707 LAUREL STREET, BRAINERD, 56401 - …images4.loopnet.com/d2/hPg3rtgg7DVkGUaDUwjeds_1... · Lot...

707 LAUREL STREET, BRAINERD, 56401

COMMERCIAL & APTS

COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT

INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES

{ Table of Contents }

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707 LAUREL STREET, BRAINERD

521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2017 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neitherthe owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may bereproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties. www.closeconverse.com

3 - 5 Features6 Rent Roll7 Floor Plans8 - 10 Photos11, 12 Aerial Photos13 Plat Map14 Section Map15 Zoning Map16 - 18 Zoning Description19 Traffic Counts20 Location Map21, 22 Demographics23 Thank You24 Agency Disclosure25 Contact

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{ Features }

www.closeconverse.com© 2017 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neitherthe owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may bereproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.

521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334

DowntownBrainerdCommercial& ApartmentsPrime commercial cornerlocated in the heart ofDowntown Brainerd. Thishistoric Lakes Area 2-level night club with 3full-service bars has beenentertaining the masses for decades with 2 stages for live bands, dancing, and drinks. Excellentopportunity for an entrepreneur to breathe new life into this one-of-a-kind building while earningadditional income through the 9 upper level apartment rental units. This location boasts great visibility, easy access and high traffic counts!

Location: 707 Laurel Street, Brainerd, MN 56401

Directions: From the Historic Water Tower in Downtown Brainerd (at the intersection of S 6th Street and Washington Street) - South on S 6th Street - East on Laurel Street 1 Block - Property is NE corner of Laurel Street and S 7th Street

Lot Size: 7,000 sq. ft. (50’ x 140’)

Building Size: 21,000 sq. ft. TotalMain Level: 7,000 sq. ft. Lower Level: 7,000 sq. ft. Upper Level: 7,000 sq. ft. (9 Apartments)

PRICE REDUCED: $449,000 $350,000

2017 Real Estate Taxes: $7,792.71

Water & Sewer: City

Continued on next page.

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{ Features }

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Heating: Natural Gas Forced Air

Cooling: Central Air - Rooftop Unit

Electric: 1 (200) Amp Panel & 1 (100) Amp Panel, Single Phase

Lighting: Fluorescent

Year Built: 1923

Construction: Stone & Concrete

Foundation: Stone & Concrete

Exterior: Brick

Roof: Flat

Ceiling Height: Main Level: 11’Lower Level: 8.5’ - 9’

Bathrooms: Main Level: 4 (2 Men’s Rooms, 2 Women’s Rooms)Lower Level: 3 (1 Men’s Room, 1 Women’s Room, 1 Private)

Sprinkled: Lower Level Only

Floor Drains: 6

High Speed Internet: Yes

Parking: On-Street Parking on Laurel Street and S 7th Street

Frontage: 140’ along Laurel Street and 50’ along S 7th Street

Sidewalks: Yes

Curb/Gutter: Yes


{ Features }

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Zoning: B3 - Central Business District

PID#: 09196041023Z889

Legal Description: Lots 23 & 24 Block 41, Town of Brainerd & First Addition to Brainerd

Neighboring Businesses: Businesses nearby include EL Menk, The Gallery, Bridge of Harmony, Bargains on 7th, Pawn Shop, The Legion, Bremer Bank, Hockey House, Arlene’s, The Pit Stop, The Ivy Room, O’Neary’s, Cornerstone Liquor, Coco Moon, Northwinds Grille, plus numerous others.

Apartments: 9 Upper Level Apartment Units (Currently no floor plan available)Gross Leases w/ Tenant’s Paying Electric (Rent Roll on next page)

{ Rent Roll }

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{ Floor Plan }



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{ Photos }



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West Entrances Center, East & Apartment Entrances

East Bar & Seating East Bar & Seating

East Bar & Entrance Center Entrance & Central Stage

{ Photos }



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Central Stage Main Level - West Bar, Seating & Entrance

Main Level - West Bar & Seating Main Level - West Seating

East Stairs to Lower Level Lower Level - Bar & Seating

{ Photos }



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Lower Level - West Stairs & Stage Lower Level - East Stairs & DJ Booth

Lower Level - Storage Lower Level - Storage

{ Aerial Photo }



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N

DivingSchool

TheBarn

SawmillInn

Thrifty

Midtown Center

Post Office

County Jail

Breen &Person

Brainerd High School

Bremer

CourtHouse

Electric Etc.

