218-829-1777
MLS# 6732823 -
Baxter Office

15244 State Hwy 371
Baxter, MN 56425
218-829-1777
info@positiverealty.com

Nisswa Office

4820 County Rd. 77
Nisswa, MN 56468
218-829-1777
info@positiverealty.com

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PROPERTY HIGHLIGHTS - Property has a boiler system for heat; the front portion of building has central rooftop unit for A/C, and other portions have window A/C units 2008 roof - 3-year old rubber membrane roof on front of building; shingled roof on back side of building - Washer, dryer, breakroom, and storage in lower level - 21'x20' detached garage, 2-stalls - Recent Renovations: New 10'x 25' shed, new shower and kitchen in residential portion, new concrete apron for driveway, painted exterior in 2022, new gutters, new 40 gallon water heater, new awning, new double pane windows for residential portion, new doors upstairs Lower-level laundry - Seconds from shopping destinations: Grocery, retail, restaurants, and coffee shops Seller willing to leaseback the main and lower level for 3 years at $3,000/month. The AIRBNB has averaged $2,252/month over the last 18 months. Assuming those numbers, below is how the property performs financially: Gross Income: $63,024 Operating Expenses:$25,609 Debt Service: $27,345 (25% down payment, $450K purchase price, 6.50% interest rate, 25 year amortization) Cash Flow After Debt Service: $10,069 Cap Rate: 8.31% Cash on Cash: 8.95%

Keller Williams Premier Realty Lake Minnetonka is the brokerage office representing the seller for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jun 6 2025 4:57PM.

PROPERTY HIGHLIGHTS - Property has a boiler system for heat; the front portion of building has central rooftop unit for A/C, and other portions have window A/C units 2008 roof - 3-year old rubber membrane roof on front of building; shingled roof on back side of building - Washer, dryer, breakroom, and storage in lower level - 21'x20' detached garage, 2-stalls - Recent Renovations: New 10'x 25' shed, new shower and kitchen in residential portion, new concrete apron for driveway, painted exterior in 2022, new gutters, new 40 gallon water heater, new awning, new double pane windows for residential portion, new doors upstairs Lower-level laundry - Seconds from shopping destinations: Grocery, retail, restaurants, and coffee shops Seller willing to leaseback the main and lower level for 3 years at $3,000/month. The AIRBNB has averaged $2,252/month over the last 18 months. Assuming those numbers, below is how the property performs financially: Gross Income: $63,024 Operating Expenses:$25,609 Debt Service: $27,345 (25% down payment, $450K purchase price, 6.50% interest rate, 25 year amortization) Cash Flow After Debt Service: $10,069 Cap Rate: 8.31% Cash on Cash: 8.95%

Keller Williams Premier Realty Lake Minnetonka is the brokerage office representing the seller for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jun 6 2025 4:57PM.

PROPERTY HIGHLIGHTS - Property has a boiler system for heat; the front portion of building has central rooftop unit for A/C, and other portions have window A/C units 2008 roof - 3-year old rubber membrane roof on front of building; shingled roof on back side of building - Washer, dryer, breakroom, and storage in lower level - 21'x20' detached garage, 2-stalls - Recent Renovations: New 10'x 25' shed, new shower and kitchen in residential portion, new concrete apron for driveway, painted exterior in 2022, new gutters, new 40 gallon water heater, new awning, new double pane windows for residential portion, new doors upstairs Lower-level laundry - Seconds from shopping destinations: Grocery, retail, restaurants, and coffee shops Seller willing to leaseback the main and lower level for 3 years at $3,000/month. The AIRBNB has averaged $2,252/month over the last 18 months. Assuming those numbers, below is how the property performs financially: Gross Income: $63,024 Operating Expenses:$25,609 Debt Service: $27,345 (25% down payment, $450K purchase price, 6.50% interest rate, 25 year amortization) Cash Flow After Debt Service: $10,069 Cap Rate: 8.31% Cash on Cash: 8.95%

Keller Williams Premier Realty Lake Minnetonka is the brokerage office representing the seller for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jun 6 2025 4:57PM.

PROPERTY HIGHLIGHTS - Property has a boiler system for heat; the front portion of building has central rooftop unit for A/C, and other portions have window A/C units 2008 roof - 3-year old rubber membrane roof on front of building; shingled roof on back side of building - Washer, dryer, breakroom, and storage in lower level - 21'x20' detached garage, 2-stalls - Recent Renovations: New 10'x 25' shed, new shower and kitchen in residential portion, new concrete apron for driveway, painted exterior in 2022, new gutters, new 40 gallon water heater, new awning, new double pane windows for residential portion, new doors upstairs Lower-level laundry - Seconds from shopping destinations: Grocery, retail, restaurants, and coffee shops Seller willing to leaseback the main and lower level for 3 years at $3,000/month. The AIRBNB has averaged $2,252/month over the last 18 months. Assuming those numbers, below is how the property performs financially: Gross Income: $63,024 Operating Expenses:$25,609 Debt Service: $27,345 (25% down payment, $450K purchase price, 6.50% interest rate, 25 year amortization) Cash Flow After Debt Service: $10,069 Cap Rate: 8.31% Cash on Cash: 8.95%

Keller Williams Premier Realty Lake Minnetonka is the brokerage office representing the seller for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at Jun 6 2025 4:57PM.