HWY 371 N, BAXTER, MN 56425

Transcription

1 DEVELOPMENT OPP. HWY 371 N, BAXTER, MN HWY 371 DELLWOOD DR NOVOTNY RD COMMERCIAL REAL ESTATE BUSINESS BROKERAGE LAND & BUILDING DEVELOPMENT INVESTMENT & INCOME PROPERTIES TAX DEFERRAL STRATEGIES

2 { Table of Contents } Page 2, 3 Features 4 Pricing Schedule 5 Legal Descriptions 6 Section Maps 7 Aerial Photo 8 Zoning Map 9, 10 Zoning Description 11 Traffic Counts 12 Location Map 13, 14 Demographics 15 Thank You 16 Agency Disclosure 17 Contact 1

3 { Features } Major Northbound Corner Site. Excellent development opportunity at a 3/4 intersection on Hwy 371! Now is the time to locate in this fast growing commercial neighborhood. Enjoy direct access to Hwy 371, road frontage on 4 of the 5 sides, superb visibility, and city utilities to the site! HWY 371 DELLWOOD DR (FORMERLY DANIELSON NOVOTNY RD Book World Lewie s RV Location: Hwy 371 N, Baxter, MN Directions: From the Baxter Hwy 210/371 intersection - North on Hwy 371 approx miles to Novotny Road - Right (east) on Novotny Road to the property immediately on the right (directly south of Lewie s RV) Total Lot Size: Access: Note: Approx Gross Acres (657,320.4 sq. ft.)* Less 2.45 Wetland/ROW Acres (106,722 sq. ft.)* Equals Net Acres (550,598.4 sq. ft.)* *Exact acreage calculation subject to survey See Pricing Schedule for a breakdown of individual tracts/sizes Hwy 371, Novotny Road & Dellwood Drive Total Price: $2,959,000 Estimated $4.62/sq. ft. Gross Estimated $5.37/sq. ft. Net Note: See Pricing Schedule for a breakdown of individual tracts/prices 2007 Taxes: $31, Total KRRC-Tanner: $22, KRRC-Thelen: $ Wicklund: $8, Johnson: $

4 { Features } Water: (Wicklund): (KRRC-Thelen): Sewer: (Wicklund): (KRRC-Thelen): House (KRRC-Thelen): House (Wicklund): Garage (Wicklund): City Water is available to the site but not yet connected 2 Sandpoint Wells (one for house and one for shop/building) 1 Sandpoint Well City Sewer is available to the site but not yet connected Septic Tank w/drainfield Septic Tank w/drainfield No specifics - Sold as is No specifics - Sold as is 1,680 sq. ft. (28 x 60 ) Has a partial basement, that is partially finished No specifics - Sold as is 576 sq. ft. (24 x 24 ) Building Size (Wicklund): 6,080 sq. ft. (40 x 152 ) See supplemental brochure for details Zoning: Wetlands: Service Road Easement: C2 - Regional Commercial District, except for KRRC-Thelen, which is located in Crow Wing County, but should be zoned C-2 when annexed into Baxter. KRRC-Tanner property has a wetland delineation map available - ask agent for wetland information There is a 50 wide Servie Road Easement along the west edge of the property, going the entire length of the property PID#: KRRC-Tanner: KRRC-Thelen: Wicklund: Johnson: AA BB C BC0009 Legal Descriptions: See page 5 for full legals on each tract 3

5 { Pricing Schedule } Est. Est. Est. Est. Est. Est. Gross Gross Wetland/ Net Net List Tract Acres SF Road Ac. Acres SF Price KRRC-Tanner: (1) , (3) 443,005.2 $1,595,000 KRRC-Thelen: (2) , ,670 $200,000 Wicklund: (2) , ,885.6 $949,000 Johnson: (2).6 26, ,037.6 $215,000 TOTALS: , ,598.4 $2,959,000 Note: For individual offerings on KRRC-Tanner and Wicklund, please see the supplemental brochures at the end of this packet, or ask agent for details. (1) Tanner-KRRC Surevey Available (2) Note: County Info, no surveys have been completed (3) If purchased separately, price is $1,795,000 4

