31046 CR 112, PEQUOT LAKES, MN 56472

COMMERCIAL LOT
31046 CR 112, PEQUOT LAKES, MN 56472
COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT
INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES
31046 CR 112, PEQUOT LAKES
{ Table of Contents }
Page 3
4, 5
6
7
8
9
10
11, 12
13
14
15
Features
Aerial Photos
Section Map
Zoning Map
Zoning Description
Traffic Counts
Location Map
Demographics
Thank You
Agency Disclosure
Contact
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Features }
Affordable to
Develop.
Excellent development
opportunity just off of Main
Street in Pequot Lakes’
business district! Locals
and tourists alike flock to
this area for many of their
shopping needs - you could
locate your business in the
middle of it all! Affordable
lot for an end-user to build an office or retail building.
Location:
31046 CR 112, Pequot Lakes, MN 56472
Directions:
From Baxter - North on Hwy 371 to Pequot Lakes - East on CR 11 North on CR 112 - Property is on the right (east) after the buildings
Lot Size:
1.3 Acres (56,628 sq. ft.)
Dimensions:
157’ x 333’ x 175’ x 239’ x 18’ x 94’
Frontage:
157’ along CR 112
Purchase Price:
$89,000
2015 Real Estate Taxes:
$856 (Including $15.00 in Assessments)
Water & Sewer:
City
Utility Companies:
Gas: Xcel Energy
Electric: Minnesota Power
Telephone: TDS Telecom
Zoning:
DMU - Downtown Mixed Use
PID #:
290113300I00009
Legal Description:
N 157 ft of S 308 ft of W 333 ft & N 18 ft of S 151 ft of E 239 ft of W
333 ft of SW 1/4 of SW 1/4 Section 11
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Aerial }
IL
71
TRA
Y3
AN
HW BUNY
L
PAU
OLD HWY 37
1
N
Pequot Lakes
Industrial Park
Commercial
Lot
CR 11
Dairy Queen
Oasis
Chamber
Lakes Latte
Lucky’s Tavern
Boardwalk Scoops
Fire Hall Center
T
E SIBLEY S
Pequot Lakes
High School
Super America
Beautiful Antiques
Pfeiffer Pharmacy
Legion
Lime Greenery
Library
Super Value
Wells Fargo
Pestello’s
W SIBLEY ST
UBC
CR 112
Brenny
American
National Bank
T ST
FRON
Auto Value
Neighboring Businesses: Located in the heart of downtown Pequot Lakes; next to The Fun Sisters,
Lime Greenery and several other shops and boutiques. Other businesses in the area include Lakes Latte,
Pestello’s, Wells Fargo, Super America, Oasis Restaurant, Liquor and Gas Station, Super Value, Dairy
Queen, Pequot Fire Hall Center, TimberJack Steak House and many more.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Aerial }
N
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Section Map }
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Zoning Map }
City of Pequot Lakes
DMU - Downtown Mixed Use
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Zoning Description }
DMU - Downtown Mixed Use
Purpose & Intent: To provide a zoning classification for a mix of high-density residential and
commercial uses. Development in this zone relies less on automobile traffic and more on
walking, biking and other similar modes of transportation.
Compatibility: The Downtown Mixed-Use zone is most compatible with and should be
established next to the Urban Residential zone, but it also may be adjacent to the Transition
Residential, Commercial and Light Industrial Zones.
Lot, Use, & Density Requirements:
Minimum Lot Width .................................. 25 ft.
Buildable Lot Area............................... 2,250 sq. ft.
Max. Imp. Coverage w/storm sewer....... 90%
Max. Imp. Coverage wo/storm sewer .... 50%
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Traffic Counts }
2007 Counts from MNDOT
Pequot Lakes Traffic Counts: 5,600 - 8,200 on CR 11 (Main St.) and 1,750 on CR 112
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Location Map }
North
South
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Demographics }
Trade Area 2015 Population (Includes the following counties):
Crow Wing County
Cass County
Total Trade Area Population
64,354
29,107
93,461
2015 Population:
Pequot Lakes
Brainerd
Baxter
7,560
30,237
7,894
Estimated Summer Population:
Brainerd/Baxter
200,000+
Projected Population Growth Change 2015-2020
Crow Wing County
Pequot Lakes
Households in 2015:
Crow Wing County
Pequot Lakes
0.53%
0.71%
27,048
3,133
2015 Median Household Income: Crow Wing County
Pequot Lakes
$49,559
$52,485
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
© 2013 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
31046 CR 112, PEQUOT LAKES
{ 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
Breezy Point Marina
Brick House Pizza
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
Jake’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)
Sunshine/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
© 2013 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
31046 CR 112, PEQUOT LAKES
{ 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/landlord’s representatives, we know the
seller’s/landlord’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
© 2013 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
31046 CR 112, PEQUOT LAKES
{ Agency Disclosure }
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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
31046 CR 112, PEQUOT LAKES
{ 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.
Kevin Close
218-831-3077 cell
kevin@closeconverse.com
Chris Close, CCIM
218-831-7510 cell
chris@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
Rod Osterloh
218-831-1301 cell
osterloh@closeconverse.com
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2013 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