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    OFF-MARKET
    Land

    371 Garrison Rd & Hwy, Baxter, MN 56425

    2.1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.1-acre commercial land parcel presents a prime development opportunity within the thriving Central Lakes Crossing in Baxter, Minnesota. Located at the intersection of Garrison Rd and Hwy 371, this PUD-zoned outlot enjoys high visibility and accessibility, benefiting from approximately 21,900 vehicles per day on Highway 371. Its strategic placement adjacent to established anchors Hobby Lobby and HomeGoods ensures significant foot traffic and brand synergy. The site is ideally suited for a variety of uses, including retail, office, medical office, automotive dealership, self-storage, multi-family housing, or senior living facilities. A concept plan indicates the potential for a building exceeding 13,000 square feet. Existing parking lot improvements further enhance the site's value and reduce development costs. This property offers a unique chance to capitalize on the robust growth of the Brainerd Lakes area, serving a large and diverse customer base. The site is available for sale, lease, or build-to-suit opportunities, with pricing negotiable. The property's APN is 40070559. This is a user-driven development opportunity with excellent highway access and visibility.

    Property profile
    Verified
    Property type Land
    Lot 2.1 ac (91,476 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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