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    OFF-MARKET
    Land

    371 Lot C Hwy, Baxter, MN 56401

    8.7 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 8.7-acre commercial land parcel presents a remarkable investment opportunity along the heavily trafficked Highway 371 corridor in Brainerd, Minnesota. Situated just north of the renowned Brainerd International Raceway, this property boasts approximately 635 feet of road frontage, offering unparalleled visibility and accessibility. Zoned as Commercial District 2, the land is ideally suited for a variety of commercial developments, including retail, storage, warehouse, and outdoor display uses. The site is conveniently located near numerous established businesses, creating a vibrant and thriving commercial environment. While utilities such as natural gas, electricity, phone, and internet are available, a well and sewer system will need to be installed. The property is subject to platting, and the final legal description and Parcel ID number will be assigned upon completion of this process. With an asking price of $699,000 and an estimated 2024 annual property tax yet to be determined, this high-traffic location and flexible zoning make this an exceptional opportunity for commercial development. The 2023 traffic count on Highway 371 was recorded at 18,192 vehicles. This property is part of a larger parcel, with the option to purchase adjacent lots for a larger development.

    Property profile
    Verified
    Property type Land
    Lot 8.7 ac (378,972 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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