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Property profile & analytics
FOR LEASE
Strip malls

305 W Washington St Brainerd, MN 56401

6,387 SF 0.32 ac lot Built 1960
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US46-0444159
Property summary
AI-generated overview

This exceptional commercial property at 305 W Washington Street, Brainerd, MN, presents a prime multi-tenant investment opportunity. The 6,387 square foot building boasts five long-term tenants, ensuring consistent income. Its prime location offers high visibility and high traffic counts, maximizing exposure and potential. The property includes a 0.46-acre lot providing ample parking, with additional lease options for parking spaces available. Each of the five rental units features a private entrance, a covered roadside patio, a dedicated bathroom, and a shared mechanical room. Tenants are responsible for their own utilities, simplifying management. The building has been meticulously maintained, undergoing a Nor-son Construction remodel in 2012. The roof, fully adhered and approximately six years old, is in excellent condition. This well-maintained property offers a stable investment with strong potential for future growth, thanks to its desirable location and established tenant base. The combination of high visibility, ample parking, and well-maintained facilities makes this a truly attractive investment opportunity in the thriving Brainerd commercial market. The individual units' features, including private entrances and covered patios, enhance tenant satisfaction and retention. The property's strong financial performance is further supported by the long-term leases in place.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1960
Total area 6,387 SF
Lot 0.32 ac (13,998 SF)
APN 41040641
UPID US46-0444159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • R&J Broadcasting Radio Station Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Front Nine Properties Of Brainerd L · 1 yrs held
Front Nine Properties Of Brainerd L
since 2025
1 recorded transaction
2025
$575,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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