18267 HWY 371, BRAINERD, MN 56401

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HWY 371 BLDG 18267 HWY 371, BRAINERD, MN

1 HWY 371 BLDG HWY 371, BRAINERD, MN COMMERCIAL REAL ESTATE BUSINESS BROKERAGE LAND & BUILDING DEVELOPMENT INVESTMENT & INCOME PROPERTIES TAX DEFERRAL STRATEGIES

2 { Table of Contents } Page 3-5 Features 6 Floor Plan 7, 8 Photos 9, 10 Aerial Photos 11 Survey 12 Section Map 13 Zoning Map 14 Traffic Counts 15 Location Map 16, 17 Demographics 18 Thank You 19 Agency Disclosure 20 Contact 2

3 { Features } Hwy 371 Building. Locate your business just west of Brainerd International Raceway, along the rapidly growing Hwy 371 corridor! Functional shop space is ideal for an auto-related, recreational or outdoorservice business. Hwy 371 frontage provides excellent visibility and easy access. Take advantage of the high traffic counts from locals and tourists alike. Location: Hwy 371, Brainerd, MN Directions: From Hwy 371/210 intersection in Baxter - North on Hwy Subject Property is on the west side of the Hwy, across from the entrance gates to Brainerd International Raceway (BIR) Lot Size: 1.87 Acres (81,457.2 sq. ft.) Less 1.4 Acres Estimated Wetlands Equals 0.47 Net Acres Lot Dimensions: 150 x x x Building Size: 2,424 sq. ft sq. ft. Loft Storage Garage: 352 sq. ft. (16 x 22 ) PRICE REDUCED: $199,000 $179, Real Estate Taxes: $1,738 (Including $15 in Assessments) Water: Drilled Well Continued on next page. 3

4 { Features } Sewer: Heating: Cooling: Electric: Lighting: Septic w/ Holding Tank Propane Gas Forced Air Central Air - Electric Ground Unit 200-Amp, Single Phase Fluorescent Year Built: 1975 Remodeled: 1985 & 2003 Construction: Foundation: Exterior: Roof: Concrete Block Concrete Block Metal & Hardboard Siding Asphalt Shingles Overhead Doors: 1 (12 W x 10 H) 1 (10 W x 8 H) 1 (9 W x 8 H) on Garage Ceiling Height: 13 Floor Drains: 3 Bathrooms: 1 High Speed Internet: Yes Parking: 10+ Frontage: 150 along Hwy 371 Continued on next page. 4

5 { Features } Zoning: roads. PID#: Legal Description: Commercial District 2 (C-2) The purpose of this district is to provide adequate space areas for general retail and service activities in rural areas. C-2 commercial districts shall be located along federal, state, county, or township G00889 That part of the NE 1/4 of SE 1/4 desc: Comm at the SW cor of said NE 1/4-SE 1/4 then E alg the S line of said 1/4 a dist of 410 ft said S line running N 89 Deg 33 1/2 Min E to the place of beg, then N 58 Deg 21 Min E ft to a line which is 33 ft from & parallel with the SW right of way line of Hwy #371 then NW ly alg said line which is 33 ft from & parallel with the SW ly right of way line of Hwy #371 a dist of 150 ft then S 52 Deg 59 Min W ft to the S line of said NW 1/4-SE 1/4 then E alg the S line of said NE 1/4 SE 1/4 a dist of ft more or less to the point of beg, with easements. 5

6 { Floor Plan } 6

7 { Photos } Shop Building Shop Building Office Office Shop Shop 7

8 { Photos } Shop Shop Shop Shop Garage Garage 8

9 { Aerial Photo } Gull Lake Glass Tracker Boat Ctr N Ferrell Gas Lakes Area Docks Yard Creations Brainerd International Raceway Nitro Square Chameleon Cafe Brainerd Propeller Versatile Golf Carts Valley Pools & Spas 9

Cafe Brainerd Propeller Versatile Golf Cars Valley Pools & Spas National Conductor GLS SideTrack First Supply ATV Sleds Raceway Square

10 { Aerial Photo } N NORTH LONG LAKE Northern Cowboys Party Time S&W Bait & Motel HARTLEY LAKE Bldg For Sale Brainerd Tools North Star Wells Kubota Tracker Boat Ctr Gull Lake Glass Ferrell Gas Lakes Area Docks Brainerd International Yard Creations Raceway Nitro Square Chameleon Cafe Brainerd Propeller Versatile Golf Cars Valley Pools & Spas National Conductor GLS SideTrack First Supply ATV Sleds Raceway Square Pirates Cove Billy Bones Power Lodge Crow Wing Cabinets Kart Kountry Brainerd Rec Supply Crow Wing Power Pleasureland RV Xcel Energy Takedown Gym 10

11 { Survey } 11

12 { Section Map } 12

13 { Zoning Map } Commercial District 2 13

14 { Traffic Counts } 2015 Counts from MNDOT Crow Wing Traffic Counts: 18,500 on Hwy 371 N 14

