View Brochure - Close Converse

DEVELOPMENT LAND
23787 & 23635 HWY 371, NISSWA, MN
COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT
INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES
HWY 371, NISSWA
{ Table of Contents }
Page 3 - 5
6
7
8
9
10 - 11
12
13
14
15, 16
17
18
19
Features
Divisble Areas, Land Use & Pricing
Survey
Section Map
Section Aerial
Aerial Photos
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
HWY 371, NISSWA
{ Features }
Commercial
& Residential
Development
Opportunity.
Take all or just part of this
rare opportunity to purchase
and develop a large tract of
acreage near Sportland
Corners in Nisswa. Nearly
135 acres lies along the Hwy 371 corridor offering prime visibility and easy access - located close to a
major, controlled intersection leading to numerous resorts, homes, businesses, and tourist attractions.
Property is zoned for both commercial and residential development - making it ideal for many uses.
Develop your dreams today! The site is suitable for medical, retail, hospitality, office or residential
projects. Seller will divide.
Location:
23787 & 23635 Hwy 371, Nisswa, MN 56468
Directions:
From the Baxter Hwy 210/371 intersection - North on Hwy 371
towards Nisswa - Property is located on the west side of Hwy 371 just
south of Holiday Gas - Property begins approx. 800’ south of the Hwy
371 / CR 77 intersection and runs south to Polks Road.
Lot Size:
Approx. 134.2 Total Acres less ROW (According to Survey)
Road Frontage:
Approx. 3,974.34’ along Hwy 371
PRICE REDUCED:
Note:
$2,750,000
$2,350,000
Seller has proposed to divide the entire tract into 8 developable areas
plus green space. Area zoning, size and pricing can be seen on page 6.
2014 Taxes:
$22,133.90 For Entire Tract (Including $15.00 in Assessments)
Water:
Wells would need to be installed - Nisswa currently has no municipal
water supply.
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
HWY 371, NISSWA
{ Features }
Sewer:
City hook-up available - Municipal waste-water is located on the east
side of Hwy 371 and will have to be extended to the property.
Zoning:
Current Zoning is HB - Highway Business District & UR - Urban
Residential. The Seller is pursuing different configurations for the
zoning, as shown on page 6.
A district that allows and encourages commercial development that
provides services and shopping facilities adjacent to Trunk Highway
371. The City should encourage open space design principles for
commercial projects within this district.
A district designed to provide traditional residential neighborhood sites
adjacent to downtown and the Sportland Corner area. Residential
densities should range from one unit per 15,000 s.f. (with municipal
sewer) to one unit per 20,000 s.f. (without municipal sewer) The City
should allow single family, duplex, tri-plex and quad home
developments. Building types that incorporate more units may be
allowed by conditional use permit.
Highway Business:
Urban Residential:
Access Points:
A) North:
B) East:
C) South:
Neighboring Businesses:
See Section Aerial on Page 8
Access is from County Road 77, between Glynlyon and the water slide
Full access is provided on Hwy 371 toward the northerly portion of the
property
Full access is provided on Hwy 371 at Polk’s Road
Located along the Hwy 371 corridor, neighboring businesses include
Holiday Gas Station, Glynlyon, Schaefer’s Foods, BlackRidge Bank,
Spirits of Nisswa, Gull Dam Brewery, Wendy’s, Positive North Realty,
Kurilla Realty, D&H Docks, Walleye Dan Guide Service, Timberwood
Chruch, ReMax Lakes Area Realty, Frandsen Bank, Magnuson Hotel,
Nisswa Dock, Liquid Reflektions, Nisswa Building Supply, Subway,
Anytime Fitness, Waseau Homes, Micronet, Belle Cheveax Salon &
Spa, Grandview Resort, Zorbaz, Bar Harbor, Cowboy’s, plus many other
unique retail/food/specialty shops within the town of Nisswa.
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
HWY 371, NISSWA
{ Features }
Parcel #
Lot Size
2014 Taxes
3.65 Ac
$283.38
280232100G00889
18.57 Ac
280232300AA0009
5.76 Ac
$191.06
280232400B00009
20 Ac
$1,957.18
280232200A00009
280232400A00009
280233100A00009
280233100B00009
280233400A00009
25.76 Ac
14.38 Ac
20.83 Ac
33.01 Ac
$11,591.10
$3,570.64
$1,085.08
$1,267.00
$2,188.46
Legal Description
Pt of NE1/4 of NW1/4 lying S of N 700 ft
thereof exc St Hwy ROW exc pt to MP&L Co.
