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Property profile

0 L1B1College Rd Baxter, MN 56425

OFF-MARKET
Land
0.61 ac lot
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Property summary

AI-generated overview

This exceptional 0.61-acre commercial lot, located in Baxter, Minnesota, presents a unique investment opportunity. Situated in the College Pines Office Park, this property boasts convenient access to major roadways, with approximately 149 feet of frontage on College Road and 150 feet on Brandon Road. The lot features dimensions of approximately 150.14' x 169.32' x 149' x 180.42', totaling 26,387 square feet. The property benefits from city water and sewer, along with readily available natural gas, electric, phone, and internet utilities. Its strategic location places it near a thriving business community, including the Baxter Industrial Park, Central Lakes College, and numerous retail establishments such as Walmart, Costco, and Home Depot. High traffic counts of 11,200 vehicles on College Road and 4,150-4,300 on CR 48 (Highland Scenic Drive) ensure excellent visibility and accessibility. The property is zoned OS - Office Service, making it ideal for a variety of commercial uses. The 2021 annual property tax was $716.00. This lot is part of a larger development, with adjacent tenants including Baxter Insurance Group, Lemieux Wealth Strategies, J&J Holmes, and the Social Security Administration. The Parcel ID number is 40080570, and the legal description is Lot 3 Block 1 College Pines Office Park. This is an excellent opportunity to establish a presence in a high-growth area.

Property profile

Verified
Property type Land
Lot 0.61 ac (26,572 SF)

Cap rate & NOI

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

Location

L1B1College Rd Baxter, MN 56425
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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