Current Use by Public Records
- Retail properties & Spaces
Property Details for 603-625 Oak St
- Year built
- 1950
- Lot size
- 1.03 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional 17,912 square foot retail property, situated on a 1.03-acre lot at 603-625 Oak Street in Brainerd, Minnesota, presents a compelling investment opportunity. The property is a well-maintained multi-tenant strip center enjoying a 90% occupancy rate, generating immediate and substantial income. Its strategic location at a high-visibility, stoplight-controlled intersection ensures maximum exposure and high traffic flow. Tenants benefit from excellent accessibility and the convenience of being within walking distance of Brainerd's vibrant downtown core, including numerous businesses, restaurants, and parks. This property offers a rare chance to acquire a highly desirable asset in a thriving community, promising a strong return on investment for the discerning buyer. The building's solid construction and current high occupancy rate contribute to its financial stability and potential for future growth. The property's prime location and established tenant base make it an attractive investment for those seeking a stable and profitable commercial venture in a desirable Minnesota market. The asking price is $2,300,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brainerd
- County
- Crow Wing
- State
- Minnesota
- Longitude
- -94.2005
- Latitude
- 46.353