6 { Legal Descriptions } KRRC-Tanner: Part of NE1/4 of SE1/4 Sec. 31 Desc. as follows comm. at the SE corner of said NESE, then N 01 Deg 14 Min 03 Sec E assm/bear FT alg the E line of said NESE to the point of beg. of the tract described, then S.55 Deg 45 Min 42 Sec W FT to the NE'ly ROW line for TRK HWY #371, then N 34 Deg 14 Min 18 Sec W FT alg said ROW line to the N line of said NESE, the N S. 88 Deg 56 Min 20 Sec E FT alg said N line to the NE corner of said NESE, then S 01 Deg 14 MinN 03 Sec W FT alg said E line of the NESE to the point of beg, subject to ROW for the Twp. road, with an ease of record. KRRC-Thelen: That part of the E1/2 of the NE1/4 desc as follows; beg at the E1/4 corner of said Sec31, then W assumed bearing, alg the S line of said E1/2 of NE1/ Ft, then N 15 Deg26 Min 00 Sec E Ft to the centerline of an existing public road, then S 74 Deg 34Min 00 Sec E alg the centerline of said public road Ft to the point of beg. Wicklund: Johnson: SE1/4 of NE1/4 lying E. of Hwy #371, ex. the fol desc. parts: 1. beg. at the E1/4 corner of said Sec. 31 & considering the E-W line of said Sec. 31 to be an E-W line, then N. 74Deg 34 Min. W Ft to a point on the centerline of the existing public road, then S. 15 Deg. 26 Min. W. to the E S. line of said E. 1/2 of the NE1/4, then E Ft alg said S. line to the E place of beg. said ex. part being subject to easements of record. 2. that part of the SE1/4 of the NE1/4 lying N. of said existing road 3. that part of the SENE which lies SW'ly of the ROW for trunk Hwy#3 71, more particularly described as follows:beg. at the SW corner of said SENE, then N. 1Deg 48 Min 06 Sec E, assm/bear, Ft alg the W. line of said SENE to the SW'ly ROW line for said Hwy #371,then S. 34 Deg 14 Min 56 Sec. E Ft alg said ROW line to the S. line of said SENE, then N. 88 Deg 56 Min 21 Sec W Ft S alg said S. line to the point of beg. That part of E. 1/2 of NE1/4 Sec. 31 described as follows; comm. at the E. 1/4 corner of Sec. 31, then W. assumed bearing, along the S. line of said E. 1/2NE1/ Ft to the point of beg, then N.15 Deg 26 Min 00 Sec E Ft to the centerline of an existing public road, then S. 74 Deg 34 Min 00 Sec E. along the centerline of said public road Ft,L then S. 15 Deg 26 Min 00Sec W Ft to the S. line of said E.1/2 NE1/4, then W'ly along said S. line of said E. 1/2 NE1/4 to the place of beg. subject to reservations, restrictions and easements of record. 5

7 { Section Map } N Wicklund Est Ac. Net Johnson Est..46 Ac. Net KRRC-Thelen Est Ac. Net All Tracts Combined Gross Acres Less 2.45 Wetland/ROW Acres Net Acres KRRC-Tanner Est Ac. Net Note: This is not a survey but a drawing from Crow Wing County. Information from this drawing may conflict with other data. Prospective purchasers should only rely on a survey by a registered land surveyor. 6

8 { Aerial Photo } HWY 371 LAND Prairie Bay Comfort Inn Arby s Midwest Bank Super America Harley Davidson Malibu Boats Denny Hecker s Power Lodge Just for Kix VonHanson s Rockwoods Famous Daves Westside Liquor The Lodge Baxter Village Holiday Inn Express Pearl Vision Gull Lake Brick Lewie s RV Book World Johnson Mini Storage Starbucks China Garden Slumberland Grizzly s Retail Center HWY 371 Country Suites WOIDA ROAD Holiday Gas Applebee s Culver s Wells Fargo Hecker s Bargain Connection Lot General Rental American National Bank NOVOTNY RD Menards HART N DELLWOOD DR GLAR Office Neighboring Businesses: Located just south of Lewie s RV, and just north of Denny Hecker s Bargain Connection Lot. Other neighboring businesses include Menards, Brainerd General Rental, HART, Applebee s, Culver s, China Garden, Grizzly s Retail Center, Slumberland, Arby s, Holiday Inn Express, Book World, The Lodge at Brainerd Lakes, Famous Dave s, Baxter Village, plus many others. 7

