Flex Space with
For Sale
Contact for pricing
624 Washington St, Brainerd, MN 56401
Combined office or retail frontage and rear warehouse space support varied commercial operations.
Property Size2,550 SF
Price / SF$107.84
Days on Market50
Property Features for 624 Washington St
General Information
Standard status
Active
Size
2,550 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Close-Converse Commercial Properties
(218) 828-3334
Listed By:
Christopher C. Close
(218) 831-7510
Source:
Moodyscre
Added: Aug 28
Changed: Oct 1
Last Checked: Oct 16 at 9:00AM
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
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Investment Insights
Based on property information with market context.
This 2,550-square-foot flex property combines office or retail space at the front with a warehouse area behind it. The rear workspace includes two overhead doors, creating a practical connection between customer-facing areas, storage, and warehouse access.
The building is positioned along Washington Street, also identified as Hwy 210, and sits adjacent to Brainerd’s historic water tower. Its downtown setting provides access to both Brainerd and Baxter while placing the property within a visible commercial corridor.
The building is positioned along Washington Street, also identified as Hwy 210, and sits adjacent to Brainerd’s historic water tower. Its downtown setting provides access to both Brainerd and Baxter while placing the property within a visible commercial corridor.
Key Highlights
- 2,550‑square‑foot flex property
- Front office or retail area paired with a rear warehouse
- Two overhead doors serve the warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,420
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,400
$468.4K
Cap Rate 7%
$334,571
$334.6K
Cap Rate 9%
$260,222
$260.2K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$38.3K $15.00/SF
− Vacancy
−$2.2K −$0.87/SF
EGI
$36.0K $14.13/SF
− OpEx
−$12.6K −$4.95/SF
NOI
$23.4K $9.18/SF
Area
Crow Wing County, MN
Vacancy
5.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,400
Cap Rate 7%
$334,571
Cap Rate 9%
$260,222
Alternative Uses
Best Use
Flex RnD
$334.6K
$292.8K – $390.3K
NOI $23,420 @ 7.0% cap · market cap 8.52%
Second Best
Warehouse
$259.2K
$226.8K – $302.4K
NOI $18,143 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$541.4K
$473.7K – $631.6K
NOI $37,895 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Balanced
Demand for This Use
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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 - Combined office or retail frontage and rear warehouse space support varied commercial operations.
Where is this flex space located?
The property is located at 624 Washington St Brainerd, MN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,550‑square‑foot flex property; Front office or retail area paired with a rear warehouse; Two overhead doors serve the warehouse space
