3855 Independence Rd
Baxter, MN 56425

$1,975,000

Description

The long-term lease on this property yields an 8.4% cap rate. Brock White construction materials supplier, is the tenant. Excellent lease terms make this a superior investment. Additional land is available. The Brainerd Lakes Area is one of the fastest growing regions of Minnesota.

Details

MLS#4606212
Sub-TypeResale
StatusActive
Year2006
Days On Site1511

Features

SQ Feet34,800
Story(s)1
Units1
ZoningIndustrial

Market Activity 56425

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Area Information

StateMN
CountyCrow Wing
CityBaxter
Zip Code56425
AreaBaxter (MN)
Listing VS Median (in 56425)
Price:
$1,975,000
low | high
Med:
$159,900
100% of Average
SqFt:
34,800
low | high
Med:
1,456
100% of Average
$ / SqFt:
$57
low | high
Med:
$110
43.508137432189% of Average
On Site:
1511
low | high
Med:
158
100% of Average
Listing Updated: 07/21/2019
MLS Number: 4606212
Listing Provided By:
Rod Osterloh  of  Close-Converse Commercial Prop
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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