Property summary
This 3,500 square foot executive office building in Baxter, Minnesota, presents a compelling investment opportunity. Located in the Fairview Office Park along Highway 210, this property benefits from a prime location in a growing area with high traffic counts. Built in 2014, the building features a wood frame construction with concrete block foundation and cement board siding. The roof is asphalt shingle, and the interior boasts 9-foot ceilings, two restrooms, and high-speed fiber internet. Heating is provided by natural gas forced air, and cooling by a central electric ground unit. The 200-amp, single-phase electrical system supports fluorescent lighting. The property sits on a 6,800 square foot lot and offers ample shared paved asphalt parking. Landscaping is complete throughout the development. The building is currently under a gross lease with a five-year term, expiring April 30th, 2030. The lease was renewed in September 2024, with a commencement date of May 1st, 2020, and a security deposit of $3,354.17. The property is zoned OS - Office Service and offers excellent visibility due to its frontage along Highway 210 and Fairview Road. This well-maintained building provides a strong return on investment in a thriving market. The APN numbers are 036130010020009
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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