INTRO Lease Rate of $10/SF!

Discover a prime investment opportunity in a well-maintained retail building along a high-traffic corridor in Baxter! This property features a single tenant in a small space, with the rest of the building available for an owner-occupier or new tenant. The lease space includes open retail, upper-level office areas, generous storage, and a warehouse with a 14’ overhead door and adjustable loading platform. With a new roof and siding (2023) and eye-catching digital signage, this property is designed for success. Located near complementary businesses, it offers both visibility and convenience for your next venture.

• Purchase Price: $695,000.00
• Lease Price (Sq. Ft): $10.00
• 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
• Lease Type: Triple Net
• Terms of lease: INTRO Lease Rate of $10/SF!
• Property Tax Year: 2024
• Annual Property Tax: $11,720.00
• 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: 6611394; Lease: 6592926
• CC File #: 1742
• Zoning: C2 - Regional Commercial
• PID#: 40080511