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Invest in Baxter Village
15620 Edgewood Drive, Baxter, MN 56425
For Sale $2,950,000.00
Detailed Brochure

Excellent opportunity to invest in an office/retail strip center in Baxter located along the busy Hwy 371 corridor. Full occupancy provides a great return on investment. Current tenants enjoy high traffic counts, excellent visibility and synergistic neighbors in a growing commercial area.

  • Purchase Price: $2,950,000.00
  • Directions: From Hwy 210/371 intersection in Baxter - North on Hwy 371 - Left (west) onto Forest Drive - Left (south) on Edgwood Drive - Property is the 2nd strip center of the left (east)
  • Building Size Total (Sq. Ft): 21,186
  • Building Size Main (Sq. Ft): 21,186
  • Lot Size (Sq. Ft): 134,099
  • Lot Size (Acres): 3.08
  • Lot Dimensions: 383.14’ x 350’
  • Road Frontage: 383’ along Edgewwod Drive & 383’ along Hwy 371
  • Price Note: See Agent for Financials and Rent Roll.
  • Property Tax Year: 2020
  • Annual Property Tax: $39,896.00
  • Cap Rate: 7.8
  • Property Features / Assets: Building Size: 21,186 SF Total (Currently 6 Tenants); Suite 200: 3,975 SF (Center For Pain Management); Suite 210 & 215: 3,849 SF (Military Recruiting); Suite 225: 3,773 SF (Crossfit Grow); Suite 240: 5,538 SF (Big Stone Therapies); Suite 245: 1,819 SF (Synergy Products); Suite 250: 2,094 SF (Ardor Boutique); Utility Room: 138 SF (Back Side of Suite 225)
  • Water: City
  • Sewer: City
  • Heating: Natural Gas Forced Air
  • Cooling: Central Air - Electric Ground Units
  • Electric – Phase: Single
  • Lighting: Fluorescent & Halogen
  • Year Built: 2007
  • Construction: Wood Frame
  • Foundation: Concrete
  • Roof: Flat
  • Exterior: Cultured Stone & Stucco
  • Ceiling Height: 16’ Open Trusses in Main Areas & 8’ in Office Areas
  • Floor Drains: Bathrooms & Mechanical Rooms
  • Indoor Sprinklers: Yes
  • Bathrooms: Varies per Suite
  • Parking Spaces: 140 Paved Spaces surrounding the center
  • Adjacent Tenants: Phase II Tenants: Center for Pain Management, Military Recruiting, Crossfit Grow, Big Stone Therapies, Synergy Products, and Ardor Boutique; Phase I Tenants: Boulder Tap House, Ecclesiastical Sewing, Knute Nelson and Pearle Vision
  • Neighboring Businesses: Located near Arrowwood Lodge, Jack Pine Brewery, Hollbrook Family Chiropractic, Gull Lake Brick & Fireplace, Infinity Credit Union, Hilltop Trailers, Lakes Audio, Holiday Inn Express, West Side Liquor, VonHanson’s Meats, Morey’s Market, Fitquest, Lake Country Toyota, MN Inboards, Abbra Auto Body & Glass, Party World, Dondelingers, plus numerous others.
  • Traffic Counts: 27,000 on Hwy 371
  • MLS #: 5433467
  • CC File #: 1553
  • Zoning: C-2 Regional Commercial District
  • PID#: 40310554
  • Legal Description: Legacy PID#: 032960010020009. Lot 2, Block 1, Baxter Village. Subject to Easement of record granted to City of Baxter on Doc# 730890
Property Map