$1,800,000
$1,975,000
8.9%For more information regarding the value of a property, please contact us for a free consultation.
3855 Independence RD Baxter, MN 56425
5.14 Acres Lot
Key Details
Sold Price $1,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4606212
Sold Date 09/16/19
Year Built 2006
Annual Tax Amount $43,561
Tax Year 2019
Contingent None
Lot Size 5.140 Acres
Acres 5.14
Lot Dimensions 480x505xIrr
Property Description
The long-term lease on this property yields an 8.4% cap rate. Brock White construction materials supplier, is the tenant. Excellent lease terms make this a superior investment. Additional land is available. The Brainerd Lakes Area is one of the fastest growing regions of Minnesota.
Location
State MN
County Crow Wing
Zoning Industrial
Interior
Heating Forced Air, Radiant Floor, Radiant
Cooling Central Air
Fireplace No
Exterior
Parking Features Asphalt, Open
Garage Spaces 4.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Metal
Present Use Professional/Office, Commercial, Industrial, Warehouse
Building
Foundation 34800
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Log Siding, Metal Siding
Schools
School District Brainerd
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