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Property profile

0 Novotny Rd & Lk Frst Rd Baxter, MN 56425

OFF-MARKET
Land
6.63 ac lot
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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

Location

Novotny Rd & Lk Frst Rd Baxter, MN 56425
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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