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    The Largest CRE Database in the US with Over 1 Million Listings

    Chris Close, Ccim, Brainerd, MN

    License ID: 20286846
    Close-Converse Commercial Prop
    Years of Experience
    17
    Association
    Greater Lakes Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (218) 828-3334
    Office Address:
    521 Charles St, Brainerd, MN, 56401

    Performance

    Listings
    55
    Total transactions
    61
    Total transactions amount
    $34M
    Price range
    $371k - 836k
    Average price
    $557k

    Listings

    For Sale (51)

    View map
    • $1,500,000
      25.82 Acres

      Hwy 371 Retail Opportunity

      25-Acre Commercial Land, Waitsfield, VT
      371 Hastings Rd, Waitsfield, VT 05673
      View Details
    • $149,000
      2.98 Acres

      Northland Industrial Park Lot

      2.98-acre commercial lot in Brainerd, MN
      L11 Tabor Trl, Brainerd, MN 56401
      View Details
    • $169,000
      2.50 Acres

      Brainerd Commercial Land - $169K

      2.5-acre commercial lot in prime location.
      L5 Tabor Trl, Brainerd, MN 56401
      View Details
    • Contact for pricing
      4,500 SF

      Executive Suites, Baxter, MN

      Prime Office Space in Fairview Park
      0 Bluestem Ct, Baxter, MN 56425
      View Details
    • Contact for pricing
      34.54 Acres

      Prime Brainerd Commercial Land

      Large acreage, ideal for development. Near amenities & Paul Bunyan Trail.
      0 Wise Rd, Brainerd, MN 56401
      View Details
    • $99,000
      1.41 Acres

      Baxter Residential Development Land

      1.41-acre R2 zoned lot, prime location.
      0 Glory Rd, Baxter, MN 56425
      View Details
    • $499,000
      14.27 Acres

      Prime Brainerd Commercial Land

      14 Acres, Hwy 371 Frontage, $499K
      16929 Mn-371, Brainerd, MN 56401
      View Details
    • $1,500,000
      29.90 Acres

      Hwy 371 Commercial Land

      30 Acres, Prime Hwy 371 Location
      0 State Highway 371, Baxter, MN 56401
      View Details
    • $1,500,000
      22.74 Acres

      Hwy 371 Commercial Land Opportunity

      Prime Brainerd Commercial Land, 22.74 Acres
      371 Acre 22.74, Brainerd, MN 56401
      View Details
    • $399,000
      5,440 SF

      Garrison Retail Investment Opportunity

      Prime Retail Space, Hwy 169, MN
      9563 Madison St, Garrison, MN 56450
      View Details
    • $649,000
      0.97 Acres

      Hwy 210 Baxter Commercial Land

      Prime Baxter land, high traffic, Costco visibility.
      0 State Highway 210, Baxter, MN 56425
      View Details
    • $549,000
      49.01 Acres

      Prime Brainerd Commercial Land

      49 Acres, Hwy 371 Frontage, Development Ready
      371 Greenwood St, Brainerd, MN 56401
      View Details
    • $695,000
      5,567 SF

      Baxter Commercial Property

      Versatile 5,567 SF Office/Warehouse
      7837 Excelsior Rd, Baxter, MN 56425
      View Details
    • $169,000
      4,500 SF

      Baxter Creative Office Space

      4,500 SF Office Building Site
      0 Bluestem Ct, Baxter, MN 56425
      View Details
    • $720,554
      20,071 SF

      110 Wall Street, Onamia, MN

      Versatile Commercial Building, Hwy 169 Corridor
      110 Wall St, Onamia, MN 56359
      View Details
    • Contact for pricing
      0.97 Acres

      Costco Pad Sites: Baxter, MN

      Prime commercial land near Costco
      210 Baxter Dr, Baxter, MN 56425
      View Details
    • $649,000
      3.00 Acres

      Brainerd Commercial Land - Hwy 25

      3-Acre Commercial Lot, Hwy 25 Frontage
      0 Hwy 25 & Liberty Ln, Brainerd, MN 56401
      View Details
    • $399,000
      2.38 Acres

