613-623 Maple St - Office FOR SALE
Brainerd, MN 56401 |
$599,000 USD
754-216-1154
613-623 Maple St
Brainerd, MN 56401
HIGHLIGHTS
- Stable in-place cash flow from 5 established local service-oriented tenants, including VFW Post, Dental Care, Hair & Beyond, Lotus Spa.
- Offered at just $80.16 PSF for a 7,623 SF multi-tenant retail asset, presenting investors with an affordable entry point and long-term appreciation.
- Several tenants are paying below-market rental rates, creating a clear opportunity for future NOI growth through lease renewals and strategic.
- 3 tenants are currently on month-to-month leases, allowing new ownership to adjust rents to market, negotiate longer-term leases, or reposition.
- Positioned in the heart of Downtown Brainerd with excellent visibility, walkability, and a surrounding base of over 25,000 residents within a 5-mile.
OVERVIEW
We are pleased to exclusively offer for sale the 7,473 SF Downtown Brainerd Shops located at 613–623 Maple Street in Brainerd, MN. Offered at just $80.16 PSF, this multi-tenant retail asset provides investors with an attractive below-replacement-cost entry point, stable income potential, and significant long-term value appreciation opportunities.
In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007 BoR: Scott Reid - Lic. MN #40685006
FOR SALE DETAILS
PRICE
$599,000 USD
PRICE/SF
$79 USD /SF
CAP RATE
8.53%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Downtown Brainerd Shops
PROPERTY TYPE
Office
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1943
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.17 AC
LAND SF
7,623 SF
ZONING
MS
APN/PARCEL ID
09196069001Z009
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754-216-1154
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754-216-1154
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