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15115 Edgewood Drive
Baxter, MN 56425
Asking Price
$1.50M
Asset Type
Restaurant Retail
Class
Class B
What's Special
15115 Edgewood Drive, Baxter, MN 56425 <ul><li>PRICE REDUCED TO $1,500,000! (Originally $1,700,000)</li><li>6,802 sq. ft. restaurant building on 1.77 acres</li><li>Multiple stylish dining areas including Main Dining, Banquet Dining, Bar Dining, and Porch Dining</li><li>Charming bar with additional seating</li><li>Spacious, fully-equipped commercial kitchen featuring a pizza oven</li><li>84 paved parking spaces</li><li>Located along bustling Hwy 371 corridor in Baxter</li><li>High traffic counts: 23,610 (2024) on Hwy 371</li><
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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179