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Office Investment
124 8th Ave NE, Brainerd, MN 56401
For Sale $2,219,000.00
Detailed Brochure

Excellent opportunity to invest in a fully-occupied, single-tenant Brainerd office building. Facility is outfitted with 20 offices, 4 conference rooms, a large open cubicle area, a private cubicle area, mail room, lunch room, classroom and more. This highly visible, easily accessible property is located at the corner of 8th Ave NE and Hwy 25. Exceptional opportunity to add to your portfolio.

  • Purchase Price: $2,219,000.00
  • Directions: From Hwy 210 (Washington Street) / Hwy 371 (S 6th Street) intersection in Brainerd - East on Hwy 210 - Right (south) on 8th Ave NE - Property is on the left (east) at the corner of 8th Ave NE & Hwy 25
  • Building Size Total (Sq. Ft): 38,760
  • Lot Size (Sq. Ft): 165,092
  • Lot Size (Acres): 3
  • Lot Dimensions: 181.56’ x 212.70’ x 357.10’ x 359.50’ x 532.49’
  • Road Frontage: 181.56’ along 8th Ave NE, 359.50’ along 10th Ave NE, and 212.70’ at the corner of 8th Ave NE and Hwy 25
  • Price Note: Building currently leased by Ascensus (South Campus). Triple Net Lease Type. Total Annual Rent: $199,680. See Brochure for Tenant Overview.
  • Property Tax Year: 2019
  • Annual Property Tax: $49,606.00
  • Cap Rate: 9%
  • Water: City
  • Sewer: City
  • Heating: Natural Gas Forced Air
  • Cooling: Central Air - 17 Electric Roof-Top Units
  • Electric – Amps: 12 (200-Amp), 3 (150-Amp) & 1 (100-Amp) Panels
  • Electric – Phase: Single
  • Lighting: Fluorescent
  • Construction: Concrete Block
  • Foundation: Concrete Block
  • Roof: Flat - Rubber Membrane
  • Exterior: Concrete Block & Concrete Panels
  • Ceiling Height: Open Areas: 10'
  • Ceiling Height - Office: 9'
  • Bathrooms: 4
  • Parking Spaces: 230 Paved Asphalt Spaces
  • Neighboring Businesses: Neighboring businesses include Nelson-Doran Funeral Home, Brainerd Learning Center, Atek Companies, US Army Reserves, Caribou, Subway, Ascensus North Campus, Four Seas, Dollar Tree, Cub Foods, Anytime Fitness, Sears Hometown, Dairy Queen, McDonalds, plus numerous others.
  • Traffic Counts: 4,350 - 7,200 on Hwy 25, 16,200 - 23,800 on Hwy 210 (Washington Street) and 1,500 on 10th Ave NE
  • MLS #: 5261399
  • CC File #: 1527
  • Zoning: B-4 General Business
  • PID#: 41190512
  • Legal Description: Legacy PID# 092120010030009. Lot 3 Block 1 Except Minerals, Bakken’s Addition
Property Map