Great RiverDoor Co.

Giovanni’s

FoodCo-op

LittleCaesars

Yesterday’s GoneMoose/Elks

BN CreditUnion

O’ReillyAuto

YMCA

UBC

MMFCU

Office Shop

Holiday

CityHall

{ Aerial Photo }



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Shep’s

Erickson Law

Hai

r &B

eyon

d Bremer

ELMenk

The Gallery

VFW

OpenWindow

612Station

HockeyHouse

Bridge of Harmony

O’Neary’s

Bra

iner

dD

enta

l

PainInk

LashOut

Inte

gra

Tele

com

Nex

tera

COMMERCIALW/ APARTMENTS

CocoMoon

NorthwindsGrille

ThriftyWhite

CornerstoneLiquor Bob &

Frans

PitStop

Last Turn Saloon

IvyRoom

Arlenes

BN CreditUnion

NorthlandFire

Fancy Pants

PawnLegion

Bargains on 7thTaffy’s

Antiques

TotallyKidz

FrontStreetCafe

SportsCards

PicturePerfect

DesignConsign

ArcadiaCenter

{ Plat Map } Town of Brainerd & 1st Add. to Brainerd



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{ Section Map }



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{ Zoning Map }



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B3 - Central Business District

{ Zoning Description }



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B-3 CENTRAL BUSINESS DISTRICT

515-62-1: Purpose and Intent. The purpose of this district is to encourage the continuation of a viable, traditional downtown area byallowing retail, service, office and entertainment facilities and public and semi-public uses as well as the allowance of second-storydwelling units located above such uses.

515-62-2: Permitted Uses.A. Government and public buildings, utilities and/or structures.B. Financial institutions such as banks and credit unions.C. Hospitality businesses limited to hotels, motels, conference/convention/reception facilities. Extended stay hotels and motels provid-ed that:a. The City of Brainerd will be notified prior to becoming an extended stay facility.b. Stays are limited to 90 consecutive days.c. All guest rooms which have facilities for both storage and food preparation less than 300 square feet of floor area are limited to amaximum of two (2) persons per room; however, for all such guest rooms greater than 300 square feet, one additional person shall beallowed per each 75 square feet of floor area up to a maximum of four (4) persons.d. Kitchen facilities including a stove and oven are provided.e. Each hotel and motel shall maintain daily written records reflecting the renting, letting, or other provisions of any of its roomsincluding check in and check out dates of each person over 18 years of age that rents, lets or is otherwise provided a room or occupies aroom on an overnight basis. Such records shall be made available to the City of Brainerd upon requestD. Liquor sales, on and off sale. E. Office business – clinic such as general medical clinics, medical labs, mental health providers, chiropractors, dentists, orthodontia,oral surgeons, opticians, physical therapy and other out-patient treatment.F. Office business – general such as professional administrative or clerical service operations such as attorneys, financial advisors, insur-ance, travel and real estate.G. Personal services limited to barber shops, beauty salons, nail salons, tanning salons, therapeutic massage, spas, tattooing,tailoring/alterations, and schools/training centers for such uses.H. Recreational businesses - indoor.I. Restaurants – sit down, take out or delivery.J. Retail businesses contained within a principal building.K. Decorating and photography studios.L. Business, vocational, colleges, and universities located above first floor.M. Business when conducted entirely within a building.N. Theaters – except drive-in.O. Cultural facilities such as museums, art centers or art institutes.P. Repair services limited to jewelry and radio and television/small appliance repair shops, household items, electronics, shoe repair,upholstery or locksmith.Q. On-site service businesses limited to tailoring, dry cleaners, self-service laundry and copy centers.R. Music, art, decorating, photography and dance studios.S. Health clubs.T. Essential services as regulated by Section 36 of this Ordinance.U. Self-service Laundromat with dry cleaning pick up and drop off.

515-62-3: Accessory Uses.A. Uses incidental to the principal uses such as off-street parking as regulated by Section 17 of this Ordinance. B. Loading and unloading areas subject to the provisions of Section 23 of this Ordinance.C. Signs as regulated by Section 37 of this Ordinance.D. Fences as regulated by Section 19 of this Ordinance.E. Radio and television receiving antennas, satellite dishes, TV Receive Only (TVRO) three (3) meters or less in diameter, short-waveradio dispatching antennas, or those necessary for the operation of electronic equipment including radio receivers, ham radio transmit-ters and television receivers as regulated by Section 35 of this Ordinance.

