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Baxter Village PI 15670 Edgewood Dr 19,811 SF 100% Leased Retail Building Baxter, MN 56401 $3,700,000 ($186.76/SF) 7.90% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 7.9% Cap Rate (Based on Proforma)
  • Established Tenants plus Boulder Tap House as an Anchor!
  • Invest in Baxter Village!

EXECUTIVE SUMMARY

Prime investment opportunity at Baxter Village! Position yourself for long-term success with the purchase of Baxter Village, a premier retail and office center strategically located along the thriving Hwy 371 corridor. This well-maintained property features several established tenants with Boulder Tap House as the anchor, offering a strong and stable income stream. With excellent visibility, convenient access, and high traffic counts, Baxter Village is situated in one of Central Minnesota’s most active commercial districts. The property benefits from a diverse tenant mix including restaurant, retail, medical, and service businesses—creating built-in synergy and long-term value for investors. Highlights include a spacious parking lot, professional curb appeal, and a growing local population that continues to fuel demand. This is a rare chance to acquire an income-producing retail center in a prime Baxter location.

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Building Size
19,811 SF
Year Built
2005
Price
$3,700,000
Price Per SF
$186.76
Cap Rate
7.90%
NOI
$292,300
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
2.65 AC
Zoning
C2 - Commercial
Parking
122 Spaces (6.16 Spaces per 1,000 SF Leased)
Frontage
329’ on Hwy 371

AMENITIES

  • Restaurant
  • Signage
  • Air Conditioning

NEARBY MAJOR RETAILERS

CrossFit
Toyota
Grizzly's Grill N' Saloon
Starbucks
Caribou Coffee
  • Listing ID: 37649442

  • Date on Market: 9/12/2025

  • Last Updated:

  • Address: 15670 Edgewood Dr, Baxter, MN 56401

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