For Sale: Brainerd MLS# 7163290
Active
NEW!
$599,000
Commercial: 1 Story
Built 1980
1.22 acres
Brainerd schools
MLS# 7163290
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Property Description
Enjoy the appeal of a country setting with the convenience of town nearby. Located on Riverside Drive in Brainerd, this single-story, five-unit apartment building offers an attractive investment opportunity with all five units currently occupied. The property combines a relaxed, country feel with easy access to Brainerd’s shopping, dining, and everyday amenities. Whether you’re expanding an existing rental portfolio or entering the multifamily market, this fully occupied property offers established rental income in a location tenants can appreciate.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,000
Property Type:
Commercial
City:
Brainerd
Garage Spaces:
0
County:
Crow Wing
Year Built:
1980
State:
MN
Property Style:
1 Story
Zip Code:
56401
Interior
Basement Details:
Partial
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Ductless Mini-Split
Foundation Size:
2,880 ft2
Handicap Accessible:
No Stairs External
Heating System:
- Boiler
- Space Heater
Parking Features:
- Gravel
- Open
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Storm Sewer
- Street Lights
Exterior Material:
Frame
Roof Details:
- Age 8 Years or Less
- Asphalt
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
1.22
Geolocation:
46.371074, -94.201607
Inclusions:
Building, Land, Leases
Lot Dimensions:
264.63’ x 214.65’ x 264.68’ x 214.67’
Zoning:
Other
Farm
Topography:
Level
Schools
School District:
181
District Phone:
2184546900
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,628
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,628
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Close-Converse Commercial Prop.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.