25446 MAIN STREET, NISSWA, MN 56468

INVESTMENT OPPORTUNITY
25446 MAIN STREET, NISSWA, MN 56468
COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT
INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES
25446 MAIN STREET, NISSWA
{ Table of Contents }
Page 3, 4, 5
6, 7
8, 9
10, 11
12
13
14
15
16
17, 18
19
20
21
Features
Floor Plans
Photos
Aerial Photos
Plat Map
Section Map
Zoning Map
Traffic Counts
Location Map
Demographics
Thank You
Agency Disclosure
Contact
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
2
25446 MAIN STREET, NISSWA
{ Features }
Main Street
Nisswa.
Excellent retail investment
along Main Street in
Nisswa! Enjoy a great
return on your investment
with Appaloosa Ridge as
your current long-term
tenant. The building has a
great display area with
ample storage in the back,
plus an entire apartment upstairs currently used for storage as well. Conversion of the upper level back
to an apartment could lead to additional income. Locals and tourists alike flock to this area for many of
their shopping needs - now is the time to own prime real estate with instant exposure to both vehicle
and pedestrian traffic.
Location:
25446 Main Street, Nisswa, MN 56468
Directions:
From the Baxter Hwy 210/371 intersection - North on Hwy 371 to
Nisswa - Right on CR 18 - Exit round-a-bout onto Smiley Road
(which turns into Main Street) - Property is located on the east side
of Main Street, just before Chocolate Ox
Lot Size:
7,405.2 sq. ft. (0.17 Acres)
Retail Building:
4,602 sq. ft. (Main Level)
Apartment:
3,692 sq. ft. (Upper Level)
Canopy:
416 sq. ft. (52’ x 8’)
Purchase Price:
$499,900
2014 Taxes:
$7,955.24 (Including $30 in Assessments)
Sewer:
City
Continued on next page.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
3
25446 MAIN STREET, NISSWA
{ Features }
Water:
Well
Heating:
Natural Gas Forced Air
Cooling:
Central Air - Electric Ground Unit
Electric:
100 Amp, Single Phase
Lighting:
Fluorescent
Construction:
Wood Frame
Levels:
2
Foundation:
Concrete Block
Exterior Walls:
Wood Siding & Steel Sheets
Roof:
Asphalt Shingles
Floor Drains:
2
Ceiling Height:
9’
Bathrooms:
1 (Main Level) & 1 (Upper Level)
High Speed Internet:
Yes
Utility Providers:
Power: MN Power
Gas: Excel Energy
Zoning:
CBD - Central Business District
A district that allows and encourages building design and lay-out for
pedestrian access associated with the traditional downtown area,
including zero-lot line setbacks, sidewalks, awnings and other
architectural design features. The City should encourage tourism
related businesses, offices, medical facilities and public uses to locate
within this district.
Continued on next page.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
4
25446 MAIN STREET, NISSWA
{ Features }
Parking:
2 Cement Stalls behind Building plus On-Street Parking along both
sides of Main Street
PID#’s:
28144000004Z889 & 281650020120009
Legal Description:
That part of lots 4 & 5 lying between lines drawn through said lots 4
& 5 on bearings of S 84 Deg 06 Min 43 Sec W and S 87 Deg 00
Min 17 Sec W from points along the E line of said Gov Lot 2
assumed to bear S 00 Deg 38 Min 49 Sec E, distant 454.75 ft and
541.99 ft respectively from the NE corner thereof. Subject to
easements, reservations or restrictions of record. (Sub Plat of Gov
Lot 2 Sec 11-135-29) AND Lot 12, Block 2, Paul Bunyan Trail
Nisswa Addition.
Neighboring Businesses:
Located along Main Street, neighboring businesses include Chocolate
Ox, Rebecca’s, All My Walls, Woodland Meadow, Zaiser’s, Town &
Lake, Buffalo Plaid, Ganley’s, The Bird House, Martin’s, Rafferty’s
Pizza, Smiles, Totem Pole, Turtle Town, Carriage House, Adirondack,
Fun Sisters, Lundrigan’s, Nisswa Drug BlackRidge Bank, A&W, Dairy
Queen, Ye Ole Pickle, plus numerous other retail/food/specialty shops.
