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7658 Design Dr 5,806 SF 100% Leased Office Building Baxter, MN 56425 $899,000 ($154.84/SF) 8.99% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Office Building Investment!
  • See Agent for Rent Roll & Proforma!
  • 9.0% Cap Rate!
  • $28,000 in Building Improvements & $20,000 in Leasehold Improvements!

EXECUTIVE SUMMARY

Excellent four-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, 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-7658

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
8.99%
NOI
$80,800
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
C2 - Regional Commercial

AMENITIES

  • Central Heating
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • -
  • -
  • -
  • -

Ameriprise Financial Services is a subsidiary of Ameriprise Financial, a diversified financial services company founded in 1894 and headquartered in Minneapolis, Minnesota. The firm offers comprehensive financial planning, investment management, and retirement solutions through a nationwide network of advisors. Ameriprise operates under a publicly traded parent company listed on the NYSE under the ticker symbol AMP. Its services include wealth management, asset management, insurance, and banking products, serving both individual and institutional clients. Ameriprise Financial has grown through acquisitions and strategic expansions, including Columbia Threadneedle Investments for global asset management. The company emphasizes personalized advice and integrated financial solutions to help clients achieve long-term goals.

  • Bridgework Counseling
  • -
  • -
  • -
  • Modified Gross
  • Mar 2028
  • Health Care and Social Assistance
  • -
  • -
  • Triple Net
  • May 2029

At St. Croix Hospice, their highly skilled team is devoted to providing patient-centric care which empowers the unique voices of all those they serve. They are steadfast in engaging you, your family and caregivers in the design and implementation of your care. They make sure your care and comfort are provided in a dignified way and in accordance with your unique preferences and personal values. At St. Croix Hospice, they recognize the significance of each precious, end-of-life journey and they do all they can to provide an empowering hospice experience.

  • ZPG Capital
  • -
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance - - - -
Bridgework Counseling - - - Modified Gross Mar 2028
Health Care and Social Assistance - - Triple Net May 2029
ZPG Capital - - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
031870020020009
Land Assessment
$89,200
Improvements Assessment
$419,200
Total Assessment
$508,400
  • Listing ID: 39000348

  • Date on Market: 1/7/2026

  • Last Updated:

  • Address: 7658 Design Dr, Baxter, MN 56425

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