Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7066 Wels Ave Brainerd, MN 56401

    View on Map
    Sponsored
    For Sale
    $118,000

    Lots & Land - Crow Wing Twp, MN

    Lot size:
    2.23 Acres
    Days on Market:
    38
    Last Refresh:
    Mar 6 at 12:06 pm

    Property Features for 7066 Wels Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Single Family
    APN
    56090707
    Lot size
    2.23 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Banks
    Travis Banks

    Weichert,Realtors-Tower Properties (218) 825-7787

    Listing agent Travis Banks (218) 825-7787

    Listing date Jan 28, 2026

    MLS# 6764390 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land with Development Potential

    This 2.23-acre property is located just south of Brainerd and offers high visibility and easy access from Business 371. The site contains a non-habitable house, a detached two-car garage, an old school house, and a 30' x 40' pole building. The property is zoned for residential-single family use and is being sold as-is, presenting considerable potential for the right buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Gym & Fitness Center Garden Center Daycare Center Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brainerd
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.250261
    Latitude
    46.303334

    Nearby Similar for Sale

    • Contact for pricing
      45.81 Acres

      Unique Retail Spaces in Historic Complex

      Two adjacent retail spaces in Brainerd's Northern Pacific Center.
      1529-1531 Northern Pacific Rd, Brainerd, MN 56401
      View Details
    • Contact for pricing
      1,775 SF

      Brainerd Office Space Available

      Three office spaces available in Northern Pacific Center, Brainerd, MN.
      207/209-211-212 Northern Pacific Rd, Brainerd, MN 56401
      View Details
    • $699,900

      Brainerd Aviation Hangar with Upgrades

      4,800 sq ft hangar at Brainerd Lakes Regional Airport.
      Tbd Airport Rd, Brainerd, MN 56401
      View Details
    • $239,900
      1.73 Acres

      Oak Lawn Commercial Opportunity

      Turn-key commercial property with equipment included in Oak Lawn.
      11218 Red Pine Rd, Brainerd, MN 56401
      View Details
    • $85,000
      0.03 Acres

      Affordable Storage Units Available

      Storage units with easy highway access and low annual dues.
      8624 50Th Ave, Brainerd, MN 56401
      View Details
    • $59,900
      2.52 Acres

      Affordable Commercial Buildings in Brainerd

      Versatile commercial buildings or storage units in prime Brainerd location.
      15770 Dellwood Dr, Brainerd, MN 56401
      View Details
    • $5,000,000
      52.43 Acres

      Established Resort Property on North Long

      Resort property with lake frontage and expansion potential in Brainerd, MN.
      20621 Hidden Paradise Rd, Brainerd, MN 56401
      View Details
    • Contact for pricing
      45.81 Acres

      Brainerd Industrial Property with Office

      25,370 SF industrial space with 3,000 SF office.
      1 South 1350 Northern Pacific Rd, Brainerd, MN 56401
      View Details
    • Contact for pricing
      45.81 Acres

      Industrial Space in Northern Pacific Center

      13,500 SF industrial space available in Brainerd, Minnesota.
      1 North 1320 Northern Pacific Rd, Brainerd, MN 56401
      View Details
    • $699,000
      6,800 SF

      Industrial Space with Outdoor Area

      Industrial property featuring multiple bays and fenced outdoor space.
      16609 Mn-371, Brainerd, MN
      View Details
    • Contact for pricing
      1,776 SF

      Retail Building with Detached Shop

      High-visibility retail building with a detached shop for sale.
      10 Washington St NE, Brainerd, MN 56401
      View Details
    • Contact for pricing

      Historic Downtown Brainerd Commercial Building

      Iconic commercial building in Historic Downtown Brainerd with retail space.
      704 Front St, Brainerd, MN 56401
      View Details

    FAQs

    What type of property is this?
    Land - Two-acre property with high visibility and development potential.
    Where is this land located?
    The property is located at 7066 Wels Ave Brainerd, MN.
    What is the asking price?
    The asking price for this property is $118,000.
    What are key features of this property?
    This property features: - Over two acres of land.; - Highly visible location on Business 371.; - Easily accessible property.
    (218) 825-7787
    Request Owner's contact information
    7066 Wels Ave Brainerd, MN 56401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7066 Wels Ave
    Brainerd, MN 56401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    7066 Wels Ave Brainerd, MN 56401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Travis Banks
    Travis Banks
    (218) 825-7787 (218) 839-7653
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!