SOLD! Hwy 371 Office/Retail

Listed by Nate Grotzke

SOLD!

Property Description: SOLD! Great office/retail space is waiting for you! This 2,016 sq. ft. building is located along the ever growing Hwy 371 corridor near Home Depot, Super Wal-Mart and the new JC Penney’s. This area is becoming an excellent draw for the shopping needs of tourists and locals. Ideal opportunity for you to move or expand your retail or office-service business! Option to purchase vacant land to build new, or land and building together.

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Listing Details

mls: 186247
CC File #: 961
Address: 13442 Elmwood Drive
City: Baxter
State: MN
Zip: 56425
Zoning: C2-Regional Commercial District
PID#: 032710010020009
Legal Description: Lot 2 Block 1, Chars Lots
Lot Size : Acres: 1.06
Lot Size : Sq.Ft.: 46,173.6
Lot Dimensions: 159.30' x 320.55' x 129.69' x 174.60' x 10' x 132.05'
Lease Space Size : Total Sq. Ft.: 2,016
Lease Space Size : Min Sq. Ft. Available: 2,016
Lease Space Size : Max Sq. Ft. Available: 2,016
Lease Space Size : Main Level Sq. Ft.: 2,016
Building Size : Total Sq. Ft.: 2,016
Building Size : Main Level Sq. Ft.: 2,016
Lease Rate/sq ft: $8.00
Lease Type: Triple Net
Monthly Rent: $1,344/month
Sale Price: $285,000.00

Directions: From the Hwy 371/210 intersection in Baxter - West on Hwy 210 - Left (south) on Elder Drive - Left (east) on Garrison Road – Left (north) on Elmwood - Property is on the right at 13442

Property Features

Water: City
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Natural Gas Forced Air
Electric : Amps: 200
Electric : Phase: Single
Lighting: Fluorescent
Year Built: 1986-87
Construction: Wood Frame
Foundation: Cement
Roof: Tamko 30 Year Shingles (New in May 2009)
Exterior: Wood Siding
Traffic Counts: 11,900 on Hwy 371 and 15,900 on Hwy 210
Other: Option to purchase West Tract (.5 Acres Bare Land) for $79,000. East Tract (.56 Acres of Land and Bldg) available for $275,000.
Operating Expenses : Year: 2009
Operating Expenses : Total: $5.13/sq. ft.
Operating Expenses : Taxes: $4.74
Operating Expenses : Insurance: $0.39
Property Tax Year: 2009
Annual Property Tax: $10,093.70
Ceiling Height: 13' - 7" at the Peak, 9' - 6" at Sidewalls
Bathrooms: 2
Security: Peoples Security
High-Speed Internet: Yes
Parking Spaces: 10
Road Frontage: 159' on Hwy 371
Neighboring Businesses: Nearby businesses include Cygneture Title, Keller Williams, Lake Area Homes, Dorn Insurance Agency, Edward Jones, Country Wide Home Loans, Anakkala, Berns & Co., Northwestern Mutual, Super Wal-Mart, McDonalds, JC Penney’s, Riverstone Professional Centre (Dermatology Professionals, Med-Spa, Dr. Waters, & The Minneapolis Heart Institute), Mid-Mn Federal Credit Union, Northwoods Plaza (Anytime Fitness, Bethany Books, Play ‘n Trade, Lakeland Health Services, and Green Haven Family Dentistry), Home Depot, 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.