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Downtown Brainerd Shops 613-623 Maple St 7,623 SF 100% Leased Office Building Brainerd, MN 56401 $599,000 ($78.58/SF) 8.53% Cap Rate
Investment Highlights
- Stable in-place cash flow from 5 established local service-oriented tenants, including VFW Post, Dental Care, Hair & Beyond, Lotus Spa.
- Several tenants are paying below-market rental rates, creating a clear opportunity for future NOI growth through lease renewals and strategic.
- Positioned in the heart of Downtown Brainerd with excellent visibility, walkability, and a surrounding base of over 25,000 residents within a 5-mile.
- Offered at just $80.16 PSF for a 7,623 SF multi-tenant retail asset, presenting investors with an affordable entry point and long-term appreciation.
- 3 tenants are currently on month-to-month leases, allowing new ownership to adjust rents to market, negotiate longer-term leases, or reposition.
Executive Summary
We are pleased to exclusively offer for sale the 7,473 SF Downtown Brainerd Shops located at 613–623 Maple Street in Brainerd, MN. Offered at just $80.16 PSF, this multi-tenant retail asset provides investors with an attractive below-replacement-cost entry point, stable income potential, and significant long-term value appreciation opportunities.
In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007 BoR: Scott Reid - Lic. MN #40685006
In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007 BoR: Scott Reid - Lic. MN #40685006
Property Facts
Sale Type
Investment
Property Type
Building Size
7,623 SF
Building Class
C
Year Built
1943
Price
$599,000
Price Per SF
$78.58
Cap Rate
8.53%
NOI
$51,094
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,623 SF
Building FAR
1.00
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
MS - Main Street
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dental Care
- Professional, Scientific, and Technical Services
- 1,250 SF
- $10.39
- Modified Gross
- -
- Hair & Beyond
- Professional, Scientific, and Technical Services
- 1,250 SF
- $13.44
- Modified Gross
- -
- Lotus Spa
- Professional, Scientific, and Technical Services
- 1,250 SF
- $8.40
- Modified Gross
- Dec 2027
- Tattoo Designs
- Professional, Scientific, and Technical Services
- 1,135 SF
- $9.52
- Modified Gross
- Aug 2027
- VFW Post
- Retailer
- 2,738 SF
- $5.26
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dental Care | Professional, Scientific, and Technical Services | 1,250 SF | $10.39 | Modified Gross | - | |
| Hair & Beyond | Professional, Scientific, and Technical Services | 1,250 SF | $13.44 | Modified Gross | - | |
| Lotus Spa | Professional, Scientific, and Technical Services | 1,250 SF | $8.40 | Modified Gross | Dec 2027 | |
| Tattoo Designs | Professional, Scientific, and Technical Services | 1,135 SF | $9.52 | Modified Gross | Aug 2027 | |
| VFW Post | Retailer | 2,738 SF | $5.26 | Modified Gross | - |
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Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 09196069001Z009 | Improvements Assessment | $245,100 |
| Land Assessment | $42,800 | Total Assessment | $287,900 |
Property Taxes
Parcel Number
09196069001Z009
Land Assessment
$42,800
Improvements Assessment
$245,100
Total Assessment
$287,900
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Contact the Sale Advisor
Downtown Brainerd Shops | 613-623 Maple St