      Prime Commercial Land, Brainerd, MN

      2.38 Acres, Mississippi River Views, High Traffic
      0 Washington St, Baxter, MN 56401
      View Details
    • $169,000
      2.57 Acres

      L3 Tabor Trail: Brainerd Commercial Land

      2.57 Acres, C-2 Zoning, Prime Location
      L3 Tabor Trl, Brainerd, MN 56401
      View Details
    • $149,000
      2.50 Acres

      Brainerd Commercial Land Parcel

      2.5-acre lot, prime location, C-2 zoning
      0 Hwy 371 & Tabor Trl, Baxter, MN 56401
      View Details
    • $65,000
      0.46 Acres

      Baxter Office Park Land Plot

      Prime 0.46-acre office lot in Baxter, MN
      Baxter MN Conifer Dr & Brandon Rd, Baxter, MN 56425
      View Details
    • $149,000
      2.50 Acres

      Brainerd Commercial Land Parcel

      2.5-Acre Commercial Lot, Hwy 371
      0 Hwy 371 & Tabor Trl, Baxter, MN 56401
      View Details
    • $84,000
      1.43 Acres

      Brainerd Corner Lot Investment

      1.43-acre multi-family development site
      0 28Th St, Brainerd, MN 56401
      View Details
    • $169,000
      2.83 Acres

      Industrial Lot for Sale in Baxter, MN

      2.83-acre commercial lot in Northland Industrial Park
      L2 Tabor Trl, Brainerd, MN 56401
      View Details
    • $2,200,000
      11.90 Acres

      Baxter Commercial Land - Hwy 371

      11.9 Acres, High-Visibility Hwy 371
      0 Hwy 371/Dellwood Dr, Baxter, MN 56425
      View Details
    • $65,000
      0.46 Acres

      Baxter Commercial Land - $65,000

      Prime Baxter, MN commercial lot. High visibility, easy access.
      L2B2 College Rd, Baxter, MN 56425
      View Details
    • $699,000
      4,500 SF

      Executive Office Building in Baxter, MN

      4,500 SF Office Building, NNN Lease
      13760 Bluestem Ct, Baxter, MN 56425
      View Details
    • $149,000
      2.50 Acres

      Brainerd Commercial Land - $149K

      2.5-acre commercial lot, prime location.
      L8 Tabor Trl, Brainerd, MN 56401
      View Details
    • $649,000
      0.97 Acres

      Hwy 210 Baxter Commercial Land

      Prime Baxter commercial land, high traffic location.
      0 State Highway 210, Baxter, MN 56425
      View Details
    • $199,000
      0.16 Acres

      Baxter Commercial Land - Site 8

      0.16-acre lot, 4,500 SF building footprint, 110 parking spaces.
      0 Bluestem Ct, Baxter, MN 56425
      View Details
    • $149,000
      2.50 Acres

      Brainerd Commercial Land Parcel

      2.5-Acre Commercial Lot, Hwy 371
      0 Hwy 371 & Tabor Trl, Baxter, MN 56401
      View Details
    • $149,000
      2.50 Acres

      L10 Tabor Trl

      Land • 2.50 Acres
      L10 Tabor Trl, Brainerd, MN 56401
      View Details
    • $65,000
      0.55 Acres

      Baxter Commercial Land: Prime Location

      Half-acre lot, ideal office-service business.
      0 Fairview Rd, Baxter, MN 56425
      View Details
    • Contact for pricing
      257.50 Acres

      Baxter Industrial Land - 257 Acres

      Prime Industrial Land, Baxter, MN
      0 Timberwood Dr, Baxter, MN 56425
      View Details
    • $799,000
      2.48 Acres

      Baxter Commercial Land - 2.48 Acres

      Prime Baxter commercial land, high traffic area.
      0 Elder Dr, Baxter, MN 56425
      View Details
    • $725,000
      1.28 Acres

      Hwy 210 Baxter Commercial Land

      Prime 1.28-acre pad site, high traffic.
      0 State Highway 210, Baxter, MN 56425
      View Details
    • $385,000
      1.14 Acres

