Listed by Close-Converse Commercial Properties
$1,500,000
Prairie Bay Restaurant
Details
APN 40310533
Property Type Retail
Sub Type Restaurant
Square Footage 6,802
Tenancy Vacant
Year Built 2003
Buildings 1
Acreage 1.770
Zoning C2 - Regional Commercial
Parking Spaces 84 spaces
Parking Per SqFt 12.35
Investment Type Owner/User
Ceiling Height 9'
15115 Edgewood Drive, Baxter, MN 56425
Marketing description
After years of serving the community, a beloved local catering business is relocating, opening the door to a rare opportunity for an entrepreneur to make their mark in the vibrant restaurant scene. Nestled along the bustling Hwy 371 corridor in Baxter, the former Prairie Bay building is ready to welcome a new chapter. This pristine restaurant offers endless potential with multiple stylish dining areas, a charming bar with additional seating, and a spacious, fully-equipped commercial kitchen featuring a pizza oven. Whether you're looking to create a cozy dining experience or a dynamic culinary hub, this location is primed for success.
Investment highlights
- PRICE REDUCED TO $1,500,000! (Originally $1,700,000)
- 6,802 sq. ft. restaurant building on 1.77 acres
- Multiple stylish dining areas including Main Dining, Banquet Dining, Bar Dining, and Porch Dining
- Charming bar with additional seating
- Spacious, fully-equipped commercial kitchen featuring a pizza oven
- 84 paved parking spaces
- Located along bustling Hwy 371 corridor in Baxter
- High traffic counts: 23,610 (2024) on Hwy 371
- Neighboring businesses include Starbucks, Arby's, Applebee's, Culver's, Target, Menards, and many others
- 2026 Real Estate Taxes: $28,170
- Business Relocating - Equipment List in Property Brochure
Listing Contacts
Listed by Close-Converse Commercial Properties
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
R-1 ResidentialSingle FamilyLow Density Residential
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 24 uses
View all 24 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
