371 Garrison Rd & Hwy, Baxter, MN 56425
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.