13495 Elder DrBaxter, MN 56425

Property Details for 13495 Elder Dr

Year built

2006

Lot size

2.45 AC

Property size (Sq ft)

14,857 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

40070585

APU

40070585

Description

Northwoods Plaza, a 14,801 square foot retail strip center in Baxter, Minnesota, presents a compelling investment opportunity. Built in 2006, this property boasts a prime location on a 2.45-acre lot at 13495 Elder Drive, 56425, offering excellent visibility and high traffic counts. Currently, 3,025 square feet of retail space is available for lease within this multi-tenant building. The property features 96 parking spaces, ensuring ample convenience for customers and employees. Its C2 - Regional Commercial District zoning allows for a variety of commercial uses. The building benefits from a 200 Amp, single-phase power supply. Northwoods Plaza enjoys a strategic location near major retailers such as Costco, Home Depot, Hobby Lobby, and Super Walmart, creating a synergistic environment and attracting significant foot traffic. The property's APN is 40070585

• CAP approach

  CAP return

  Valuation

  6%

  $4,015,358

  6.5%

  $3,706,485

  7%

  $3,441,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,910,919

  Geo Method

  $1,910,919

• Alternative Use

  Use

  Valuation

  Residential

  $3,126,558

  Hospitality

  $2,863,911

  Educational

  $2,382,740

  Medical

  $2,464,686

  Retail

  $3,706,485

Location Insight

City

Baxter

County

Crow Wing

State

Minnesota

Latitude

46.3472

Longitude

-94.2497

CBSA code

14660

CBSA name

BRAINERD, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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