Property profile

601 Washington St Brainerd, MN 56401

OFF-MARKET
Banks
Property ID
US46-0841017
4,593 SF 0.41 ac lot Built 1963
Individually Owned Free & Clear
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Property summary

AI-generated overview

A historic corner mixed-use building located at the intersection of Washington Street (Highway 210) and South 6th Street, directly across from a white water tower, with frontage on Washington Street. The property is configured with a lower-level restaurant space designed for food and beverage use and includes existing commercial kitchen infrastructure, along with an extensive inventory of commercial equipment and fixtures that were previously included with the restaurant area. The upper levels provide residential rental units totaling 8 apartments, and an additional commercial rental space fronts Washington Street. Access is supported by both on-street parking and a large off-street parking lot. The building’s historical use evolved from an office for the Brainerd Sawmill to later service connected to the Northern Pacific railroad depot, and it was subsequently used as Van’s Cafe and later the Sawmill Inn. It has benefited from corridor improvements associated with major MnDOT reconstruction of the Washington Street corridor, including streetscape, sidewalk, and trail connection work.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1963
Total area 4,593 SF
Lot 0.41 ac (17,857 SF)
APN 41040597
UPID US46-0841017

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service

Location

601 Washington St Brainerd, MN 56401-2934
Brainerd metro Census 951200 BRAINERD, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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