NW1/4 of NW1/4 exc pt to Gull Lake Sports as
recorded in Bk 273 of Deeds pg 240 & exc pt
to MP & L in Bk 217 Deeds pg 43 & excpt to
Anderson in Bk 156 Deeds pg 274.
E 380 ft of SWq/4 of NW1/4 exc N 660 ft
thereof N 660 ft of SE1/4 of NW1/4 & N 660 ft of E
380 ft of SW1/4 of NW1/4 subj to esmnts
SE1/4 of NW1/4 exc N 660 ft thereof
NE1/4 of SW1/4 exc State Hwy ROW exc S
770 ft thereof
S 770 ft of NE1/4 of SW1/4 exc Hwy ROW
SE1/4 of SW1/4 exc Hwy & exc S 33 ft
* See Page 8 for Section map with corresponding PID #’s. The divisible Land Use Areas
shown on Page 6 will be used in the sale of the 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
5
HWY 371, NISSWA
{
Divisible Areas, Land Use & Pricing
}
Proposed Land Use
(Note: Land uses and road
location indicated have not yet
been approved by the City of
Nisswa. 9-23-14)
HIGHWAY BUSINESS
30,000 SF MIN LOT SIZE
URBAN RESIDENTIAL
20,000 SF MIN LOT SIZE
OPEN SPACE RES.
100,000 SF MIN LOT SIZE
Size
463,000 SF
290,500 SF
365,000 SF
197,000 SF
124,000 SF
1,280,000 SF
812,400 SF
800,000 SF
Original
Price
$700,000
$300,000
$500,000
$250,000
$200,000
$300,000
$200,000
$200,000
Sale
Price
$550,000
$250,000
$450,000
$250,000
$200,000
$250,000
$200,000
$200,000
TOTAL 5,845,752 SF
$2,750,000
$2,350,000
Tract
A
B
C
D
E
F
G
H
Green
Space
$100,000
NA
$ / SF
$1.07
$0.86
$1.10
$1.27
$1.61
$0.20
$0.25
$0.25
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
HWY 371, NISSWA
{ Survey }
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
HWY 371, NISSWA
{ Section 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
8
HWY 371, NISSWA
{ Section Aerial }
A
B
C
* Access points to the property are shown in the yellow A, B & C notated circles.
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
HWY 371, NISSWA
{ Aerial Map }
Northland Center
N
Nisswa Marine
Nisswa Building
Supply
Magnuson Hotel
Nisswa Lake
Frandsen Bank
Wendy’s
Schaefer’s Foods
Glynlyon Holiday
Spirits of Nisswa
Gull Dam Brewery
Commercial
& Residential
Acreage
D&H Docks
Kurilla Realty
Walleye Dan
Guide Service
Timberwood
Church
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
HWY 371, NISSWA
{ Aerial Map }
N
B
A
F
C
G
H
E
D
Size
463,000 SF
290,500 SF
365,000 SF
197,000 SF
124,000 SF
1,280,000 SF
812,400 SF
800,000 SF
Original
Price
$700,000
$300,000
$500,000
$250,000
$200,000
$300,000
$200,000
$200,000
Sale
Price
$550,000
$250,000
$450,000
$250,000
$200,000
$250,000
$200,000
$200,000
TOTAL 5,845,752 SF
$2,750,000
$2,350,000
Tract
A
B
C
D
E
F
G
H
Green
Space
$100,000
NA
$ / SF
$1.07
$0.86
$1.10
$1.27
$1.61
$0.20
$0.25
$0.25
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
HWY 371, NISSWA
{ Zoning Map }
HB - Highway Business and UR - Urban Residential
3
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
HWY 371, NISSWA
{ Traffic Counts }
2007 Counts from MNDOT
Nisswa Traffic Counts: 19,800 on Hwy 371 & 5,100 on CR 13 / CR77
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
HWY 371, 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
14
HWY 371, 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
15
HWY 371, 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
16
HWY 371, 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
17
HWY 371, 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
18
HWY 371, 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.
Rod Osterloh
218-831-1301 cell
osterloh@closeconverse.com
Chris Close, CCIM
218-831-7510 cell
chris@closeconverse.com
Kevin Close
218-831-3077 cell
kevin@closeconverse.com
Nate Grotzke, CCIM 218-838-1000 cell
nate@closeconverse.com
Tim Miller
218-838-8772 cell
tim@closeconverse.com
Jody Osterloh
218-831-0712 cell,
jody@closeconverse.com
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