Also in the area is Schaefer’s Foods, Spirits of Nisswa, Holiday Gas,
Wendy’s, Grandview Resort, Zorbaz, Bar Harbor, Subway, Anytime
Fitness, plus others.
Lease Details:
Tenant:
Appaloosa Ridge
Lease Rate & Terms: Ask Agent for details
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
5
25446 MAIN STREET, NISSWA
{ Floor Plan }
Main Level
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
6
25446 MAIN STREET, NISSWA
{ Floor Plan }
Upper Level
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
7
25446 MAIN STREET, NISSWA
{ Photos }
Front Entrance & Side Pergola
Back Side of Building/Delivery Doors
Main Level - Retail Area
Main Level - Retail Area
Main Level - Retail Area
Main Level - Storage
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
8
25446 MAIN STREET, NISSWA
{ Photos }
Main Level - Storage/Break Room
Main Level - Storage/Delivery Doors
Upper Level - Storage
Upper Level - Storage
Upper Level - Bedroom/Storage
Upper Level - Kitchen/Storage
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
9
25446 MAIN STREET, NISSWA
{ Aerial Photo }
N
Subject
Property
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
10
25446 MAIN STREET, NISSWA
{ Aerial Photo }
Raedeke Art
Nature’s Touch
Birch Bay
Tumbleroo’s
Post Office
Rachel’s Bakery
Home Decor
Edward Jones
Meg’s Cabin
Nisswa Motel
Wellness One
A&W
Nisswa Drug
Lundrigan’s
Fun Sisters
Adirondack
Carriage House
Turtle Town
Totem Pole
BlackRidge Bank
Smiles
Rafferty’s Pizza
Martin’s
All My Walls
Rebecca’s
Chocolate Ox
The Bird House
Micky’s
Main Street
Commercial
Woodland Meadow
Zaiser’s
Town & Lake
Buffalo Plaid
Ganley’s
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
11
25446 MAIN STREET, NISSWA
{ Plat Map }
Paul Bunyan Trail Nisswa Addition
& Sub Plat of Gov Lot 2 Sec 11-135-29
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
12
25446 MAIN STREET, NISSWA
{ Section Map }
* Lot dimensions are estimated from the
Crow Wing County GIS mapping site.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
13
25446 MAIN STREET, NISSWA
{ Zoning Map }
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
14
25446 MAIN STREET, NISSWA
{ Traffic Counts }
2007 Counts from MNDOT
Nisswa Traffic Counts: 5,700 on Main Street and 9,400 on Hwy 371
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
15
25446 MAIN STREET, NISSWA
{ Location Map }
North
South
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
16
25446 MAIN STREET, NISSWA
{ Demographics }
Trade Area 2013 Population (Includes the following counties):
Crow Wing County
Cass County
Total Trade Area Population
64,181
29,349
93,530
2013 Population:
Nisswa
Brainerd
Baxter
4,726
30,309
8,041
Estimated Summer Population:
Brainerd/Baxter
200,000+
Projected Population Growth Change 2013-2018:
Crow Wing County
Nisswa
Households in 2013:
Crow Wing County
Nisswa
0.35%
0.59%
12,316
2,056
2013 Median Household Income: Crow Wing County
Nisswa
$41,636
$55,037
Crow Wing County Retail Sales in 2004:
$1,563,020,000
Major Employers (with 150 or more employees):
Brainerd Public Schools #181
St. Joseph’s Medical Center
Brainerd Regional Human Service Ctr
Grand View Lodge
Maddens, Inc.
Crow Wing County
Ascensus
Cuyuna Regional Medical Center
Cragun’s Resort
Bethany Good Samaritan Village
Central Lakes Community College
Super Wal-Mart
Brainerd Medical Center
Crosby Public Schools-ISD
Ruttger’s Bay Lake Lodge
U.S. Link
Trus Joist Mac Millan
Breezy Point Resort
Pequot Lakes Public Schools
Riverwood International USA
Nor-son, Inc.
