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Active
$950,000
/mo   Edit
MLS# 4975720
6th & Oak Street
Brainerd, MN 56401
Commercial
1.15 acres
Built 1950  ●  Brainerd schools
Info: 763-576-8286
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    Description:   Great opportunity to buy an established 9 unit business center along the heavily traveled 6th and Oak Street. This highly visible, easily accessible property is located near the crux of downtown Brainerd, across from the YMCA. Long established tenants make this a profitable business opportunity!
    List Price: $950,000
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1950
    City: Brainerd
    Zip Code: 56401

    Interior

    Building Fin Sq Ft: 17,912 ft²

    Exterior

    Air Conditioning: Central
    Heating System: Forced Air
    Foundation Size: 17,912 ft²
    Road Frontage: City, Paved Streets, Curbs, Sidewalks
    Handicap Accessible: No Stairs Internal
    Exterior Material: Stucco
    Garage Spaces: 0
    Other Parking Spaces: 58
    Roof Details: Flat, Age Over 8 Years, Rubber

    Lot

    Acres: 1.15
    Lot Description: Corner Lot
    Latitude: 46.35296800
    Longitude: -94.20022500
    Lot Size Dim.: 150x300+150x50
    Zoning: Business/Commercial

    Schools

    School District: 181 - Brainerd
    District Phone: 218-454-6900

    Expenses

    Annual Caretaker Expense: $9,929
    Annual Electric Expense: $4,034
    Annual Fuel Expense: $1,209
    Annual Insurance Expense: $5,604
    Annual Maintenance Expense: $2,054
    Annual Repair Expense: $6,056
    Annual Gross Expense: $61,000
    Total Annual Expenses: $61,691
    Annual Trash Expense: $524
    Tenant Expenses: Electric

    Financial & Taxes

    Tax Year: 2018
    Annual Taxes: $19,668
    Assessment Pending: No
    Taxes w/ Assessments: $19,698

    Income

    Annual Gross Income: 161000.00

    Rent

    Annual Net Income: $99,632

    Unit

    Total Units: 9

    Miscellaneous

    Current Use: Restaurant, Business Service, Professional Service, Commercial
    Fuel System: Natural Gas
    Owner Occupied: N
    Sale Includes: Building, Land, Leases
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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