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PENDING!  Investment Opportunity
15 Washington Street, Brainerd, MN 56401
For Sale $575,000.00
Detailed Brochure

PENDING!

Excellent 4-tenant investment property located on Washington Street in Brainerd, just east of the Mississippi River. Currently 100% occupied, this investment is a great opportunity for substantial returns. Moreover, the location of this property offers inherent advantages. Washington Street serves as a bustling thoroughfare, attracting both foot and vehicular traffic, thus enhancing the visibility and accessibility of the spaces for tenants and clients alike. Investing in this prime office property presents an opportunity to tap into the burgeoning economic landscape of Brainerd while benefiting from the security of full occupancy. Whether you’re a seasoned investor seeking to diversify your portfolio or a newcomer looking to capitalize on the potential of commercial real estate, this property offers a compelling proposition.

  • Purchase Price: $575,000.00
  • Directions: From Hwy 210 (Washington Street) / Hwy 371 (S 6th Street) intersection in Brainerd - West on Washington Street 5 blocks - South on East River Road (1st Street) - Property is on the East, just after Laurel Street
  • Building Size Total (Sq. Ft): 7,620
  • Building Size Upper (Sq. Ft): 3,810
  • Building Size Lower (Sq. Ft): 3,810
  • Lot Size (Sq. Ft): 20,250
  • Lot Size (Acres): 0.46
  • Lot Dimensions: Irregular
  • Road Frontage: 180’ on Washington Street and 100’ on Chippewa Street
  • Property Tax Year: 2024
  • Annual Property Tax: $12,992.00
  • Cap Rate: 11.5% (From Pro-Forma - See Agent For Details)
  • Property Features / Assets: Building Size: 7,620 SF Total; Upper Level: 3,810 SF: Unit A: 1,506 SF (The Studio); Unit B: 2,053 SF (Land Service Company); Common Area: 251 SF Shared; Lower Level: 3,810 SF: Unit C: 1,246 SF (Harmony Massage); Unit D: 2,165 SF (United Partnership Co.); Common Area: 399 SF Shared
  • Water: City
  • Sewer: City
  • Heating: Natural Gas Forced Air
  • Cooling: Central Air - Electric Ground Units
  • Electric – Amps: 200
  • Electric – Phase: Single
  • Lighting: Fluorescent
  • Year Built: 1998
  • Construction: Wood Frame
  • Foundation: Concrete
  • Roof: Asphalt Shingles
  • Exterior: Vinyl Siding
  • Ceiling Height: 8'
  • Bathrooms: Units A, B & C: 1 Each; Unit D: 2
  • Parking Spaces: 31 Shared Paved Parking Spaces
  • Adjacent Tenants: Lower Level: United Partnership Co. and Harmony Massage; Upper Level: Land Service Company and The Studio
  • Neighboring Businesses: Located close to downtown Brainerd, nearby businesses include North Risk Partners, Vapor North, Dairy Queen, Auto Imports, Legend Outdoors, Greenheck Auto Glass, Hardees, Thrifty White Drug, Allegra Marketing, Ugly Cheesecake, Brainerd Floral Cenex, Brainerd Chamber, Ace Hardware, Caribbean Beach Tan, Brainerd Medical Supply, Walgreens plus numerous others.
  • Traffic Counts: 29,051 (2021) on Washington Street (Hwy 210), and 1,250 (2019) on Kingwood Street
  • MLS #: 6511574
  • CC File #: 1749
  • Zoning: CC - Commercial Corridor
  • PID#: 41251126, 412151140, 41251141 & 41251139
  • Legal Description: Lot 29 Block 2 and N. 24 ft of Lot 30 Block 2 and S. 1 ft of W. 105 ft of Lot 30 Block 2 and W. 105 ft of Lots 31 and 32 Block 2 AND W. 50 ft of Lots 1 and 2 Block 2 and E. 20 ft of S. 1 ft of Lot 30 Block 2, and E. 20 ft of Lots 31 and 32 Block 2 AND E. 75 ft of Lots 1 and 2 Block 2 except the E. 70 ft thereof, and also Lots 3 & 4 Block 2 except the E. 70 ft thereof AND W. 45 ft of Lots 5 & 6 Block 2; A.E. Taylor’s Addition to the Town of Brainerd
Property Map