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    OFF-MARKET
    Land

    0 Hwy 371/Dellwood Dr, Baxter, MN 56425

    11.9 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire 11.9 acres of prime commercial land boasting 975 feet of high-visibility frontage along Highway 371 in Baxter, Minnesota. This strategically located property sits in a rapidly growing commercial corridor, directly north of Menards and surrounded by a thriving mix of established businesses including Lakes Audio, Hilltop Trailers, Brainerd General Rental, Hart, Applebee's, Culver's, Arby's, Subway, Starbucks, Grizzly's Retail Center, Slumberland, Baxter Village, Holiday Inn Express, Arrowwood Lodge, Jack Pine Brewery, and West Side Liquor, among many others. The property is zoned C-2 Regional Commercial, allowing for a wide range of development possibilities. City water and sewer are available, along with natural gas, telephone, cable, and fiber optic utilities. A 50-foot-wide service road easement runs along the west property edge. Note that the seller retains billboard rights on the site, and wetlands are present (details available upon request). Parcel ID numbers include 40310593, 40310614, 030314100AA0009, and 030311400BC0009. The asking price for this exceptional investment opportunity is $2,200,000. This is a rare chance to capitalize on the area's robust growth and establish a significant presence in a high-traffic location.

    Property profile
    Verified
    Property type Land
    Lot 11.9 ac (518,364 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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