MN Dept of Transportation
Anderson Brothers Construction
Keystone Automotive Industries
Woodland Good Samaritan Village
Good Neighbor Home Health Care
# of Employees
Brainerd
950
Brainerd
908
Brainerd
677
Nisswa
600
Brainerd
500
Brainerd
450
Brainerd
404
Crosby
390
Brainerd
350
Brainerd
325
Brainerd
313
Baxter
300
Brainerd
285
Crosby
255
Deerwood
250
Pequot Lakes
246
Brainerd
220
Breezy Point
205
Pequot Lakes
200
Crosby
190
Baxter
177
Baxter
175
Brainerd
160
Brainerd
157
Brainerd
150
Brainerd
150
Continued on next page.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
17
25446 MAIN STREET, NISSWA
{ Demographics }
Area Businesses: (To see a list of additional businesses, please go to www.explorebrainerdlakes.com)
Financial Institutions: 15+
(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:
Anytime Fitness
Baxter Village
(6 Retailers)
Best Buy
Big Lots
Book World
Brother’s Motorsports
Christmas Point
Costco
Crosslake Town Square
(12 Retailers)
Cub Foods (2)
Discount Tire
Dunham’s Sports
East Brainerd Mall
(17 Retailers)
Fleet Farm
Gander Mountain
Herberger’s
Home Depot
JC Penney’s
Kohl’s
Major Retailers Continued:
Menards
Northwoods Plaza
(6 Retailers)
Office Max
Sears
Super One
Super Wal-Mart
Target
The Power Lodge
Walgreens
Westgate Mall
(27 Retailers)
Restaurants/Fast Food:
371 Diner
Antler’s
Applebee’s
Arby’s
Bar Harbor
Billy’s
Black Bear Lodge & Saloon
Bonanza
Boomer Pizza
Boulder Tap House
Brick House Pizza
Breezy Point Marina
Buffalo Wild Wings
Burger King
Caribou Coffee (2)
Cherry Berry
China Buffet
China Garden
Cold Stone Creamery
Country Kitchen
Cowboy’s
Cragun’s Legacy Grill
Cru
Culver’s
Dairy Queen (3)
Domino’s Pizza
El Tequila
Erbert & Gerberts
Ernie’s
Four Seas
Giovanni’s Pizza
Grizzly’s Grill & Saloon
Restaurants/Fast Food Continued
Half Moon Saloon
Hardee’s
Hunt ‘N Shack
Iven’s on the Bay
Jack’s House
Jakes’s
Jimmy John’s
KFC (2)
Madden’s Classic Grill
Manhattan Beach
Maucieri’s
McDonalds (3)
Moonlite Bay
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
Prime Time
Quarterdeck
Rafferty’s Pizza (3)
Riverside Inn
Ruttger’s
Sawmill Inn
Sherwood Forest
Starbucks
Subway (3)
Sundshine/Moonshine
Taco Bell
Taco John’s
The Barn
The Chap
The Commander
The Lodge Grill
The Pines at Grandview
Timberjack
TJ’s Log Cabin
Wendy’s (2)
Ye Ole Wharf
Zorbaz (2)
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
18
25446 MAIN STREET, NISSWA
{ 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.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
19
25446 MAIN STREET, NISSWA
{ Agency Disclosure }
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
20
25446 MAIN STREET, NISSWA
{ Contact }
Address:
521 Charles Street
PO Box 327
Brainerd, MN 56401
Telephone:
218-828-3334
Fax:
218-828-4330
Website:
www.closeconverse.com
You may also contact the following members of the
Close~Converse team by cell phone or email.
Nate Grotzke, CCIM 218-838-1000 cell
[email protected]
Tim Miller
218-838-8772 cell
[email protected]
Chris Close, CCIM
218-831-7510 cell
[email protected]
Kevin Close
218-831-3077 cell
[email protected]
Jody Osterloh
218-831-0712 cell,
[email protected]
Rod Osterloh
218-831-1301 cell
[email protected]
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2014 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
21