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    OFF-MARKET
    Land

    210 Hwy 371 / Hwy, Baxter, MN 56425

    5.28 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.28-acre commercial land parcel presents a remarkable investment opportunity in Baxter, Minnesota. Strategically located at the highly visible northwest corner of the intersection of Highways 371 and 210, this property boasts exceptional visibility and accessibility. The site offers significant frontage along both highways: 324.32 feet on Hwy 371 and 452.98 feet on Hwy 210, plus an additional 204.35 feet on Excelsior Road. Access is convenient via Fairview Road off Hwy 210 and Excelsior Road off Hwy 371. The property is zoned C2-Regional Commercial, ideal for a variety of uses, including multiple retailers, fast-food establishments with drive-thru capabilities, and other commercial ventures. The total lot size is 230,248 square feet, and the property is divisible into smaller pad sites ranging from half an acre to five acres, offering flexibility to suit diverse buyer needs. City water and sewer are available, along with natural gas, electricity, phone, internet, and cable services. This prime location is situated within a thriving commercial area, surrounded by big-box retailers, medical facilities, and other established businesses, ensuring high traffic counts and excellent visibility for any development. The property's APN is 40070849 & 40070848. Asking price is $3,652,500.

    Property profile
    Verified
    Property type Land
    Lot 5.28 ac (229,997 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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