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US HWY 169 & CR 47, AITKIN, MN 56431 · us hwy 169 & cr 47, aitkin, mn 56431 retail for sale/lease...
Transcript of US HWY 169 & CR 47, AITKIN, MN 56431 · us hwy 169 & cr 47, aitkin, mn 56431 retail for sale/lease...
US HWY 169 & CR 47, AITKIN, MN 56431
RETAIL FOR SALE/LEASE
COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT
INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES
{ Table of Contents }
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US HWY 169 & HWY 47, AITKIN
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2019 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, 4 Features5 Floor Plan6, 7 Photos8, 9 Aerial Photos10 Section Aerial11 Section Map12 Zoning Map13, 14 Zoning Description15 Traffic Counts16 Location Map17 Demographics18 Thank You19 Agency Disclosure20 Contact
Page
{ Features }
www.closeconverse.com© 2019 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
2-Tenant RetailBuilding.Great investment opportunitywith a 2-tenant retail buildinglocated along the Hwy 169corridor in Aitkin. CurrentlyO’Reilly Auto Parts occupiesone space and the other spaceis available for lease. A tenantcan enjoy a large open retailfloor plan at an affordable rate.This location offers excellent exposure and easy access in a primarily residential neighborhood locatedjust south of the downtown shopping district.
Location: 315 1st Ave SE, Aitkin, MN 56431
Directions: Building is located on the NE corner of the intersection of Minnesota Ave S (Hwy 169) and 4th Street SE (Hwy 47)
Lot Size: 1.45 Acres (63,000 sq. ft.)
Lot Dimensions: 300’ x 300’ x 120’ x 150’ x 180’ x 150’
Frontage: 300’ along Minnesota Ave S (Hwy 169), 300’ along 4th Street SE (Hwy47), 150’ along 3rd Street SE and 120’ along 1st Ave SE
Building Size: 21,002 sq. ft. TotalO’Reilly Auto Parts: 8,334 sq. ft. (Tenant since 2007)Available Lease Space: 12,668 sq. ft.
Purchase Price: $750,000 (Entire Building)
Lease Rate: $4.50/sq. ft. Triple Net (Available Lease Space)
2019 Real Estate Taxes: $23,576
Water & Sewer: City
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{ Features }Construction: Concrete Block
Foundation: Poured Concrete
Exterior: Brick & Concrete Block
Roof: Flat - Rubber Membrane
Loading Dock: On the back side of the O’Reilly Auto Parts Space
Drive-In Door: On the front side of the O’Reilly Auto Parts Space
Parking: 65 Paved Asphalt Spaces
Zoning: C - Commercial Highway & LI-TC - Light Industrial / Commercial Transition
Current Tenant: O’Reilly Auto PartsNote: 9 Years Remaining; 4 Years @ $42,804/Yr and 5 Years @ $45,468/Yr
PID #: 56-1-035400, 56-1-035300 & 56-1-034800
Legal Description: Lots 7 - 12, less Hwy, Block 121 and S 20 ft of Lot 4 & all of Lots 5 & 6, Block 121, First Addition to Aitkin
AVAILABLE LEASE SPACE SPECS:Space Size: 12,668 sq. ft.Heating: Natural Gas Forced Air - Ceiling Cooling: Central Air - Electric Rooftop UnitsElectric: 200 Amp, Single PhaseLighting: Fluorescent Ceiling Height: 10’ & 14’Restrooms: 2Floor Drains: 3High Speed Internet: YesSecurity: YesStorage: There is a small unfinished upper level storage area in the back
room
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www.closeconverse.com© 2019 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
{ Floor Plan }
www.closeconverse.com© 2019 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
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{ Photos }
www.closeconverse.com© 2019 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
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Front Side of Building Back Side of Building
Pylon Signage for Building Available Lease Space
Lease Space - Entrance Lease Space - Open Retail Area
{ Photos }
www.closeconverse.com© 2019 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
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Lease Space - Open Retail Area Lease Space - Open Retail Area
Lease Space - Restrooms & Breakroom Lease Space - Back Room
Lease Space - Back Room Lease Space - Upper Level Storage
{ Aerial Photo }
www.closeconverse.com© 2019 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
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N
Hwy 169Retail
BlackrockTerrace Apts
RipplesideElementary
School
RiverwoodHealthcare Center
Hospital
Aitkin IronWorks
Aitkin HealthServices
First LutheranChurch
Aitkin CountyHousing
Funeral Home
New LifeAlliance Church
Aitkin CityPark
USPS AmericanLegion
FamilyDollar
Holiday
HardwareHank
RoadsideRestaurant
AitkinLiquor
DairyQueen
BrandlMotorsMcDonaldsAitkin
SecondarySchool
SubwayCVS
Downtown AitkinBusinesses
Golden HorizonsMemorycare
River MeadowsApartments
{ Aerial Photo }
www.closeconverse.com© 2019 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
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N
Hwy 169Retail
{ Section Aerial }
www.closeconverse.com© 2019 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
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{ Section Map }
www.closeconverse.com© 2019 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
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{ Zoning Map } City of Aitkin
www.closeconverse.com© 2019 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
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C - Commercial Highway & LI-CT - Light Ind /Comm Transition
{ Zoning Description }
www.closeconverse.com© 2019 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
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Continued on next page.
Highway Commercial (C).
(A) Purpose and intent. To provide a zoning classification for commercial uses oriented around the automobile. Parcelsare larger than in the Downtown Mixed Use Zone in order to provide on-site parking and on-site storm water facilities,as well as on-site water supply and sewage treatment where municipal utilities are not immediately available.