15 { Location Map } North South 15

16 { Demographics } Figures from STDB, CCIM Trade Area 2016 Population (Includes the following counties): Crow Wing County 65,395 Cass County 29,482 Total Trade Area Population 94, Population: Brainerd 30,596 Baxter 8,114 Estimated Summer Population: Brainerd/Baxter 200,000+ Projected Population Growth Change : Crow Wing County 0.60% Brainerd 0.40% Households in 2016: Crow Wing County 27,185 Brainerd 12, Median Household Income: Crow Wing County $50,396 Brainerd $47,444 Crow Wing County Retail Sales in 2012: $1,124,967, Crow Wing County Major Employers: Industry # of Employees Essentia Health - Central Region Healthcare 1,460 Cuyuna Regional Medical Center Healthcare 947 Brainerd School District Education 893 Grand View Lodge Tourism 720 Madden s Resort Tourism 550 Ascensus Technology 500 Breezy Point Resort Tourism 500 Clow Stamping Manufacturing 440 Crow Wing County Government 415 Cragun s Resort Tourism 380 Central Lakes College Education 325 Walmart Retail 320 Cub Foods/Super Valu (3 Stores) Retail 320 Ruttgers Bay Lake Resort Tourism 300 Anderson Brothers Construction Construction 260 Pequot Lakes School District Education 240 Crosby Ironton School District Education 240 Mills Automotive Retail 220 Bang Printing Manufacturing 218 City of Brainerd Government 208 Bethany Good Samaritan Healthcare 175 Costco Retail 175 Woodland Good Samaritan Healthcare 175 Landys+Gyr Inc. Energy 140 Nortech Systems Manufacturing 97 Continued on next page. 16

17 { Demographics } Area Businesses: (To see a list of additional businesses, please go to Financial Institutions: 16+ (multiple locations not counted) Churches: 30+ Schools: 15+ Golf Courses: 27+ Resorts: Bay Colony Inn Breezy Point Resort Craguns Fritz s Resort Grand View Lodge Gull Lake Resort Izaty s Kavanaugh s Lost Lake Lodge Maddens Quarterdeck Ruttger s Bay Lake Lodge Sullivans Plus numerous others Major Retailers: Aldi Anytime Fitness Auto Zone Best Buy Big Lots Book World Brother s Motorsports Cashwise Liquor (2) Christmas Point Costco Cub Foods (2) Dick s Sporting Goods Discount Tire Dunham s Sports East Brainerd Mall (17 Retailers) Fleet Farm Home Depot Jiffy Lube Kohl s Menards Office Max PetSmart Major Retailers Continued: Sears Hometown Super One Super Wal-Mart Target The Power Lodge TJ Maxx Ulta Beauty Walgreens Westgate Mall (27 Retailers) Westside Liquor Restaurants/Fast Food: 218 Local 371 Diner 612 Station Antler s Applebee s Arby s Bar Harbor Baxter s Billy s Black Bear Lodge & Saloon Boomer Pizza Boulder Tap House Breezy Point Marina Brick House Pizza Buffalo Wild Wings Burritos California Caribou Coffee (3) Cherry Berry China Buffet China Garden Cold Stone Creamery Country Kitchen Cowboy s Cragun s Legacy Grill Cru Culver s Dairy Queen (3) Diamond House Domino s Pizza Einstein Bagel El Tequila Ernie s Four Seas Giovanni s Pizza Restaurants/Fast Food Continued Grizzly s Grill & Saloon Half Moon Saloon Hardee s Hunt N Shack Jack s House Jake s Jimmy John s KFC Lucky s Madden s Classic Grill Manhattan Beach Maucieri s McDonalds (3) Moonlite Bay Northern Cowboy s Northwinds Grille Olive Garden Papa John s Pizza Papa Murphy s Pizza Perkins Pestello s Pine Peaks Pizza Hut Pizza Ranch Poncho & Lefty s Prairie Bay Quarterdeck Rafferty s Pizza (3) Riverside Inn Ruttger s Sakura Sawmill Inn Senior Patron Sherwood Forest Starbucks (2) Subway (3) Taco Bell Taco John s The Barn The Chap The Commander The Pines at Grandview Tim Horton s Timberjack Wendy s (2) Ye Ole Wharf Zorbaz (2) 17

18 { Thank You } Thank you for considering this Close - Converse opportunity Close - Converse is pleased to present this real estate opportunity for your review. It is our intention to provide you with the breadth of information and data that will allow you to make an informed decision. We are here to help Please review this package and contact us with any questions you may have. We are prepared to discuss how this property meets your needs and desires. Facts, figures and background information will aid in your decision. Should you need specialized counsel in the areas of taxation, law, finance, or other areas of professional expertise, we will be happy to work with your advisor or, we can recommend competent professionals. How to acquire this opportunity When you have made a decision to move forward, we can help structure a proposal that covers all the complexities of a commercial real estate transaction. As seller s representatives, we know the seller s specific needs and can tailor a proposal that expresses your desires, provides appropriate contingencies for due diligence and results in a win-win transaction for all parties. Agency and you Generally, we are retained by sellers or landlords to represent them in the packaging and marketing of their commercial, investment or development real estate. You are encouraged to review the Minnesota disclosure form Agency Relationships in Real Estate Transactions which is enclosed at the end of this package. If you have questions about agency and how it relates to your search for the right property, please ask us. We will answer all your questions and review the alternatives. Should you wish to pursue this opportunity, please acknowledge your review of Agency Relationships by signing, dating and returning it to us. 18

19 { Agency Disclosure } 19

20 { Contact } Address: 521 Charles Street PO Box 327 Brainerd, MN Telephone: Fax: Website: You may also contact the following members of the Close~Converse team by cell phone or . Chris Close, CCIM cell chris@closeconverse.com Tim Miller, CCIM tim@closeconverse.com Nate Grotzke, CCIM nate@closeconverse.com Kevin Close Rod Osterloh, ALC Jody Osterloh cell kevin@closeconverse.com cell osterloh@closeconverse.com cell, jody@closeconverse.com 20

HWY 210 EAST, BRAINERD, MN 56401

HWY 210 EAST, BRAINERD, MN 56401 COMMERCIAL REAL ESTATE BUSINESS BROKERAGE LAND & BUILDING DEVELOPMENT INVESTMENT & INCOME PROPERTIES TAX DEFERRAL STRATEGIES { Table of Contents } Page 3, 4 Features 5-7