371 & Highland Scenic Rd, Baxter, MN 56425
This exceptional 73.11-acre property presents a remarkable investment opportunity in Baxter, Minnesota. Strategically located at the intersection of State Highway 371 and Highland Scenic Road, this expansive parcel offers unparalleled visibility and accessibility. The land is zoned for Neighborhood Commercial and Business Gateway uses, providing flexibility for a diverse range of development projects. Envision a medical facility, retail center, showroom, or even a residential community—the possibilities are vast. The property's prominent Highway 371 frontage ensures high traffic exposure, maximizing potential for any commercial venture. Situated in the heart of Minnesota's renowned Lakes region, this location benefits from a robust local population that swells to over 200,000 during peak tourist season. The property's proximity to the major corridor serving the Brainerd Lake Region further enhances its appeal. This growing area, served by Brainerd Public School District 181, offers a strong foundation for long-term growth and return on investment. The APN numbers are 40180622, 40180618, 40180621, and 40180607. This is a truly unique opportunity to capitalize on the thriving Baxter market and its significant potential for future 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
Similar Nearby for Sale
Similar Nearby for Lease
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.