PRICE REDUCED! Investment/Business Location

Listed by Chris Close

For Sale/Lease: Retail/Office/Investment Property: 7761 Excelsior Road

Property Description: PRICE REDUCED FROM $449,000! Prime location for your business, just north of the busy Hwy 210 corridor in Baxter. Benefit from great visibility, high traffic counts and the synergy of other retailers nearby. This property would also make a great investment. Room for two tenants to lease space and for you to enjoy excellent returns. Property includes excess land for future expansion. Now is the time to move or expand your business to the heart of Baxter’s retail community.

Slideshow image
Previous    Play Pause    Next


View Map | View Flyer
View Aerial View Aerial |  View Brochure View Brochure |  View Floorplan View Floorplan | 
(may take up to 60 seconds to download)

Listing Details

mls: 182212
CC File #: 923
Address: 7761 Excelsior Road
City: Baxter
State: MN
Zip: 56425
Zoning: C2 - Regional Commercial District
PID#: 010082100ABA009
Lot Size : Acres: 1.31
Lot Size : Sq.Ft.: 57,063.60
Lease Space Size : Total Sq. Ft.: 4,000
Lease Space Size : Min Sq. Ft. Available: 1,720
Lease Space Size : Max Sq. Ft. Available: 4,000
Lease Space Size : Main Level Sq. Ft.: 4,000
Building Size : Total Sq. Ft.: 4,000
Building Size : Main Level Sq. Ft.: 4,000
Lease Rate/sq ft: $8.00
Lease Type: Triple Net
Sale Price: $299,000.00

Directions: From the Baxter Hwy 210/371 intersection - East on Hwy 210 one block - North on Golf Course Drive - Right (east) on to Excelsior) - Property is the first building on the right (south)

Property Features

Water: City
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Central Air
Electric : Amps: 400
Electric : Phase: Single
Lighting: Fluorescent
Year Built: 1975
Year Remodeled: 1997
Construction: Wood Frame
Foundation: Concrete
Roof: Shingles
Exterior: Wood Siding
Traffic Counts: 9,000 on Excelsior Road and 5,200 - 7,400 on Golf Course Drive
Other: There is excess land for future expansion. There is a drive up window on the West end of the building. There is 386 SF of Shared common area. RELS Title currently leases 1,720 SF of the building. Please see agent for lease/rental income details.
Operating Expenses : Year: 2008
Operating Expenses : Total: $4.54/SF/YR
Operating Expenses : Taxes: $3.18
Operating Expenses : Insurance: $0.51
Operating Expenses : CAM: $0.85
Property Tax Year: 2009
Annual Property Tax: $12,599.56
Ceiling Height: 9'-6"
Bathrooms: 3
High-Speed Internet: Yes
Parking Spaces: 25
Road Frontage: Located along Excelsior Road
Neighboring Businesses: Nearby businesses include Salon El Rio, Lindal Cedar Homes, Lakes Area Eyecare, First Integrity Mortgage, Mills Car Wash, Fleer Farm, Kohl’s, Paul Bunyan Bowl, Bursch Travel, Excelsior Dental Care, Caribbean Tan, Midwest Eyecare, Super One, Trails Head Business Center, Rodeway Inn, Holsum Bread, The Country Kitchen, Papa Murphy’s, Jewel’s Specialty Food Market, plus many others.
Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.