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515-62-4: Uses by Administrative Permit.A. Temporary/seasonal outdoor promotional events and sales provided that:1. Such activity is targeted toward the general public and includes grand openings, warehouse sales, sidewalk sales, inventory reductionand liquidation sales, and seasonal merchandise sales.2. The maximum term of the event shall not exceed fourteen (14) consecutive days, with a maximum of four (4) permits per calendaryear for each use. Consecutive permits may be issued.3. Parking and display areas associated with the use shall not distract or interfere with existing business operations or traffic circulationpatterns.4 The site shall be kept in a neat and orderly manner and display of items shall be as compact as possible so as to not interfere withexisting business, parking or driveway operations.5. Sales products, trailers, temporary stands, etc. shall be located on an asphalt or concrete surface as approved in the AdministrativePermit.6. Temporary outdoor seasonal sales uses (with a valid Administrative Permit) may have one (1) on-site temporary sign not to exceedtwenty-four (24) square feet in area and not more than six (6) feet in height.7. A daily clean up program shall be presented as part of the Administrative Permit application.B. Personal wireless service antennas as regulated by Section 35 of this Ordinance.

515-62-5: Interim Uses.A. None.

515-62-6: Conditional Uses.A. Residential and non-residential uses within one (1) building provided that:1. Residential and non-residential uses shall not be contained on the same floor and no residential use shall be located on the firstfloor.2. Residential and non-residential uses shall have separate entrances and exits.B. Non-enclosed areas for dining and/or serving alcohol when accessory to a restaurant and/or bar provided that:1. The applicant submits a site plan in accord with Section 5 of this ordinance that includes information demonstrating the locationand type of all tables, refuse receptacles, and wait stations.2. Access shall be provided only via the principal building.3. The size of the area is restricted to thirty (30) percent of the total customer floor area within the principal structure.4. The area is screened from view from adjacent residential uses in accordance with Section 20 of this Ordinance.5. All lighting shall be hooded and directed away from adjacent residential uses in accordance with Section 18 of this Ordinance.6. The applicant demonstrates that pedestrian circulation is not disrupted as a result of the area by providing the following:a. Minimum clear passage zone for pedestrians at the perimeter of the restaurant shall be at least five (5) feet without interference fromparked motor vehicles, bollards, trees, tree gates, curbs, stairways, trash receptacles, street lights, parking meters, or the like.b. Overstory canopy of trees, umbrellas or other structures extending into the pedestrian clear passage zone or pedestrian aisle shallhave a minimum clearance of seven (7) feet above sidewalk.7. The area is surfaced with concrete, bituminous, decorative pavers or may consist of a deck with wood or other flooring material thatprovides a clean, attractive, and functional surface.8. Storage of furniture shall not be permitted outdoors between November 1 and March 31. Outdoor furniture that is immovable orpermanently fixed or attached to the sidewalk shall not be subject to the storage prohibition of this section. However, any immovableor permanently fixed or attached furniture shall be approved as part of the conditional use permit application. 9. Additional off-street parking may be required pursuant to the requirements set forth in Section 22 of this Ordinance based on theadditional seating area provided by the area.10. Closed lid refuse containers are to be provided.11. So as to deter the free passage of any person or substance beyond the barriers of the non-enclosed areas, a barrier at a minimum ofthirty-six (36) inches made of wood, vinyl, wrought iron, brick or natural stone, planters or other approved material shall be provided.Barrier Openings shall be spaced such that visibility is allowed but the passage of an alcoholic beverage through an opening to a personthat is not within the nonenclosed area is prohibited.12. The primary access and egress will be from the main premises or structure and no other access or egress will be allowed other thanthose required as emergency exits. The outdoor sale area will be defined or structurally constructed so as to prohibit the free passage ofany person or substance beyond said area.13. Smoking in the area, if allowed by the business owner, is permitted provided the area is in compliance with the Minnesota Freedomto Breathe Act of 2007.

