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    28Th St Brainerd, MN 56401

    Sponsored
    For Sale
    $84,000

    1.43-acre multi-family development site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.43-acre corner lot, situated at the southwest corner of Oak Street and 28th Street SE in Brainerd, Minnesota (56401), presents a compelling investment opportunity. The property boasts prime frontage along Oak Street, measuring approximately 311.45 feet, and 200 feet along 28th Street SE, offering excellent visibility and accessibility. Zoned CN-2 Contemporary Neighborhood 2, this land is ideally suited for residential development, with a proposed concept plan (available upon request) illustrating the potential for three six-plex buildings and two twelve-stall garage buildings. The lot's dimensions are approximately 311.45' x 200', totaling 62,291 square feet. Its strategic location on the east edge of Brainerd, near Highways 18 and 25, provides convenient access to major transportation routes. The property's proximity to schools, churches, shopping, dining, and recreational facilities further enhances its appeal. While currently zoned for residential use, the prime Oak Street frontage could potentially benefit a commercial office-service business, subject to zoning approval. The asking price is $84,000, and 2022 real estate taxes were $328. The APN is 41300993; 09143000001A009. Access is available from Oak Street and 28th Street SE. This property represents a rare opportunity to acquire a substantial parcel of land in a desirable location with significant development potential.

    Property Features for 0 28Th St

    General Information

    Property type
    Land
    Lot Size
    62,291 SF

    HighLights

    • $84,000 asking price for a 1.43‑acre retail and land property.
    • Located at the SW corner of Oak Street & 28th Street SE, Brainerd, MN 56401. APN: 41300993; 09143000001A009.
    • Zoned CN‑2 Contemporary Neighborhood 2; suitable for residential care or multi‑family development, with potential for commercial use pending zoning approval.
    • Lot dimensions approximately 311.45' x 200', with frontage on Oak Street and 28th Street SE.
    • 2022 property taxes: $328.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brainerd
    County
    Crow Wing
    State
    Minnesota
    Longitude
    -94.1676023
    Latitude
    46.3524835

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    FAQs

    What type of property is this?
    Land - 1.43-acre multi-family development site
    Where is this land located?
    The property is located at 28Th St Brainerd, MN.
    What is the asking price?
    The asking price for this property is $84,000.
    What are key features of this property?
    This property features: $84,000 asking price for a 1.43-acre retail and land property.; Located at the SW corner of Oak Street & 28th Street SE, Brainerd, MN 56401. APN: 41300993; 09143000001A009.; Zoned CN-2 Contemporary Neighborhood 2; suitable for residential care or multi-family development, with potential for commercial use pending zoning approval.
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    Realmo Value Estimation

    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.

    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.

    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
    28Th St Brainerd, MN 56401
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