PENDING!

Excellent opportunity to invest in an office/retail strip center! Northwood Plaza is located in Baxter on a prime corner near several big-box retailers including Costco, Home Depot, Hobby Lobby and Super Wal-Mart. Current tenants enjoy high traffic counts, excellent visibility and synergistic neighbors in a growing commercial area.

• Purchase Price: $2,800,000.00
• Directions: From Hwy 210/371 intersection in Baxter - West on Hwy 210 - Left (South) on Elder Drive - Property is the SW corner of Elder Drive and Forthun Road
• Building Size Total (Sq. Ft): 14,801
• Building Size Main (Sq. Ft): 14,801
• Lot Size (Sq. Ft): 106,799
• Lot Size (Acres): 2.45
• Lot Dimensions: 345.36’ x 297.42’ x 326.34’ x 343.34’
• Road Frontage: 345.36’ on Elder Drive, 297.42’ on Forthun Road and 326.34 on Isle Drive
• Property Tax Year: 2025
• Annual Property Tax: $50,526.00
• Cap Rate: 9.1% (Based on Proforma)
• Property Features / Assets: Plaza Size: 14,801 SF Total; Suite 100: 1,808 SF (LEASED - Greenhaven Family Dental); Suite 120: 2,838 SF (LEASED - Sleep Center of Central MN); Suite 130: 1,554 SF (Artisan Windows & Doors); Suite 140: 1,550 SF (LEASED - Miracle Ear); Suite 150: 3,025 SF (LEASED - Incoming Retail Tenant); Suite 160: 4,026 SF (LEASED - Play It Again Sports)
• Water: City
• Sewer: City
• Heating: Natural Gas Forced Air
• Cooling: Central Air - Electric Ground Units
• Electric – Amps: 200
• Electric – Phase: Single
• Lighting: Fluorescent
• Year Built: 2006
• Construction: Wood Frame
• Foundation: Concrete Block
• Roof: Asphalt Shingles
• Exterior: Stucco & Cultured Stone
• Ceiling Height: 8' - 12'
• Bathrooms: 2 per Space
• Highspeed Internet: Fiber Optic Available
• Parking Spaces: 96 Shared Paved Parking Spaces
• Adjacent Tenants: Greenhaven Family Dental, Sleep Center of Central Minnesota, Artisan Windows & Doors, Miracle Ear, Play It Again Sports, and Incoming Retail Tenant (See Agent for Rent Roll Info)
• Neighboring Businesses: Nearby businesses include El Tequila, Ulta, PetSmart, TJ Maxx, Dick’s Sporting Goods, Costco, Centra Care, Wings Financial, Home Depot, Walmart, Domino’s, Baxter Dental, Jiffy Lube, Discount Tire, DN Nails, MMFCU, Riverstone Professional Center, CRMC, Essentia Baxter Clinic, Kohls, Fleet Farm, Cub Foods, plus numerous others.
• Traffic Counts: 21,170 (2024) - 27,810 (2023) on Hwy 371, 13,299 (2024) - 27,053 (2024) on Hwy 210 and 10,436 (2023) on Elder Drive
• MLS #: 6224759
• CC File #: 1663
• Zoning: C2 - Regional Commercial
• PID#: 40070585
• Legal Description: Lot 1 Block 1, Elder Acres First Addition