For Sale
$699,000

13794 Bluestem CtBaxter, MN 56425

High-yield executive office, 7.5% cap rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This 3,500 square foot executive office building in Baxter, Minnesota, presents a compelling investment opportunity. Located in the Fairview Office Park along Highway 210, this property benefits from a prime location in a growing area with high traffic counts. Built in 2014, the building features a wood frame construction with concrete block foundation and cement board siding. The roof is asphalt shingle, and the interior boasts 9-foot ceilings, two restrooms, and high-speed fiber internet. Heating is provided by natural gas forced air, and cooling by a central electric ground unit. The 200-amp, single-phase electrical system supports fluorescent lighting. The property sits on a 6,800 square foot lot and offers ample shared paved asphalt parking. Landscaping is complete throughout the development. The building is currently under a gross lease with a five-year term, expiring April 30th, 2030. The lease was renewed in September 2024, with a commencement date of May 1st, 2020, and a security deposit of $3,354.17. The property is zoned OS - Office Service and offers excellent visibility due to its frontage along Highway 210 and Fairview Road. This well-maintained building provides a strong return on investment in a thriving market. The APN numbers are 036130010020009

Highlights

  • Natural gas forced-air heating.
  • Central electric air conditioning.
  • 200-amp, single-phase electrical service.
  • Fluorescent lighting.
  • 2014 construction.
  • Wood-frame construction with concrete block foundation.

Property Details for 13794 Bluestem Ct

Property type
Office properties
Square Feet
3,500 SF
Year Built
2014

Location Insight

City
Baxter
County
Crow Wing
State
Minnesota
Latitude
46.3518341
Longitude
-94.2580524
13794 Bluestem Ct, Baxter, Minnesota

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13794 Bluestem Ct
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