• PIC1
  • PIC2
  • BLDG19SALE
  • AERIAL-Gazelka
Office/Retail Investment
15229 Edgewood Drive, Baxter, MN 56425
For Sale $899,000.00

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: $899,000.00
  • Directions: From the Baxter Hwy 210/371 intersection - North on Hwy 371 - Left (west) onto Woida Road - Right (north) on Edgewood Drive - The Center is located on the left (west) just after Slumberland
  • Building Size Total (Sq. Ft): 9,550
  • Building Size Main (Sq. Ft): 9,550
  • Lot Size (Sq. Ft): 40
  • Lot Size (Acres): 0.92
  • Lot Dimensions: 115' x 338.24' x 100' x 395.31'
  • Road Frontage: 115' along Edgewood Drive and Hwy 371
  • Price Note: Financials and detailed Brochure available with signed Confidentiality Agreement.
  • Property Tax Year: 2019
  • Annual Property Tax: $22,682.00
  • Cap Rate: 8.4% (Based on 12 month projection beginning September 1, 2019)
  • Water: City
  • Sewer: City
  • Heating: Natural Gas Forced Air
  • Cooling: Central Air
  • Electric – Phase: Single
  • Year Built: 1981
  • Construction: Wood Frame
  • Foundation: Concrete
  • Roof: Steel
  • Exterior: Cultured Stone & Log Siding
  • Ceiling Height - Office: 8' - 12'
  • Ceiling Height - Warehouse: 14'
  • Overhead Doors: Suite 105: 1 (10’ W x 10’ H) Occupied by Tenant 100; Suite 110: 1 (10’ W x 10’ H) & 1 (10’ W x 12’ H)
  • Parking Spaces: 20+ Shared Paved Parking Stalls in front and behind the entire Strip Center (Some parking is leased - see Agent for details)
  • Adjacent Tenants: GreenSource Inc, EPSCO, Safelite Auto Glass, Framing Connection, Crow Wing Chiropractic and Roggenkamp Tax & Accounting
  • Neighboring Businesses: Located near Slumberland, Johnson Mini Storage, China Garden, Grizzly's Grill 'n Saloon, Caribou Coffee, Cold Stone Creamery, Starbucks, Subway, Verizon, Arby's, Prairie Bay, Comfort Suites, Country Inn & Suites, Menards, Applebee's, Culvers, Sleep Number, plus numerous others.
  • Traffic Counts: 27,000 on Hwy 371
  • MLS #: 5142748
  • CC File #: 1139
  • Zoning: C2-Regional Commercial District
  • PID#: 030314400AA0009
  • Legal Description: Lengthy - See Brochure
Property Map