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7656 Design Dr 5,806 SF 100% Leased Office Building Baxter, MN 56425 $899,000 ($154.84/SF) 8.23% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Office Building Investment!
  • See Agent for Rent Roll & Proforma!
  • 8.2% Cap Rate!
  • $24,000 in Building Improvements!

EXECUTIVE SUMMARY

Excellent two-tenant office investment! The Design Drive Professional Court is comprised of four buildings - and now you can acquire one for a return on your investment. Currently 100% occupied by Bolten & Menk and Hearing Life. This property offers a compelling opportunity in a thriving location experiencing significant growth and economic development. This well manicured professional office park boasts easy access in a great Baxter location, situated between Hwy 371 and Golf Course Drive.

ATTACHMENTS

Lauer-7656

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
5,806 SF
Building Class
B
Year Built
1995
Price
$899,000
Price Per SF
$154.84
Cap Rate
8.23%
NOI
$74,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,806 SF
Building FAR
0.56
Lot Size
0.24 AC
Zoning
C-2 - Regional Commercial

AMENITIES

  • Central Heating
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

It all began in a small garage in 1949 with two hard-working Midwesterners – John Bolton & Martin Menk. They saw people in their surrounding communities who had dreams of a bright future, a desire to grow, and a common challenge of aging infrastructure. John and Martin’s goal was to help communities make progress by listening to what people want, finding the best solutions for their needs, and treating them right. Their legacy lives on. Two men in suits and hats stand before a small brick building labeled Bolton & Menk Engineers. Emphasizing their commitment to infrastructure solutions, the scene, set in a past era, includes a door, windows, and a nearby shrub. They believe all people should live in safe, sustainable, and beautiful communities. Infrastructure systems are fundamentally linked to the extent to which communities are able to thrive. Infrastructure systems serving thriving communities are developed through embracing a diversity of people, thoughts, and experiences.

  • Health Care and Social Assistance
  • -
  • -
  • Triple Net
  • -

HearingLife is a national hearing care company founded in 1904 and headquartered in Somerset, New Jersey. The organization operates more than 650 hearing centers across 42 states, including its Manlius, New York location. HearingLife specializes in diagnostic hearing evaluations, hearing aid fittings, and long-term audiological care. The company is part of the Demant Group, a global leader in hearing healthcare that also owns brands such as Oticon, Bernafon, and Sonic. HearingLife employs licensed audiologists and hearing instrument specialists to deliver personalized care and advanced hearing technology. The company is privately held and emphasizes a results-oriented approach to hearing health through professional expertise and comprehensive aftercare programs.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Professional, Scientific, and Technical Services - - - -
Health Care and Social Assistance - - Triple Net -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
031870020010009
Land Assessment
$89,200
Improvements Assessment
$385,500
Total Assessment
$474,700
  • Listing ID: 39000066

  • Date on Market: 1/7/2026

  • Last Updated:

  • Address: 7656 Design Dr, Baxter, MN 56425

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