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  • Inglewood Warehouse-1
  • AERIAL-Erlandson
SOLD!
15812 Inglewood Drive, Baxter, MN 56425
For Sale $239,995.00
Detailed Brochure

SOLD! Excellent opportunity to invest in a fully-occupied single tenant warehouse building with 4 drive-in doors and 1 loading dock. This easily accessible property is located in Baxter just off of CR 77, near Hwy 371. Affordable opportunity to add to your portfolio.

  • Purchase Price: $239,995.00
  • Directions: From Hwy 210/371 intersection in Baxter - North on Hwy 371 - Left (west) on CR 77/Pine Beach Road - Left (south) on Inglewood Drive - Property is on the left just after the storage garages
  • Building Size Total (Sq. Ft): 3,528
  • Building Size Main (Sq. Ft): 3,528
  • Lot Size (Sq. Ft): 231,739
  • Lot Size (Acres): 5
  • Lot Dimensions: 506.17’ x 510’ x 507.94’ x 509.99’
  • Road Frontage: 506.17’ along Inglewood Drive
  • Property Tax Year: 2019
  • Annual Property Tax: $2,866.00
  • Cap Rate: 11.3% (Based on 12 month projection beginning October 1, 2019)
  • Property Features / Assets: Office Area: 288 SF & Warehouse: 3,240 SF. Current Tenant: Ameripride Services (See Agent for Lease Terms)
  • Water: Well
  • Sewer: Septic
  • Heating: Warehouse: Natural Gas Hanging Furnace; Office: Electric Baseboard
  • Cooling: None
  • Electric – Amps: 100
  • Electric – Phase: Three
  • Lighting: Fluorescent
  • Year Built: 2000
  • Construction: Post-Frame
  • Foundation: Concrete
  • Roof: Steel
  • Exterior: Steel Siding
  • Ceiling Height - Office: 8'
  • Ceiling Height - Warehouse: 11' & 14'
  • Overhead Doors: 4 (12' W x 12' H) & 1 (9' W x 9' H) at Exterior Loading Dock
  • Loading Docks: 1 (3' H) Exterior w/ 9'W x 8'H Overhead Door & 4 (3'H) Interior
  • Bathrooms: 1
  • Parking Spaces: 10+ Gravel Parking Area
  • Neighboring Businesses: Located near Gary’s Painting, Wood Products Unlimited, Dondelinger’s, Lake Region Storage, Party World, MN Inboard, Lake County Toyota, Arrowwood Lodge, Just For Kix, Boulder Tap House, Baxter Village Tenants, Jack Pine Brewery, El Tequila, Von Hanson’s, Morey’s, West Side Liquor, Holiday Inn Express, Hilltop Trailers, plus numerous others.
  • Traffic Counts: 27,000 on Hwy 371 and 4,850 on CR 77
  • MLS #: 5236997
  • CC File #: 1525
  • Zoning: C-I Commercial Industrial & R-2 Medium Density Residential
  • PID#: 40310606
  • Legal Description: Legacy PID: 030312200CCC009. Pt of NW 1/4 of NW 1/4 desc: comm at NW cor of Sec 31 then S 25’57” W assm bear alg W line of sd Sec 31 a dist of 802.13 ft to POB then N 89D 50’37” E a dist of 510 ft then S 25’57” W a dist of 507.94 ft to S line of sd NWNW then N 89D 57’27” W alg S line of sd NWNW a dist of 509.99 ft to SW cor of sd NWNW then N 25’57” E alg W line of sd NWNW a dist of 506.17 ft to POB.
Property Map