20621 Hidden Paradise RdBrainerd, MN 56401

Property Details for 20621 Hidden Paradise Rd

Year built

1993

Construction

WOOD FRAME

Lot size

22.97 AC

Property size (Sq ft)

4,262 SF

Property type

Hotels

APN

99010502

APU

99010502

Description

Exceptional opportunity to acquire a thriving resort nestled on the shores of North Long Lake in Brainerd, Minnesota. This well-established property boasts 52.43 acres of land, including over 900 feet of prime lake frontage, providing ample space for expansion and development. The resort currently features 84 seasonal campsites, each equipped with individual electrical, septic, and well hookups, ensuring guest comfort and convenience. In addition to the seasonal sites, there are four daily rental sites and four cabins available for weekly rentals from May 1st to October 1st, generating consistent revenue streams. Two extensive dock systems, one measuring approximately 400 feet and the other 550 feet, cater to boating enthusiasts. The property also includes a spacious four-bedroom, single-level home with a walkout basement. Both levels are fully equipped with kitchens and bathrooms, offering comfortable living quarters. The home is further enhanced by a Generac backup generator, ensuring uninterrupted power supply. With over 26 acres of undeveloped land, this property presents significant potential for future growth and development, capitalizing on the strong demand for recreational properties in Minnesota's renowned vacation destination. The property's loyal customer base and prime location guarantee a strong return on investment. Priced at $6,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $890,028

  6.5%

  $821,565

  7%

  $762,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $511,201

  Geo Method

  $511,201

• Alternative Use

  Use

  Valuation

  Residential

  $896,910

  Hospitality

  $821,565

  Educational

  $683,532

  Medical

  $707,040

  Retail

  $1,063,272

Location Insight

City

Brainerd

County

Crow Wing

State

Minnesota

Latitude

46.4514

Longitude

-94.2544

CBSA code

14660

CBSA name

BRAINERD, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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