Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wooded Lot with Garage Title is generated by Realmo AI

    15346 Mertens Drive, Brainerd, MN 56401

    View on Map
    Claim this Listing
    For Sale
    $99,900

    Land, Other - Brainerd, MN

    Lot size:
    0.89 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    136
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 15346 Mertens Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.89 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kent Swenson
    Kent Swenson

    Listing agent Kent Swenson License #40461336,PersonLicenseNumber

    Listing office NextHome Horizons 13432 Elmwood Drive, Suite 5, MN

    Listing date Jan 5, 2026

    MLS# 7004915 Listing URL

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

    HighLights

    • Superb location in a desirable and well‑connected neighborhood.
    • Ready for development, offering a prime chance to create your ideal home.
    • Nicely wooded lot provides a peaceful and private setting.
    • Located in a private cul‑de‑sac.
    • Minutes from shopping, restaurants, and everyday conveniences.
    • Includes a spacious 3‑stall garage for storage or construction use.

    Overview

    This residential land offers an opportunity for building a home in a location near shopping, restaurants, and everyday conveniences. The lot is situated in a private cul-de-sac and features wooded surroundings. A 3-stall garage is included on the property, suitable for storage or use during construction. The lot is ready for development in a desirable and well-connected neighborhood. The lot size is 0.89 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brainerd
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.2395248
    Latitude
    46.3739624

    Nearby Similar for Sale

    • $379,000
      3,180 SF

      Brainerd Lakes Area Investment Opportunity

      Well-maintained 6-unit property with development potential in Brainerd, MN.
      1401 Norwood Street, Brainerd, MN 56401
      View Details
    • $18

      Unique Retail Spaces in Historic Complex

      Two adjacent retail spaces in Brainerd's Northern Pacific Center.
      1529-1531 Northern Pacific Road, Brainerd, MN 56401
      View Details
    • $529,900

      Brainerd Land Development Opportunity

      27.83 acres of land zoned for mixed residential development.
      2723 Oak Street, Brainerd, MN 56401
      View Details
    • $699,900

      Brainerd Aviation Hangar with Upgrades

      4,800 sq ft hangar at Brainerd Lakes Regional Airport.
      Tbd Airport Road, Brainerd, MN 56401
      View Details
    • $99,900

      Land in Minnesota Lakes Area

      Heavily wooded 1.22-acre property near Brainerd and Garrison, Minnesota.
      000 Grave Lake Road, Brainerd, MN 56401
      View Details
    • $59,900

      Residential Lot Near Hartley Lake

      Cleared lot ready for building near community lake access.
      4570 SORREL OAK TRAIL, Brainerd, MN 56401
      View Details
    • $379,000

      Brainerd Lakes Area Investment Opportunity

      Six-unit property with development potential in Brainerd Lakes Area.
      1401 Norwood St, Brainerd, MN 56401
      View Details
    • $599,900

      Highway Visible Land with Lake Access

      2.4 acre commercial/residential land with highway visibility and lake access.
      19745 See Gull Road, Brainerd, MN 56401
      View Details
    • $1,300

      Brainerd Office Space Available

      Three office spaces available in Northern Pacific Center, Brainerd, MN.
      207/209-211-212 Northern Pacific Road, Brainerd, MN 56401
      View Details
    • $699,000
      5,800 SF

      Commercial Property on Highway 371

      Commercial investment property with excellent visibility and tenant in place.
      5401 Birchdale Rd, Brainerd, MN 56401
      View Details
    • $235,000

      Premier Homesite with Gull River Views

      One-acre parcel with views of Gull River and Lehman Course.
      16434 Tom Lehman Drive, Brainerd, MN 56401
      View Details
    • $85,000

      Affordable Storage Units Available

      Storage units with easy highway access and low annual dues.
      8624 50th Ave, Brainerd, MN 56401
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale in a superb location.
    Where is this residential land & home lot located?
    The property is located at 15346 Mertens Drive Brainerd, MN.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Superb location in a desirable and well‑connected neighborhood.; Ready for development, offering a prime chance to create your ideal home.; Nicely wooded lot provides a peaceful and private setting.
    (218) 232-2994
    We can help!
    Listing Contact
    Kent Swenson
    Kent Swenson
    Real Estate License ID: 40461336,PersonLicenseNumber
    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

    Thank You for Inquiry
    15346 Mertens Drive, Brainerd, MN 56401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!