Corner Retail and Medical
For Sale
Contact for pricing
209 Washington Street, Brainerd, MN 56401
Modern 2018 building with drive-thru lane, designed for retail or medical office uses with ample on-site parking.
Property Size3,550 SF
Price / SF$364.79
Days on Market180
Property Features for 209 Washington Street
General Information
Standard status
Active
Size
3,550 SF
Total Parking Spaces
41
Property subtype
Retail, Multifamily
Zoning
CC - Commercial Corridor, TN-2 - Traditional Neighborhood 2
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2018
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Close-Converse Commercial Properties
Listed By:
Chris Close, CCIM · License #MN 20286846
(218) 828-3334
Source:
Crexi
Added: Apr 9
Changed: Sep 24
Last Checked: Oct 4 at 6:22AM
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 Close-Converse Commercial Properties
Investment Insights
Based on property information with market context.
This modern commercial building was constructed in 2018 and is described as a turn-key opportunity for medical use or pharmacy. The property includes a functional interior layout that can accommodate retail showroom space, professional offices, or customer service areas.
Located on a highly visible commercial corner along the Washington Street corridor, the site is positioned for easy access and customer visibility. The building features a convenient drive-thru lane, along with ample on-site parking complemented by an adjacent parking lot.
The configuration supports flexible floorplan use across retail and office-oriented applications, with drive-thru capability intended for quick-service operations associated with pharmacy or related retail concepts.
Located on a highly visible commercial corner along the Washington Street corridor, the site is positioned for easy access and customer visibility. The building features a convenient drive-thru lane, along with ample on-site parking complemented by an adjacent parking lot.
The configuration supports flexible floorplan use across retail and office-oriented applications, with drive-thru capability intended for quick-service operations associated with pharmacy or related retail concepts.
Key Highlights
- Modern commercial building constructed in 2018 on a prominent Washington Street corner
- Drive‑thru lane designed for pharmacy, retail, office, or quick‑service restaurant concepts
- Flexible interior layout for retail showroom space, professional offices, or customer service areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,267
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,340
$865.3K
Cap Rate 7%
$618,100
$618.1K
Cap Rate 9%
$480,744
$480.7K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$78.8K $22.20/SF
− Vacancy
−$6.7K −$1.89/SF
EGI
$72.1K $20.31/SF
− OpEx
−$28.8K −$8.13/SF
NOI
$43.3K $12.19/SF
Area
Crow Wing County, MN
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,340
Cap Rate 7%
$618,100
Cap Rate 9%
$480,744
Alternative Uses
Best Use
Healthcare Medical
$618.1K
$540.8K – $721.1K
NOI $43,267 @ 7.0% cap · market cap 3.34%
Second Best
Specialty Retail
$607.9K
$532.0K – $709.3K
NOI $42,556 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$753.7K
$659.5K – $879.3K
NOI $52,756 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Jason P. Hinrichs, Pharm — 108 S 6th St, Brainerd, MN 56401
- Megan Krueger — 108 S 6th St, Brainerd, MN 564013575
- Laura J. Schwartzwald, RPH — 108 S 6th St, Brainerd, MN 56401
- Katherine Rangen — 108 S 6th St SUITE 1, Brainerd, MN 564013575
- Mark C. Carlson, PharmD — 108 S 6th St, Brainerd, MN 56401
Frequently Asked Questions
What type of property is this?
Drug store - Modern 2018 building with drive-thru lane, designed for retail or medical office uses with ample on-site parking.
Where is this drug store located?
The property is located at 209 Washington Street Brainerd, MN.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Modern commercial building constructed in 2018 on a prominent Washington Street corner; Drive‑thru lane designed for pharmacy, retail, office, or quick‑service restaurant concepts; Flexible interior layout for retail showroom space, professional offices, or customer service areas