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14. The Building Official shall review the suitability of the area in light of the applicable fire, building, and life safety codes and theadequacy of the proposal to provide for the safety of persons on the premises.15. There shall be no amplified live music allowed in the area except in the case of special event, which requires a permit from theCity. Music shall be kept to a level that is not intrusive to surrounding property.16. All licenses required for serving alcohol specified in city code Chapter XIII shall be obtained.C. Planned Unit Developments (PUDs) without first floor residential, as regulated by Section 11 of this Ordinance.D. Private clubs and lodges provided that:1. Off-street parking and access is provided in compliance with Section 22 of this Ordinance.2. Off-street loading and service entrances are provided as regulated by Section 23 of this Ordinance.E. Places of worship above the first floor. F. Commercial day care facilities are regulated by Section 29 of this Ordinance.G. Parking structures provided that the first floor contains a business use.H. Brew Pub Off-Sale. A brewer with an off-sale malt liquor license subject to the provisions of Minnesota Statutes 340A and the fol-lowing:1. No outdoor storage.2. No odors from the brewery facility shall be perceptible beyond the property line. If such odors occur, the brewery facility operatorshall take appropriate measures to reduce or mitigate any odors generated from the operation and be in compliance with any applicableMinnesota Pollution Control standards.I. Brew Pub On-Sale. A brewer with an on-sale malt liquor license subject to the provisions of Minnesota Statutes 340A and the fol-lowing:1. No outdoor storage.2. Comply with the requirements of 515-62-6B for outdoor serving.3. No odors from the brewery shall be perceptible beyond the property line. If such odors occur, the brewery shall take appropriatemeasures to reduce or mitigate any odors generated from the operation and be in compliance with any applicable Minnesota PollutionControl standards.4. On-site sale of wine or spirits is permitted in accord with Minnesota Statutes and Brainerd City Code XII.J. Brewery with Taproom On-Sale. A brewer with an on-sale brewery taproom license for the “On-Sale” of malt liquor produced on thelicensed premises subject to the provisions of Minnesota Statues 340A and the following:1. No outdoor storage.2. Comply with the requirements of Brainerd City Code 515-62-6B for outdoor serving, if applicable.3. No odors from the brewery shall be perceptible beyond the property line. When such odors occur, the brewery shall take appropriatemeasures to reduce or mitigate any odors generated from the operation and be in compliance with any applicable Minnesota PollutionControl standards.K. Brewery with Taproom Off-Sale. A brewer with an off-sale brewery taproom license for the “off-sale” of malt liquor produced on thelicensed premises subject to the provisions of Minnesota Statutes 340A and the following: 1. No outdoor storage.2. A taproom for malt liquor “off-sale” produced on-site shall require an “on-sale” taproom room license form the City of Brainerd,according to the City Code Section XII.3. Comply with the requirements of Brainerd City Code 515-62-6B for outdoor serving, if applicable.4. No odors from the brewery shall be perceptible beyond the property line. When such odors occur, the brewery shall take appropriatemeasures to reduce or mitigate any odors generated from the operation and be in compliance with any applicable Minnesota PollutionControl standards.

515-62-7: Lot Area and Setback Requirements. Minimum lot area, width, setback, and height requirements are not applicable. Athirty (30) foot setback shall be required for buildings located adjacent to residentially zoned property.

515-62-8: Building Height: Not more forty-five (45) feet unless otherwise granted under a Conditional Use Permit.

515-62-9: Exterior Building Standards. As regulated in Section 17 of this Ordinance.

515-62-10: Residential Restriction: First floor/street level residential uses are prohibited

{ Traffic Counts } 2015 Counts from MNDOT



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Brainerd Traffic Counts: 11,100 on S 6th Street and 1,050 on Laurel Street

{ Location Map }



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North

South

{ Demographics } Figures from STDB, CCIM



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Trade Area 2016 Population (Includes the following counties): Crow Wing County 65,395Cass County 29,482 Total Trade Area Population 94,877

2016 Population: Brainerd 30,596Baxter 8,114

Estimated Summer Population: Brainerd/Baxter 200,000+

Projected Population Growth Change 2016-2021:Crow Wing County 0.60% Brainerd 0.40%

