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