302 5Th AveBrainerd, MN 56401

Property Details for 302 5Th Ave

Year built

1985

Lot size

0.28 AC

Property size (Sq ft)

8,373 SF

Property type

Retail space

APN

41191905

APU

41191905

Description

This exceptional 13,359 square foot retail property, situated on a 0.28-acre lot at 302 5th Avenue NE in Brainerd, Minnesota, presents a compelling investment opportunity. Located on the bustling Highway 210 (Washington Street) corridor in East Brainerd, this highly visible and easily accessible location offers significant advantages for businesses seeking high traffic exposure. The property boasts a spacious, open retail area ideal for a variety of uses, complemented by ample storage space equipped with two convenient loading docks. A mezzanine level provides additional office space, enhancing functionality and operational efficiency. The surrounding area thrives with a strong commercial presence, including established businesses such as Dairy Queen, McDonald's, Anytime Fitness, Cub Foods, and Dollar Tree, creating a synergistic and attractive environment for new or expanding businesses. This property's prime location and versatile layout make it an exceptional choice for retailers or office-service businesses seeking a prominent position in a vibrant commercial hub. The asking price is $8 million. This is a rare opportunity to secure a well-positioned, substantial retail space in a high-traffic area of Brainerd. Don't miss out on this chance to establish or expand your business in a thriving commercial neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,262,946

  6.5%

  $2,088,874

  7%

  $1,939,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,076,942

  Geo Method

  $1,076,942

• Alternative Use

  Use

  Valuation

  Residential

  $1,762,043

  Hospitality

  $1,614,022

  Educational

  $1,342,847

  Medical

  $1,389,030

  Retail

  $2,088,874

Location Insight

City

Brainerd

County

Crow Wing

State

Minnesota

Latitude

46.3623

Longitude

-94.1817

CBSA code

14660

CBSA name

BRAINERD, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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