving commercial area including numerous established businesses. This is a rare opportunity to acquire a significant commercial land parcel in a high-demand location. Further details are available upon request. The property is located in Crow Wing County, Minnesota, zip code 56401.

Property profile

Verified
Property type Land
Lot 21.8 ac (949,608 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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