4285 west lake st, pequot lakes, mn

OFFICE BUILDING
4285 WEST LAKE ST, PEQUOT LAKES, MN
COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT
INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES
4285 WEST LAKE STREET, PEQUOT LAKES
{ Table of Contents }
Page 3, 4
5
6
7
8
9
10
11
12
13, 14
15
16
17
Features
Floor Plan
Photos
Aerial
Survey
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
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Features }
Office &
Shop Space.
Ideal opportunity to move or
expand your business to the
heart of Pequot Lakes! Enjoy
a great corner location and a
versatile building filled with
numerous offices and a large
shop space. Locals & tourists
alike flock to this area for
many of their shopping and
service business needs – you could be in the middle of it all! Benefit from the highly visible, high-traffic
corner location and the many neighboring businesses!
Location:
4285 West Lake Street, Pequot Lakes, MN 56472
Directions:
From Baxter - North on Hwy 371 to Pequot Lakes - Left (west) on West
Lake Street (directly after Dairy Queen & Oasis) - Building is on the
left (south) at the intersection of Olson Street
Lot Size:
35,966 sq. ft. (.82Acres)
Lot Dimensions:
175’ x 205.52’
Frontage:
175’ along West Lake Street & 205’ along Olson Street
Building Size:
Main Level:
Upper Level:
4,878 sq. ft. Total
4,718 sq. ft. (Offices & Shop)
160 sq. ft. (10’ x 60’ Storage Area)
Purchase Price:
$119,000
2013 Real Estate Taxes:
$5,222.48
Water & Sewer:
City (Electric Hot Water Heater)
Heating:
Natural Gas Forced Air (2 High-Efficiency Gas Furnaces)
Cooling:
Central Air
Continued on next page.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Features }
Electrical:
200 Amp, Three Phase
Lighting:
Fluorescent
Year Built:
Estimated in the 1960’s
Number of Levels:
1, plus a small upper level storage area of 160 sq. ft.
Construction:
Wood Frame & Concrete Block
Foundation:
Concrete Block
Exterior:
Wood Siding & Painted Concrete Block
Roof:
Asphalt Shingles
Ceiling Height:
Office: 8’
Shop: 9’
Overhead Doors:
1 (12’ H x 12’ W)
Bathrooms:
2
Security:
Yes
High Speed Internet:
Yes
Parking:
10+ Asphalt Spaces
Utility Companies:
Gas: Xcel Energy
Electric: MN Power
Zoning:
DMU - Downtown Mixed Use
PID #:
290151400BA0009
Legal Description:
That part of the SE 1/4 of NE 1/4 Section 15 described as follows;
Beginning at the NW corner of said SENE, then E’ly along the N line
of said SENE a distance of 175 ft, then S’ly on a line parallel with the
W line of said SENE a distance of 205.52 ft, then W’ly on a line
parallel with the N line of said SENE a distance of 175 ft, more or less
to the W line of said SENE, then N’ly along the W line of said SENE
205.52 ft more or less to the point of beginning. Subject to easements,
reservations or restrictions of record.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Floor Plan }
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Photos }
Front Entrance
Overhead Door
Office
Office Area
Reception Area
Shop
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Aerial }
Pestello’s
N
Downtown
Retail Shopping
Lakes Latte
Food King
Super America
Pequot Lakes
High School
Commercial
Building
Oasis
Dairy Queen
Lonesome Cottage
Super Value
Pequot Lakes
Industrial Park
Oasis Cafe,
Gas Station,
& Liquor
Dairy Queen
Lonesome Cottage
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Section Map }
Neighboring Businesses: Located directly behind the Oasis Center (Cafe, Gas Station and Liquor Store)
and Dairy Queen. Other’s nearby include the Pequot Lakes High School, Lonesome Cottage, Super Value,
Wells Fargo, Super America, Lakes Latte, Food King, Pestello’s, plus numerous retail shops and offices
located in the downtown area.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Zoning Map }
City of Pequot Lakes
DMU - Downtown Mixed Use
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, 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
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Traffic Counts }
2007 Counts from MNDOT
Pequot Lakes Traffic Counts: 12,200 on Hwy 371
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Location Map }
North
South
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ 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:
Pequot Lakes
Brainerd
Baxter
7,821
30,309
8,041
Estimated Summer Population:
Brainerd/Baxter
200,000+
Projected Population Growth Change 2013-2018:
Crow Wing County
Pequot Lakes
Households in 2013:
Crow Wing County
Pequot Lakes
0.59%
0.80%
26,802
3,228
2013 Median Household Income: Crow Wing County
Pequot Lakes
$43.810
$44.933
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
© 2012 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
4285 WEST LAKE STREET, 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
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
© 2012 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
4285 WEST LAKE STREET, 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
© 2012 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
4285 WEST LAKE STREET, PEQUOT LAKES
{ Agency Disclosure }
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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
4285 WEST LAKE STREET, 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.
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
Kevin Close
218-831-3077 cell
kevin@closeconverse.com
Rod Osterloh
218-831-1301 cell
osterloh@closeconverse.com
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2012 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