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Baxter Restaurant For Sale
15115 Edgewood Drive, Baxter, MN 56425
For Sale $1,700,000.00
Detailed Brochure

After years of serving the community, a beloved local catering business is relocating, opening the door to a rare opportunity for an entrepreneur to make their mark in the vibrant restaurant scene. Nestled along the bustling Hwy 371 corridor in Baxter, the former Prairie Bay building is ready to welcome a new chapter. This pristine restaurant offers endless potential with multiple stylish dining areas, a charming bar with additional seating, and a spacious, fully-equipped commercial kitchen featuring a pizza oven. Whether you’re looking to create a cozy dining experience or a dynamic culinary hub, this location is primed for success.

  • Purchase Price: $1,700,000.00
  • Directions: From the Baxter Hwy 210/371 intersection - North on Hwy 371 - West on Woida Road - North on Edgewood Drive - Left at the North end of the Starbucks Retail Center - Straight back to property
  • Building Size Total (Sq. Ft): 6,802
  • Building Size Main (Sq. Ft): 6,802
  • Lot Size (Sq. Ft): 77,153
  • Lot Size (Acres): 1.77
  • Lot Dimensions: 286.55’ x 110’ x 166.59’ x 263.55’ x 275’
  • Price Note: Business Relocating. Equipment List to by provided by Seller.
  • Property Tax Year: 2025
  • Annual Property Tax: $26,960.00
  • Type of Business: Restaurant
  • Water: City
  • Sewer: City
  • Heating: Natural Gas Forced Air
  • Cooling: Central Air - Electric Roof-Top Units
  • Electric – Amps: 800
  • Electric – Phase: Three
  • Lighting: Fluorescent
  • Year Built: 2003
  • Construction: Wood Frame
  • Foundation: Concrete Block
  • Roof: Steel
  • Exterior: Cultured Stone & Steel Siding
  • Ceiling Height: 9'
  • Floor Drains: Yes
  • Indoor Sprinklers: Yes
  • Bathrooms: 2 Restroom Facilities
  • Parking Spaces: 84 Paved Parking Spaces
  • Neighboring Businesses: Businesses in the area include Starbucks, Subway, Verizon, Sorted Boutiques, Rio Acai, Smokey’s Tobacco, Arby’s, The Grizzly’s Center (Grizzly’s, Caribou, Nautical Bowls, Cold Stone Creamery, MeraMi Looks, Breitenfeldt Group, Cosmo Prof Beauty Supply, Refined Lending, Sugar Goddess, Dermatology Professionals, Pure X-Hale, Head Therapy Spa, V Spa & Nails and T-Mobile) Slumberland, Comfort Suites, Country Inn & Suites, Menards, Applebee’s, Culver’s, Target, Michaels, Aldi, China Garden, Kwik Trip, plus several others.
  • Traffic Counts: 23,610 (2024) on Hwy 371,1,750 (2019) along Edgewood Drive and 3,573 (2023) - 3,836 (2023) on Woida Road
  • MLS #: 6811888
  • CC File #: 1768
  • Zoning: C2 - Regional Commercial
  • PID#: 40310533
  • Legal Description: Lot 1 Block 1, Rapid River Second Addition, Subject to and Together with an Easement of Record
Property Map