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

    417 8th Ave NE Brainerd, MN 56401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Recently renovated, strategically located retail center with grocery anchor.

    Type:Retail
    Property size:
    182,559 SF
    Added:
    Mar 7, 2026
    Days on Market:
    46
    Last Refresh:
    Mar 7 at 7:00 pm

    Property Features for 417 8th Ave NE

    General Information

    Standard status
    Active
    Size
    182,559 SF
    Property subtype
    Retail

    Spaces For Lease

    at 417 8th Ave NE Contact us

    We can help!

    Listing Contact
    Thomas Palmquist

    Listing agent Thomas Palmquist

    Listing office

    Listing date Mar 7, 2026

    Source Transwestern

    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 Thomas Palmquist

    Overview

    Grocery-Anchored Retail Center For Rent

    This is a strategically located, dominant grocery-anchored retail center that was recently renovated. The property has a size of 182559 square feet.
    Location Intelligence

    Current Use by Public Records

    Cub Pharmacy Pharmacy Cub - Brainerd Grocery & Convenience Store higi Physician Redbox Cinema Coin Cloud Bitcoin ... Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Similar Places Nearby

    • Coin Cloud Bitcoin ATM — 417 8th Ave NE, Brainerd, MN 56401
    • Coinstar Kiosk | Bitcoin ATM — Cub Foods, 417 8th Ave NE, Brainerd, MN 56401

    Location Insight

    • Map
    • Local Demand
    City
    Brainerd
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.177379
    Latitude
    46.362544

    Nearby Similar for Lease

    • $11/mo

      Downtown Brainerd Office Space

      Move-in-ready office space in a convenient downtown location.
      411-415 Front St, Brainerd, MN
      View Details
    • $22/mo

      Wildwood Office Center Suites

      Flexible office suites available for lease in Brainerd, Minnesota.
      517 NW 4th St, Brainerd, MN
      View Details
    • $14/mo

      Retail Space in High-Traffic Center

      Retail or office space in a vibrant, high-traffic Brainerd center.
      510-526 Washington St, Brainerd, MN
      View Details
    • $24/mo

      Retail Space Near Westgate Mall

      Retail space available in high-traffic Brainerd location.
      702-710 W Washington St, Brainerd, MN
      View Details
    • Contact for pricing

      New Office Space in Brainerd

      Brand-new office space near Hwy 371 with high visibility.
      4672 Wilderness Ct, Brainerd, MN
      View Details
    • Contact for pricing

      Grocery-Anchored Retail Space Available

      Recently renovated retail space in a dominant shopping center.
      401-429 8th Ave NE, Brainerd, MN
      View Details
    • $12/mo

      Turn-Key Office Space Available

      Office space for lease in multi-tenant building with high traffic.
      603-625 Oak St, Brainerd, MN
      View Details
    • $7/mo

      Industrial Space with Outdoor Area

      Industrial property featuring multiple bays and fenced outdoor space.
      16609 MN-371, Brainerd, MN
      View Details
    • $6/mo

      Historic Brainerd Office Space

      Iconic 1926 building with modern office functionality in Brainerd.
      601-609 Laurel St, Brainerd, MN
      View Details
    • Contact for pricing

      Grocery-Anchored Retail Space Available

      Recently renovated retail space in a dominant, grocery-anchored center.
      611-643 Washington St NE, Brainerd, MN
      View Details
    • Contact for pricing

      Turn-Key Office Space Available

      Prime office space in a multi-tenant building, great location.
      603-625 Oak St, Brainerd, MN 56401
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Retail/office space in a well-positioned retail center.
      401 W Washington Street, Brainerd, MN 56401
      View Details

    FAQs

    What type of property is this?
    Shopping center - Recently renovated, strategically located retail center with grocery anchor.
    Where is this shopping center located?
    The property is located at 417 8th Ave NE Brainerd, MN.
    What are key features of this property?
    This property features: Dominant grocery‑anchored center; Strategically located; Recently renovated
    (612) 359-1605
    We can help!
    Listing Contact
    Thomas Palmquist
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!