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SOLD! Multi-Tenant Investment

Listed by Nate Grotzke


Property Description: SOLD! Prime investment opportunity in Baxter. The Nelson Professional Center is located just off the busy Hwy 371 corridor providing a convenient location for employees and clients alike. Make a great return on your investment with this multi-tenant office complex that is 100% occupied with 4 strong tenants.

Listing Details

mls: 4941416
CC File #: 1480
Address: 7636 Design Drive
City: Baxter
State: MN
Zip: 56425
Zoning: C2-Regional Commercial
PID#: 031470010040009
Legal Description: Lot 4 Block 1 Citizen's Addition
Lot Size : Acres: 0.98
Lot Size : Sq.Ft.: 42,615
Lot Dimensions: 150' x 284.1'
Building Size : Total Sq. Ft.: 9,300
Building Size : Main Level Sq. Ft.: 9,300
Sale Price: $624,900.00
Annual Cash Flow: $59,313.00
Cap Rate: 9.5

Directions: From the Baxter Hwy 210/371 intersection - North on Hwy 371 - Right (East) on Design Drive - Nelson Professional Center is on the Left (North)
Property Features & Assets: 9,300 SF Bldg is 100% occupied with 4 tenants.

Property Features

Water: City
Sewer: City
Heating: Natural Gas Forced Air
Cooling: Central Air
Lighting: Fluorescent
Year Built: 1981
Year Remodeled: 1985
Construction: Wood Frame
Foundation: Concrete Slab
Roof: Composition Shingles
Exterior: Steel Siding & Stone
Traffic Counts: 24,500 on Hwy 371 and 5,500 on Golf Course Drive
Confidentiality Agreement: Ask Agent for Financials and Detailed Brochure
Property Tax Year: 2018
Annual Property Tax: $14,174.00
Ceiling Height: 9'
Bathrooms: 9 (throughout building)
High-Speed Internet: Yes
Parking Spaces: 45 Shared Paved Spaces
Road Frontage: 150' along Design Drive
Adjacent Tenants: Current Tenants: Great River Eye Clinic, Northwestern Mutual Cowell, Northwestern Mutual - Bertram, and Noble Title
Neighboring Businesses: Nearby businesses include Design Dentistry, Ameriprise Financial, Brainerd Lakes Wellness, Bercher Design & Construction, Bremer Bank, Fleet Farm, Mills GM, Kohl's, Lakes Dental, Health First Chiropractic, plus many others.
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Information provided by members of Greater Lakes Association of Realtors. Copyright 2009 Greater Lakes Multiple Listings Service. All rights reserved. Information is deemed reliable but not guaranteed.