PENDING!

Prime investment opportunity at Baxter Village! Position yourself for long-term success with the purchase of Baxter Village, a premier retail and office center strategically located along the thriving Hwy 371 corridor. This well-maintained property features several established tenants with Boulder Tap House as the anchor, offering a strong and stable income stream. With excellent visibility, convenient access, and high traffic counts, Baxter Village is situated in one of Central Minnesota’s most active commercial districts. The property benefits from a diverse tenant mix including restaurant, retail, medical, and service businesses—creating built-in synergy and long-term value for investors. Highlights include a spacious parking lot, professional curb appeal, and a growing local population that continues to fuel demand. This is a rare chance to acquire an income-producing retail center in a prime Baxter location.

Purchase Price: $3,700,000.00
Directions: From Hwy 210/371 intersection in Baxter - North on Hwy 371 - Left (west) onto Forest Drive - Left (south) on Edgewood Drive - Property is the 1st strip center on the left (east)
Building Size Total (Sq. Ft): 19,811
Building Size Main (Sq. Ft): 19,811
Lot Size (Sq. Ft): 115,358
Lot Size (Acres): 2.65
Lot Dimensions: 329.58' x 300'
Road Frontage: 329’ along Edgewood Drive & 329’ along Hwy 371
Price Note: See Agent for Rent Roll & Proforma
Property Tax Year: 2025
Annual Property Tax: $41,578.00
Cap Rate: 7.9% (Based on Proforma)
Property Features / Assets: Baxter Village Phase I: 19811 SF Total; Suite 15674: 6,350 SF (Boulder Tap House) ; Suite 100: 2,091 SF (Pearle Vision); Suite 110: 2,084 SF (Waxing the City); Suite 120: 2,084 SF (Littles & Lattes); Suite 130: 2,138 SF (Lux Luminosity); Suite 140: 2,477 SF (Ecclesiastical Sewing); Suite 150: 2,587 SF (Vivie)
Water: City
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Central Air - Electric Ground Units
Year Built: 2005
Construction: Wood Frame
Foundation: Concrete
Roof: Flat
Exterior: Cultured Stone & Stucco
Floor Drains: Bathrooms & Mechanical Rooms
Indoor Sprinklers: Yes
Bathrooms: Varies per Suite
Parking Spaces: 122 Paved Spaces surrounding the center (Parking Lot Lighting Updated to LED
Adjacent Tenants: Phase I Tenants: Boulder Tap House, Vivie, Ecclesiastical Sewing, Lux Luminosity, Littles & Lattes Play Cafe, Waxing the City, and Pearle Vision; Phase II Tenants: Center for Pain Management, Military Recruiting, Crossfit Grow, Big Stone Therapies, Synergy Products, and CO & Company
Neighboring Businesses: Eko Market (Edgewood Dental, Weizeneggar Insurance, Elevate Wellness & Dental Edge Lab), Arrowwood Lodge, Jack Pine Brewery, Kwik Trip, Hollbrook Family Chiropractic, Gull Lake Brick & Fireplace, Infinity Credit Union, Audio Video Extreme, Holiday Inn Express, West Side Liquor, VonHanson’s Meats, Morey’s Market, Lake Country Toyota, MN Inboards, plus numerous others.
Traffic Counts: 23,610 (2024) on Hwy 371
MLS #: 6788022
CC File #: 1272
Zoning: C-2 Reginal Commercial
PID#: 40310555
Legal Description: Lot 1, Block 1, Baxter Village, Subject to Easement of Record