0 28Th St Brainerd, MN 56401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.