Property profile

0 Highway 371 Baxter, MN 56401

OFF-MARKET
Land
23.51 ac lot
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Property summary

AI-generated overview

This exceptional 23.51-acre commercial land parcel presents a remarkable investment opportunity in Brainerd, Minnesota. Strategically located along the Hwy 371 corridor, just north of Brainerd International Raceway, this property boasts significant frontage: 1,621 feet along Hwy 371, 482.24 feet on Green Gables Road, and substantial frontage on Joannes Drive (2,246.63 feet north side and 1,086.38 feet south side). The irregular lot (see plat for details) is zoned Commercial District 2 (C-2), ideal for a variety of uses including retail, service, office, or storage facilities with outdoor display areas. A conceptual layout for an RV park is also available for consideration. The property's size (1,026,325 square feet) and high visibility make it an attractive development site. While on-site utilities are not currently available, natural gas, electricity, phone, and internet services are accessible. Well and septic installation will be required. The asking price is $1,250,000, with 2022 real estate taxes totaling $18,006. The property's Parcel Identification Numbers are 99140549 - 99140554, and the legal description is Lots 1-4, Block 3 and Lots 1 & 2, Block 2, Irish Pines. The area is home to a thriving business community, including S&W Bait, Party Time Rental, and many others. This property offers unparalleled potential for significant return on investment.

Property profile

Verified
Property type Land
Lot 23.51 ac (1,024,096 SF)

Cap rate & NOI

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

Location

Highway 371 Baxter, MN 56401
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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