Households in 2016: Crow Wing County 27,185Brainerd 12,516

2016 Median Household Income: Crow Wing County $50,396Brainerd $47,444

Crow Wing County Retail Sales in 2012: $1,124,967,000

2016 Crow Wing County Major Employers: Industry # of Employees Essentia Health - Central Region Healthcare 1,460Cuyuna Regional Medical Center Healthcare 947Brainerd School District Education 893Grand View Lodge Tourism 720Madden’s Resort Tourism 550Ascensus Technology 500Breezy Point Resort Tourism 500Clow Stamping Manufacturing 440Crow Wing County Government 415Cragun’s Resort Tourism 380Central Lakes College Education 325Walmart Retail 320Cub Foods/Super Valu (3 Stores) Retail 320Ruttgers Bay Lake Resort Tourism 300Anderson Brothers Construction Construction 260Pequot Lakes School District Education 240Crosby Ironton School District Education 240Mills Automotive Retail 220Bang Printing Manufacturing 218City of Brainerd Government 208Bethany Good Samaritan Healthcare 175Costco Retail 175Woodland Good Samaritan Healthcare 175Landys+Gyr Inc. Energy 140Nortech Systems Manufacturing 97


{ Demographics }



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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 InnBreezy Point ResortCragunsFritz’s ResortGrand View LodgeGull Lake ResortIzaty’sKavanaugh’sLost Lake LodgeMaddensQuarterdeckRuttger’s Bay Lake LodgeSullivansPlus numerous others

Major Retailers:AldiAnytime FitnessAuto ZoneBest BuyBig LotsBook WorldBrother’s MotorsportsCashwise Liquor (2)Christmas PointCostcoCub Foods (2)Discount TireDunham’s SportsEast Brainerd Mall (17 Retailers)Fleet FarmGander MountainHerberger’sHome DepotJC Penney’sJiffy LubeKohl’s

Major Retailers Continued:MenardsOffice MaxSearsSuper OneSuper Wal-MartTargetThe Power LodgeWalgreensWestgate Mall(27 Retailers)Westside Liquor

Restaurants/Fast Food:218 Local371 Diner612 StationAntler’sApplebee’sArby’sBar HarborBaxter’sBilly’sBlack Bear Lodge & SaloonBoomer PizzaBoulder Tap HouseBreezy Point MarinaBrick House PizzaBuffalo Wild WingsBurger KingBurritos CaliforniaCaribou Coffee (2)Cherry BerryChina BuffetChina GardenCold Stone CreameryCountry KitchenCowboy’sCragun’s Legacy GrillCruCulver’sDairy Queen (3)Diamond HouseDomino’s PizzaEl TequilaErbert & GerbertsErnie’sFour SeasGiovanni’s Pizza

Restaurants/Fast Food ContinuedGrizzly’s Grill & SaloonHalf Moon SaloonHardee’sHunt ‘N ShackJack’s HouseJake’sJimmy John’sKFC (2)Lucky’sMadden’s Classic GrillManhattan BeachMaucieri’sMcDonalds (3)Moonlite BayNorthern Cowboy’sNorthwinds GrilleOlive GardenPapa John’s PizzaPapa Murphy’s PizzaPerkinsPestello’sPine PeaksPizza HutPizza RanchPoncho & Lefty’sPrairie BayPrime TimeQuarterdeckRafferty’s Pizza (3)Riverside InnRuttger’sSakuraSawmill InnSherwood ForestStarbucks (2)Subway (3)Taco BellTaco John’sThe BarnThe ChapThe CommanderThe Pines at GrandviewTim Horton’sTimberjackWendy’s (2)Ye Ole WharfZorbaz (2)

{ Thank You }

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521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2017 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neitherthe owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may bereproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties. www.closeconverse.com

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 toprovide 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 discusshow this property meets your needs and desires. Facts, figures and background information will aid inyour decision. Should you need specialized counsel in the areas of taxation, law, finance, or other areasof professional expertise, we will be happy to work with your advisor or, we can recommend competentprofessionals.

How to acquire this opportunity

When you have made a decision to move forward, we can help structure a proposal that covers all thecomplexities of a commercial real estate transaction. As seller’s representatives, we know the seller’sspecific needs and can tailor a proposal that expresses your desires, provides appropriate contingenciesfor 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 oftheir commercial, investment or development real estate. You are encouraged to review the Minnesotadisclosure form “Agency Relationships in Real Estate Transactions” which is enclosed at the end of thispackage. 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.

{ Agency Disclosure }



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{ Contact }



Address: 521 Charles StreetPO Box 327Brainerd, 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 [email protected]

Nate Grotzke, CCIM 218-838-1000 cell [email protected]

Tim Miller, CCIM 218-838-8772 cell [email protected]

Kevin Close 218-831-3077 [email protected]

Rod Osterloh, ALC 218-831-1301 [email protected]

Jody Osterloh 218-831-0712 cell [email protected]

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