371 Lot C Hwy, Baxter, MN 56401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.