Vineyard with Event
11919 Thiesse Road, Brainerd, MN 56401
For Sale
$4,250,000
A 2017 commercial hospitality operation combines wine production, dining, event space, and private accommodations.
Property Size19,084 SF
Price / SF$222.70
Days on Market230
Property Features for 11919 Thiesse Road
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Northland Sotheby's International Realty
(218) 692-1222
Listed By:
Adam Kalenberg
(218) 330-9066
Source:
Artandersonrealty
Added: Mar 25
Changed: Nov 7
Last Checked: Nov 8 at 5:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northland Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 19,084-square-foot vineyard property in Brainerd includes a wine production facility, event center, and full-service restaurant with an industrial kitchen. Additional accommodations comprise a bridal suite and a private apartment. The property was built in 2017 and carries Business/Commercial zoning.
The operation includes six wines described as internationally awarded. Transition assistance may be available to a new owner.
The operation includes six wines described as internationally awarded. Transition assistance may be available to a new owner.
Key Highlights
- 19,084‑square‑foot property built in 2017
- On‑site wine production facilities and six internationally awarded wines
- Event center and full‑service restaurant with industrial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,772
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,575,440
$4.6M
Cap Rate 7%
$3,268,171
$3.3M
Cap Rate 9%
$2,541,911
$2.5M
Market Conditions
NOI Build-Up for 19,084 SF
Gross rent
$325.2K $17.04/SF
− Vacancy
−$20.2K −$1.06/SF
EGI
$305.0K $15.98/SF
− OpEx
−$76.3K −$4.00/SF
NOI
$228.8K $11.99/SF
Area
Crow Wing County, MN
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,575,440
Cap Rate 7%
$3,268,171
Cap Rate 9%
$2,541,911
Alternative Uses
Best Use
Specialty Retail
$3.27M
$2.86M – $3.81M
NOI $228,772 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.05M
$3.55M – $4.73M
NOI $283,604 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 56401, MN
30,632
Population
16,038
Households
1.9
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
322.6 sq mi
ZIP Area
95
Density / Sq Mi
$70,269
Median Household Income
$40,172
Median Earnings
$918
Median Rent
$237,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Vineyard - A 2017 commercial hospitality operation combines wine production, dining, event space, and private accommodations.
Where is this vineyard located?
The property is located at 11919 Thiesse Road Brainerd, MN.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 19,084‑square‑foot property built in 2017; On‑site wine production facilities and six internationally awarded wines; Event center and full‑service restaurant with industrial kitchen
