PENDING!

PRICED REDUCED TO $649,900 (Originally $695,000)!

INTRO Lease Rate of $8/SF!

Discover a prime investment opportunity in a well-maintained retail/office building along a high-traffic corridor in Baxter! This property benefits from an established, long-term tenant occupying a portion of the building, offering reliable rental income that helps offset ownership expenses. The existing tenant adds immediate financial stability while leaving ample space available for flexible leasing or owner occupancy. The versatile building includes open retail space, upper-level office areas, generous storage, and a warehouse featuring a 14’ overhead door with an adjustable loading platform. Recent upgrades such as a new roof and siding (2023), along with eye-catching digital signage, enhance visibility and appeal. Located near complementary businesses, this strategic asset combines secure cash flow, convenience, and growth potential—ideal for investors or owner-users aiming to maximize value.

Purchase Price: $649,900.00
Lease Price (Sq. Ft): $8.00
Directions: From Hwy 210/371 intersection in Baxter - North on Hwy 371 - East on Excelsior Road - Property is on the South, just before Super One
Building Size Total (Sq. Ft): 6,311
Building Size Main (Sq. Ft): 5,107
Building Size Upper (Sq. Ft): 1,204
Lot Size (Sq. Ft): 22,169
Lot Size (Acres): 0.50
Lot Dimensions: 110.04' x 200.06'
Road Frontage: 110.04' on Excelsior Road
Lease Size Total (Sq. Ft): 5,567
Lease Size Main (Sq. Ft): 4,363
Lease Size Upper (Sq. Ft): 1,204
Original Price: $695,000.00
Price Note: PRICED REDUCED TO $649,900 (Originally $695,000)!
Lease Type: Triple Net
Terms of lease: INTRO Lease Rate of $8/SF!
Property Tax Year: 2025
Annual Property Tax: $12,692.00
Property Features / Assets: Building Size: 6,311 SF Total; West Space: 436 SF (Bursch Travel); East Space: 5,567 SF Total AVAILABLE (Main Level: 4,363 SF; Upper Level: 1,204 SF); Common Area: 308 SF (Shared)
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: 2002
Year Remodeled: 2023 (New Roof & Siding)
Construction: Wood Frame
Foundation: Concrete
Roof: Asphalt Shingles
Exterior: Vinyl Siding & Brick Facia
Ceiling Height: Retail: 14'; Offices: 8'; Warehouse: 16' - 18'
Overhead Doors: East Space: 1 (12'W x 14'H)
Bathrooms: Shared: 2 on Main Level; East Space: 1 on Upper Level
Parking Spaces: 18 Paved Parking Spaces
Adjacent Tenants: Bursch Travel
Neighboring Businesses: Neighboring businesses include Super One, Central MN Retinal Specialists, Elite Title, Advantage PCA, The Paper Plan-It, Agency One, Edward Jones, Northern Family Chiropractic, Midwest Family Eye, MN Regenerative Institute, Pine Lakes Endodontics, Salon El Rio, Lakes Area Eyecare, Re/Max Results, Kohls, Fleet Farm, Ippin Ramen, Papa Murphy’s, AmericInn, Country Hearth, plus numerous others.
Traffic Counts: 7,900 (2019) on Excelsior Road, 2.300 (2019) on Cypress Drive, 5,300 (2019) on Golf Course Road, and 27,888 (2021) on Hwy 210
MLS #: Sale: 6687847; Lease: 6687850
CC File #: 1742
Zoning: C2 - Regional Commercial
PID#: 40080511