Property profile

0 Washington St Baxter, MN 56401

OFF-MARKET
Land
2.38 ac lot
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Property summary

AI-generated overview

Exceptional commercial land opportunity in Brainerd, Minnesota, totaling 2.38 acres (103,982 sq ft). This prime pad site boasts stunning Mississippi River views and is strategically located on the Washington Street (Hwy 210) corridor, a vital connector between Brainerd and Baxter. The property benefits from high traffic counts and excellent visibility, ensuring strong potential for any commercial venture. Lot dimensions are irregular, measuring approximately 288' x 33.8' x 253.86' x 33.07' x 14.17' x 56.19' x approximately 260' x 234.23' x 51.3' x 279.05' x 44'. The property offers approximately 288 feet of road frontage on NW 2nd Street and approximately 350 feet of visibility along Washington Street, along with approximately 260 feet of river frontage. A planned Minnesota Department of Transportation (MnDOT) reconstruction of a 3/4 intersection to access the property is scheduled for 2026-2027. Concept site plans are available, showcasing potential layouts for drive-thru establishments or office-retail buildings. The property is zoned GC - General Commercial (APN: 41040851, 41040652) and has city water and sewer available, along with natural gas, electric, phone, and cable utilities. The maximum impervious surface is 25%, with a 30-foot setback from the bluff (approximately 45 feet from the river based on elevation changes). The asking price is $399,000, and 2023 real estate taxes were $4,242. This is a rare opportunity to acquire a highly visible and well-situated commercial property with significant development potential.

Property profile

Verified
Property type Land
Lot 2.38 ac (103,673 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Washington St 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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