0 Glory Rd, Baxter, MN 56425
This exceptional 1.41-acre development site presents a remarkable investment opportunity in Baxter, Minnesota. Located on Glory Road, this property boasts an R2 - Medium Density Residential zoning designation, allowing for a variety of residential development options. The site is ideally situated within a thriving commercial area, yet enjoys proximity to established residential neighborhoods featuring condos, single-family homes, and multi-family dwellings. The land is already platted for condo development, streamlining the process for a prospective builder. With its convenient location and advantageous zoning, this property offers significant potential for substantial returns. The parcel encompasses 1.41 acres and is identified by APN numbers 40070565 - 40070571. This prime location in Baxter, MN (zip code 56425) offers easy access to local amenities and services. The coordinates are 46.344464 latitude and -94.251966 longitude. This is a turnkey opportunity for developers seeking to capitalize on the growing residential market in this desirable area. The asking price for this exceptional property is $99,000. Don't miss this chance to acquire a highly sought-after development site in a flourishing community.
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.
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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.