305 W Washington St Brainerd, MN 56401
For Lease
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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.
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R&J Broadcasting Radio Station Telecommunications Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.