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    OFF-MARKET
    Land

    & CR 48 College Rd, Baxter, MN 56425

    0.72 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.72-acre commercial lot, located in Baxter, Minnesota, presents a unique investment opportunity. Situated in the College Pines Office Park, this property (APN 40080572) boasts convenient access to major roadways, with approximately 172 feet of frontage on College Road and 200 feet on Conifer Drive. The lot measures approximately 144' x 193.5' x 172' x 200', offering ample space for development. Zoned OS - Office Service, this parcel is ready for a variety of commercial uses. City water and sewer are readily available, along with natural gas, electricity, phone, and internet utilities. The property benefits from its proximity to established businesses within the College Pines Office Park, including Baxter Insurance Group, Lemieux Wealth Strategies, J&J Holmes, and the Social Security Administration. Furthermore, its location near the Baxter Industrial Park and a wealth of retail establishments such as Walmart, Costco, Home Depot, and numerous others, ensures high visibility and accessibility. Annual property taxes for 2021 were $844. High traffic counts on College Road (11,200) and CR 48 (4,150-4,300) further enhance the property's desirability. The asking price for this remarkable opportunity is $99,000. This is Lot 1, Block 1 of the College Pines Office Park.

    Property profile
    Verified
    Property type Land
    Lot 0.72 ac (31,363 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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