Tenant-Occupied Retail
New
For Sale
$435,000
923 Washington Street, Brainerd, MN 56401
A Batteries Plus store has occupied the Washington Street property for more than 14 years.
Property Size1,691 SF
Price / SF$257.24
Days on Market6
Property Features for 923 Washington Street
General Information
Standard status
Active
Size
1,691 SF
Property subtype
Commercial
Zoning
Business/Commercial
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,428
Building Details
Building Size
1,691 SF
Year Built
2001
Units
1
Listing Agency:
Close-Converse Commercial Prop
Listed By:
Chris Close · License #20286846
(218) 828-3334
Source:
Getyoumoved
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:26PM
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 Prop
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,691-square-foot retail storefront, built in 2001, is occupied by Batteries Plus. The existing tenancy has continued for more than 14 years, and the property is zoned Business/Commercial.
At 923 Washington Street in Brainerd, the storefront sits along a commercial corridor with nearby retailers and services. The address places the property within the city’s established retail setting.
At 923 Washington Street in Brainerd, the storefront sits along a commercial corridor with nearby retailers and services. The address places the property within the city’s established retail setting.
Key Highlights
- Batteries Plus is the existing tenant
- Tenant occupancy has continued for more than 14 years
- 1,691‑square‑foot storefront built in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,682
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,640
$313.6K
Cap Rate 7%
$224,029
$224.0K
Cap Rate 9%
$174,244
$174.2K
Market Conditions
NOI Build-Up for 1,691 SF
Gross rent
$24.4K $14.40/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$22.4K $13.25/SF
− OpEx
−$6.7K −$3.97/SF
NOI
$15.7K $9.27/SF
Area
Crow Wing County, MN
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,640
Cap Rate 7%
$224,029
Cap Rate 9%
$174,244
Alternative Uses
Best Use
Retail
$224.0K
$196.0K – $261.4K
NOI $15,682 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.0K
$314.1K – $418.8K
NOI $25,130 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
175k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 30%
Home Improvements & Furnishings 12%
Apparel 9%
McDonald's
Dining
35,203 visits/mo
0.3 miles
Casey's
Shops & Services
19,160 visits/mo
0.2 miles
Dunham's Sports
Apparel
15,706 visits/mo
0.1 miles
Dollar Tree
Shops & Services
15,616 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,017 visits/mo
0.1 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- North Country Floral — 307 NW 6th St, Brainerd, MN 56401
Frequently Asked Questions
What type of property is this?
Storefront property - A Batteries Plus store has occupied the Washington Street property for more than 14 years.
Where is this storefront property located?
The property is located at 923 Washington Street Brainerd, MN.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Batteries Plus is the existing tenant; Tenant occupancy has continued for more than 14 years; 1,691‑square‑foot storefront built in 2001