      Baxter Industrial Land - $385K

      Prime Baxter location, 1.14 acres, high visibility.
      0 Industrial Park Rd, Baxter, MN 56425
      View Details
    • $225,000
      3.28 Acres

      Falcon Drive Retail Investment

      Georgia Retail Property - $225,000
      0 Falcon Dr, Baxter, GA 56425
      View Details
    • $199,000
      2.61 Acres

      L15 Tabor Trail: Prime Brainerd Land

      2.61 Acres, Hwy 371 Commercial Land
      0 Business Hwy 371 & Tabor Trl, Baxter, MN 56401
      View Details
    • $3,652,500
      5.28 Acres

      Hwy 371 & 210 Commercial Land

      Prime Baxter, MN commercial land, high traffic.
      0 Hwy 371 / Hwy 210, Baxter, MN 56425
      View Details
    • $199,000
      1.33 Acres

      Baxter Commercial Land - Hwy 210

      High-traffic corner lot, prime location.
      210 And Cypress Dr, Baxter, MN 56425
      View Details
    • $149,000
      2.50 Acres

      L9 Tabor Trl

      Land • 2.50 Acres
      L9 Tabor Trl, Brainerd, MN 56401
      View Details
    • $250,000
      3.28 Acres

      Baxter Commercial Land - $250K

      3.28-acre commercial lot, prime location.
      0 Of Mid-Mn Federal Credit Un, Baxter, MN 56425
      View Details
    • $185,000
      2.63 Acres

      Industrial Lot in Brainerd, MN

      Prime 2.63-acre commercial lot.
      L1 Tabor Trl, Baxter, MN 56401
      View Details
    • $299,000
      35.28 Acres

      35-Acre Baxter Development Land

      Prime Baxter land, ideal for residential development.
      6005 Oakdale Rd, Baxter, MN 56425
      View Details
    • $1,250,000
      23.51 Acres

      Hwy 371 Commercial Land

      23.51 Acres, Prime Brainerd Location
      0 State Highway 371, Baxter, MN 56401
      View Details
    • $169,000
      2.50 Acres

      Prime Brainerd Commercial Land

      2.5-Acre C-2 Zoned Lot, $169,000
      L4 Tabor Trl, Brainerd, MN 56401
      View Details
    • $199,000
      2,406 SF

      Crosby Mixed-Use Commercial Building

      Prime Crosby location, retail & residence.
      20 3Rd Ave, Crosby, MN 56441
      View Details
    • $639,000
      20,071 SF

      Onamia Commercial Building - Hwy 169

      Large building, high-traffic location, multiple uses.
      110 Wall St, Onamia, MN 56359
      View Details
    • $699,000
      5,806 SF

      Baxter Office Building - Design Drive

      Prime Baxter office space, turnkey & convenient.
      7658 Design Rd, Baxter, MN 56425
      View Details
    • $1,400,000
      9,180 SF

      Baxter Industrial Park Gem

      High-visibility warehouse, office space available.
      7548 Industrial Park Rd, Baxter, MN 56425
      View Details

    For Lease (4)

    View map
    • Contact for pricing
      23,484 SF

      Pequot Lakes Warehouse Space Available

      Industrial Warehouse: 2,808-4,002 SF
      31190 Edgewater Farm Dr, Pequot Lakes, MN 56472
      View Details
    • $10 SF/Yr
      6,311 SF

      Baxter Commercial Space For Lease

      6,311 SF Multi-Use Building, High Visibility
      7837 Excelsior Rd, Baxter, MN 56425
      View Details
    • $6 SF/Yr
      14,105 SF

      Brainerd Medical Office Space

      Turn-key medical suites available. Ample parking.
      1903 6Th St, Brainerd, MN 56401
      View Details
    • $12 SF/Yr
      17,912 SF

      Brainerd Executive Office Space

      Prime Brainerd location, 1,242 sq ft available.
      603-625 Oak St, Brainerd, MN 56401
      View Details

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    Chris Close, Ccim, Brainerd, MN
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Chris Close, Ccim, Brainerd, MN
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