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Oak Place

603 Oak St, Brainerd, MN 56401

Listing Price: $1,515,756

Cap Rate
8.55%
Gross SF
17,643
Rentable SF
17,643
Price/Gross SF
$85.91
Lot Size
1.00 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to exclusively represent Oak Place, located in Brainerd, MN. This is a unique opportunity to invest in one of Minnesota's most well known lake areas. The area is home to more than 400 lakes in a 30 mile radius and located only 120 miles north of the Minneapolis/St. Paul area making it a premiere destination for residents of the twin cities. Brainerd holds a year-round population of nearly 70,000 people and grows to more than 200,000 in the summer tourism season. Recent growth and redevelopment have led to numerous housing and commercial opportunities in the Brainerd area. This 17,643 SF building is located right off Brainerd's main street, 'Washington Street'. The building has a mix of national, regional, and local tenants, which some have occupied the space for over two decades. Additionally, there is a vacancy that provides upside potential for an investor.

Investment Highlights

  • Located in a top vacation and second home destination, Brainerd chain of lakes Unemployment in the trade area is among the lowest in the nation at 3.2%
  • 25% of the True Trade area has an income of $100,000 or greater Stable investment with additional upside potential
  • Healthy return on your investment starting in year 1 High visibility corner by Brainerd's' Performing Arts Center and YMCA.

Exclusively Listed By

Financing By

Listing Price: $1,515,756

Cap Rate
8.55%
Gross SF
17,643
Rentable SF
17,643
Price/Gross SF
$85.91
Lot Size
1.00 acres
Year Built
1980

Investment Highlights

  • Located in a top vacation and second home destination, Brainerd chain of lakes Unemployment in the trade area is among the lowest in the nation at 3.2%
  • 25% of the True Trade area has an income of $100,000 or greater Stable investment with additional upside potential
  • Healthy return on your investment starting in year 1 High visibility corner by Brainerd's' Performing Arts Center and YMCA.

Investment Overview

Marcus & Millichap is pleased to exclusively represent Oak Place, located in Brainerd, MN. This is a unique opportunity to invest in one of Minnesota's most well known lake areas. The area is home to more than 400 lakes in a 30 mile radius and located only 120 miles north of the Minneapolis/St. Paul area making it a premiere destination for residents of the twin cities. Brainerd holds a year-round population of nearly 70,000 people and grows to more than 200,000 in the summer tourism season. Recent growth and redevelopment have led to numerous housing and commercial opportunities in the Brainerd area. This 17,643 SF building is located right off Brainerd's main street, 'Washington Street'. The building has a mix of national, regional, and local tenants, which some have occupied the space for over two decades. Additionally, there is a vacancy that provides upside potential for an investor.

Exclusively Listed By

Financing By

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