(B) Compatibility. The Commercial District should be established as a transition zone between the Downtown MixedUse (DMU) District, the Light Industrial/Commercial Transition (LI-CT) District or the Industrial (I) District and thesurrounding residential districts. The district may not be established in an area where it is completely surrounded by resi-dential districts.
(C) Lot and density requirements.Buildable lot area (sewered) - square feet, minimum 10,000Buildable lot area (unsewered) - square feet, minimum 20,000Building height - feet, maximum 45Impervious surface - percent, maximum 50%Lot width- feet, minimum 100Setback, between buildings - feet, minimum 10Setback, parking from lot line - feet, minimum 10Setback, rear - feet, minimum 10Setback, right-of-way, feet, minimum 50Setback, side next to residential district - feet, minimum 30Setback, side yard - feet, minimum 10Setback, sign - feet, minimum 1Setback, wetland - feet, minimum25
(D) Performance standards. The following performance standards apply to all development in this district.(1) Impervious coverage. Impervious coverage may be increased by up to 25%, not to exceed 75% of the property
area, through a conditional use permit if the following is provided and approved by the city:(a) A storm water retention plan showing containment of the ten-year, 24-hour storm event on the parcel; and(b) Elimination of direct runoff of storm water to adjacent properties and wetlands through the use of berms, infil-
tration ponds, swales, filtration strips or other permanent means.(2) Compatibility of use. Use shall be compatible with the surrounding neighborhood. Uses shall not present
noise, odor, light nuisances or any other nuisances.(3) Parking. Off-street parking shall be provided as per § 152.096 of this chapter. On-street parking is not allowed
under any circumstances. To reduce the visual impacts, landscaping between parking lots and all adjacent sidewalks,roads, lots and buildings is recommended. A landscaping plan should be submitted with the permit application.
(4) Screening. All sites shall be heavily landscaped to provide 80% screening to adjacent residential parcels.Percentages shall be determined by amount of structure that can be seen during leaf-on conditions. A landscaping andscreening plan must be submitted with any permit application.
(5) Lighting. Lighting shall be minimal, but sufficient to promote public safety. Lighting shall be downward direc-tional and shall be compatible with the surrounding development and, where appropriate, follow the historic light fixturestyle used for the downtown.
(6) Fire lanes. Fire lanes shall remain unobstructed at all times.(Ord. 332, passed 5-19-2008; Ord. 345, passed 7-6-2010)
{ Zoning Description }
www.closeconverse.com© 2019 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
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LIGHT INDUSTRIAL/COMMERCIAL TRANSITION (LI-CT) DISTRICT.
(A) Purpose and intent. To provide a zoning classification for a mix of light industrial and commercial uses. The areasincluded in this district have traditionally seen light industrial uses but as traffic patterns and business practices arechanging, the demand for industrial uses and appropriate intensity of the uses in relation to neighboring uses haschanged. The intent of this district is to promote adaptive re-use of older industrial buildings and prevent blight byallowing a mix of commercial and light industrial uses that are compatible.
(B) Compatibility. The Light Industrial/Commercial Transition (LI-CT) District is most compatible with and shouldbe established next to the Downtown Mixed Use (DMU) District.
(C) Lot and density. Lot and density requirements shall be the same as those listed in § 152.037(C) of this chapter.
(D) Performance standards. Performance standards shall be the same as those listed in § 152.037(D) of this chapter.(Ord. 332, passed 5-19-2008)
{ Traffic Counts } 2010 Counts from MNDOT
www.closeconverse.com© 2019 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
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Aitkin Traffic Counts: 9,800 on Minnesota Ave S (US Hwy 169) and 4,600 on 4th St SE(Hwy 47)
{ Location Map }
www.closeconverse.com© 2019 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
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North
South
{ Demographics }
www.closeconverse.com© 2019 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
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Trade Area 2018 Population (Includes the following counties): Crow Wing County 66,604Cass County 30,715 Total Trade Area Population 97,319
2018 Population: Aitkin County 16,189Aitkin 8,683Brainerd 31,100Baxter 8,295
Estimated Summer Population: Brainerd/Baxter 200,000+
Projected Population Growth Change 2018-2023:Aitkin County (0.17%) Aitkin (0.22%)
Households in 2018: Aitkin County 7,298Aitkin 3,852
2018 Median Household Income: Aitkin County $47,658Aitkin $51,174
Crow Wing County Retail Sales in 2012: $1,124,967,000
Leading Employers in Crow Wing County:Anderson Brothers Grandview LodgeAscensus Ideal System SolutionsAtek Industries Landis GyrBang Printing Madden’s ResortBethany Good Samaritan Mills AutomotiveBrainerd Public Utilities Minnesota CareBrainerd School District Nortech SystemsBreezy Point Resort Northstar PlatingCentracare Health Pequot Lakes School DistrictCentral Lakes College Ruttger’s Bay Lake ResortChambermaster TDS TelecomCity of Brainerd WalmartClow Stamping Woodland Good SamaritanCostcoCragun’s ResortCrosby Ironton School DistrictCrow Wing CountyCrow Wing County LandfillCrow Wing PowerCub Foods/Super ValuCuyuna Regional Medical CenterDan’s PrizeEssentia HealthGood Neighbor Home Health
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{ Thank You }
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521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2019 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 }
www.closeconverse.com© 2019 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
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{ Contact }
www.closeconverse.com© 2019 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
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.
Tim Miller 218-838-8772 [email protected]
Nate Grotzke, CCIM 218-838-1000 [email protected]
Chris Close, CCIM 218-831-7510 [email protected]
Rod Osterloh 218-831-1301 [email protected]
Kevin Close 218-831-3077 [email protected]
Jody Osterloh 218-831-0712 [email protected]
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