Office-Warehouse Flex
For Sale
$2,500,000
506 James Street, Brainerd, MN 56401
Commercial Sale, Brainerd, MN
Property Size27,402 SF
Lot Size1.82 Acres
Price / SF$91.23
Days on Market473
Property Features for 506 James Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Parking features
Parking Lot, Covered
Subdivision
West Brainerd
Lot features
Corner Lot
High school district
Brainerd
Directions
From Hwy 210/371 intersection in Baxter - East on Hwy 210 (Washington St) approx. 1 1/4 miles - North on NW 5th St - Property is the SE corner of NW 5th St and James St
Standard status
Active
APN
41040790
Lot size
1.82 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
46268
Utilities
Heating system
Oil
Cooling system
Central Air
Building Details
Year built
1989
Building materials
Concrete
Roof type
Flat, Rubber
Listing Agency:
Close-Converse Commercial Prop
(218) 828-3334
Listed By:
Chris Close · License #20286846
(218) 831-7510
Added: Jun 26, 2025
Changed: Oct 8
Last Checked: Oct 11 at 2:06PM
MLS# 6745900
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.
Investment Insights
Based on property information with market context.
This 27,402-square-foot flex property combines office and warehouse areas. The main level contains 12,319 square feet of office space and 14,019 square feet of warehouse space; an additional 1,064 square feet is located upstairs. Office improvements include a reception area, open work areas, 10 private offices, a conference room, and a kitchen and dining area.
Warehouse features include an open area served by one overhead door, a receiving room with loading dock access, and a separate warehouse with four overhead doors. The property sits on 1.82 acres at 506 James Street in Brainerd. Built in 1989, the building has concrete construction, central air, oil heat, a flat rubber roof, and both lot and covered parking.
Warehouse features include an open area served by one overhead door, a receiving room with loading dock access, and a separate warehouse with four overhead doors. The property sits on 1.82 acres at 506 James Street in Brainerd. Built in 1989, the building has concrete construction, central air, oil heat, a flat rubber roof, and both lot and covered parking.
Key Highlights
- 27,402‑square‑foot building on 1.82 acres
- Main level includes 12,319 square feet of office area and 14,019 square feet of warehouse area
- Upper level totals 1,064 square feet, divided into 264 square feet and 800 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,959
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,899,180
$3.9M
Cap Rate 7%
$2,785,129
$2.8M
Cap Rate 9%
$2,166,211
$2.2M
Market Conditions
NOI Build-Up for 27,402 SF
Gross rent
$238.7K $8.71/SF
− Vacancy
−$9.3K −$0.34/SF
EGI
$229.4K $8.37/SF
− OpEx
−$34.4K −$1.26/SF
NOI
$195.0K $7.11/SF
Area
Crow Wing County, MN
Vacancy
3.90%
Lease Rate
$8.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,899,180
Cap Rate 7%
$2,785,129
Cap Rate 9%
$2,166,211
Alternative Uses
Best Use
Office B
$4.44M
$3.88M – $5.18M
NOI $310,739 @ 7.0% cap · market cap 12.43%
Second Best
Flex RnD
$3.60M
$3.15M – $4.19M
NOI $251,674 @ 7.0% cap · market cap 10.07%
Theoretical Best
Office A
$5.82M
$5.09M – $6.79M
NOI $407,216 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- The Chameleon Culinary Co. — 619 sw 5th st, brainerd, mn 56401
Frequently Asked Questions
What type of property is this?
Flex space - A mixed office and industrial layout pairs private offices and shared work areas with warehouse space and loading access.
Where is this flex space located?
The property is located at 506 James Street Brainerd, MN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 27,402‑square‑foot building on 1.82 acres; Main level includes 12,319 square feet of office area and 14,019 square feet of warehouse area; Upper level totals 1,064 square feet, divided into 264 square feet and 800 square feet
