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Property profile

0 Glory Rd Baxter, MN 56425

OFF-MARKET
Land
1.41 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 1.41 ac (61,420 SF)

Cap rate & NOI

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

Location

Glory 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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