PENDING!

Excellent two-tenant office investment! The Design Drive Professional Court is comprised of four buildings – and now you can acquire one for a return on your investment. Currently 100% occupied by Bolten & Menk and HearingLife. This property offers a compelling opportunity in a thriving location experiencing significant growth and economic development. This well manicured professional office park boasts easy access in a great Baxter location, situated between Hwy 371 and Golf Course Drive.

• Purchase Price: $850,000.00
• Directions: From Hwy 210/371 intersection in Baxter - North on Hwy 371 - East on Design Road - Design Drive Professional Court is half way down the block on the North
• Building Size Total (Sq. Ft): 5,806
• Building Size Main (Sq. Ft): 5,806
• Lot Size (Sq. Ft): 10,508
• Lot Size (Acres): 0.24
• Lot Dimensions: 74' x 142'
• Road Frontage: 74' on Design Road
• Property Tax Year: 2024
• Annual Property Tax: $13,632.00
• Annual Cash Flow: 74457
• Cap Rate: 8.76% (Based on 2024 Estimated Cash Flow)
• Property Features / Assets: Building Size: 5,809 SF Total; Suite 200: 4,583 SF Rentable (Bolten & Menk); Suite 300: 1,018 SF Rentable (HearlingLife); 34 SF of Common Area has not been allocated to the Tenant's Rentable square footage. See Property Brochure for Tenant Lease Terms.
• Water: City
• Sewer: City
• Heating: Natural Gas Forced Air
• Cooling: Central Air - Electric Ground Units
• Electric – Amps: 200
• Electric – Phase: Single
• Lighting: Recessed Fluorescent
• Year Built: 1995
• Construction: Wood Frame
• Foundation: Concrete Slab
• Roof: Composition Shingles
• Exterior: Stucco & Rock
• Ceiling Height: 9'
• Bathrooms: 2 in the Common Area
• Parking Spaces: Outlot A is a shared paved parking lot shared among all 4 building in the Design Drive Professional Court
• Adjacent Tenants: Professional Court Tenants: Building 7656: HearingLife and Bolten & Menk; Building 7658: St. Croix Hospice and Ameriprise Financial; Building 7676: Bercher Design & Construction, Assa Abloy and Viking Lakes, Inc.; Building 7674: Design Dentistry
• Neighboring Businesses: Neighboring businesses include Lakes Dental, Great River Eye Clinic, Northwestern Mutual Financial Network, Brainerd Lakes Area Psychiatry, Clasen & Schiessl CPA, Bremer Bank, Fleet Farm, Mills GM, Kohls, Gander Outdoors, Verizon, Chipotle, Caribou Coffee, Nutrishop, Aspen Dental, Jersey Mikes, Five Guys, Taco Bell, Cub Foods, Target, plus numerous others.
• Traffic Counts: 29,083 (2023) on Hwy 371, 1,400 (2019) on Design Road, and 5,300 (2019) on Golf Course Drive
• MLS #: 6627974
• CC File #: 1765
• Zoning: C-2 Regional Commercial
• PID#: 40050606
• Legal Description: Lot 1 Block 2 & Undivided 1/4 interest in Outlot A, Rutman Bercher Addition