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    OFF-MARKET
    Land

    0 Novotny Rd & Lk Frst Rd, Baxter, MN 56425

    6.63 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6.63-acre commercial land parcel presents a remarkable investment opportunity in Baxter, Minnesota. Strategically located along the bustling Highway 371 corridor, this C2-Regional Commercial zoned property boasts unparalleled visibility and accessibility. The lot (APN 40310675) is ideally suited for a variety of commercial ventures, including restaurants, retail establishments, or office-service businesses. Its prime location within a thriving commercial neighborhood ensures high traffic volume and excellent exposure. The property benefits from proximity to major hotels and several recently opened retailers, notably a Kwik Trip convenience store. Further enhancing its appeal is its adjacency to the Lofts on Novotny, a new, 64-unit luxury apartment complex, adding a significant residential element to the immediate vicinity. With other neighboring sites poised for potential development, this property offers a unique chance to capitalize on a rapidly growing area. The asking price for this exceptional opportunity is $1,347,000. Don't miss this chance to secure a prominent location in a dynamic commercial hub. Contact us today to learn more about this exceptional property and its potential.

    Property profile
    Verified
    Property type Land
    Lot 6.63 ac (288,803 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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