Property summary
This exceptional 6,311 square foot retail building, situated on a half-acre lot at 7837 Excelsior Road in Baxter, Minnesota, presents a compelling investment opportunity. The property boasts a prime location along a high-traffic corridor, ensuring excellent visibility and accessibility for businesses. Currently, a single tenant occupies a small portion of the building, leaving ample space for an owner-occupier or new tenants. The available space includes a versatile open retail area, convenient upper-level office space ideal for administrative functions, and substantial storage facilities to meet diverse business needs. A significant asset is the included warehouse, featuring a 14-foot overhead door and an adjustable loading platform, perfect for efficient goods handling and logistics. Recent improvements enhance the property's appeal and functionality. A new roof and siding were installed in 2023, ensuring long-term durability and minimizing maintenance costs. Modern digital signage further enhances the building's visibility and marketing potential. The property's strategic location near complementary businesses creates a synergistic environment, attracting customers and fostering a thriving commercial atmosphere. This turnkey property is ready for immediate occupancy and offers significant upside potential for savvy investors seeking a strong return on investment in a desirable Baxter location. The asking price is $695,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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