9 { Zoning Map } C2 - Regional Commercial District 8

10 { Zoning Description } C2 - Regional Commercial District 10-3G-1: PERMITTED USES: No structure or land shall be used except for one or more of the following uses: The following retail sales and service businesses supplying commodities or performing a service primarily for residents of the surrounding trade area: Bakery goods sales and baking of goods for retail sales on premises; bank; barbershop; beauty shop; book, office supply and stationery store; business office; candy, ice cream, popcorn, nuts, frozen dessert and soft drink shop; delicatessen and/or convenience store; drugstore; dry cleaning, and laundry pick up stations including incidental pressing, and repair; department store; florist; gift or novelty store; grocery, fruit or vegetable store; hardware, building supply store; hobby store; laundromat of the self-service type; meat market but not including processing for a locker; medical and dental clinic or offices; music store; newsstand; photographic studio; physical culture or dance studio; post office; record shop; restaurant; cafe, tearoom; shoe sales and repair; small appliance repair shop; sporting goods stores; wearing apparel store. Clinics for human care. Municipal buildings where the use conducted is customarily considered to be an office use. Offices of a general nature where the employment within the building does not exceed five hundred (500) persons and the operations do not include retail sales or warehousing from the site. Professional offices. (Ord. 8, ) 10-3G-2: CONDITIONAL USES: No structure or land shall be used for one or more of the following uses except by conditional use permit: Accessory structures or uses other than those listed as permitted. Armories, convention halls, sport areas and stadiums. Art studio, interior decorating studio, photographic studio, and music studio. Automobile and other vehicles of transportation sales when they are new products and when conducted entirely within a building; auto repair; boats and marine sales when conducted entirely within a building, building material yards; commercial greenhouse, diaper or hand laundry service; furniture sales; garden supply store; interior decorating studio; locksmith; motels and hotels, provided the site shall contain not less than six hundred (600) square feet of area per unit; newspaper and publishing office; office buildings; optical and jewelry manufacturing; pet shop provided the operation shall not include the commercial boarding of pets on the site; the maintaining of pens or cages outside the building, or the operating of, so as to cause an offensive odor or noise; photographic supplies and processing of film and prints; picture framing; printing shop, physical culture and health studio, radio and television repair; rugs and floor covering sales; seat cover, upholstery and drapery shop; wholesale office and showroom. Bowling alleys; billiard and pool rooms; drive-in theaters; skating rinks; dance halls; gymnasiums; YMCA; YWCA; nightclubs; fraternal organizations; bus terminals; business or trade school when conducted entirely within a building; drive-in business subject to the requirements of this title; electrical service, heating, plumbing, appliances, upholstery or air conditioning service shop. Conduct a fabrication, storage, packaging and/or wholesaling operation or providing a service including any of the following or similar uses meeting the performance standards applicable to the C2 district: Electronic components and products. Fishing tackle. Continued on next page. 9

11 { Zoning Description } Research laboratories as a part of another business and where such laboratories do not use more than twenty five percent (25%) of the area of the building area housing such business. Essential service structures, including, but not limited to, buildings such as telephone exchange stations, booster or pressure stations, elevated tanks, lift stations, and electric power substations. Funeral homes and mortuaries. Historical buildings, museums, art institutes, galleries, and theaters for the performing arts. Motor fuel stations developed as an integral part of, and in conjunction with, a permitted use or uses which total development shall have a minimum site area of not less than three (3) acres and subject to the requirements of this title. Multibusiness pylon signs. Nonprofit clubs and lodges provided they are not less than seventy five feet (75') from an R district. Off-sale liquor store. Pawnshops, secondhand stores and antique shops. Planned unit development (PUD) with a minimum size of ten (10) acres 1. Radio and television and telephone towers. Radio and television studios. Stone and monument sales. Tattoo parlors and body piercing shops. Theaters. Truck and freight terminals with not to exceed ten (10) truck dock stalls. Used vehicle sales. Warehousing and wholesaling. (Ord , ; amd. Ord , ; Ord , ) 10-3G-2-1: INTERIM USES: As determined by the planning and zoning commission. (Ord , ) 10-3G-3: ACCESSORY USES: No accessory structure or use of land shall be permitted except for one or more of the following uses: Any incidental repair, processing or storage necessary to conduct a permitted principal use shall not occupy more than thirty percent (30%) of the gross floor area of the principal building. Buildings temporarily located for purposes of construction on the premises for a period not to exceed time necessary to complete said construction. Decorative landscape features. Open sales lots for the seasonal sale of Christmas trees and nursery stock. Private garages, off street parking and loading spaces as regulated in this title. Public telephone booths, provided all yard requirements for accessory uses are met. Signs as regulated by section of this title. (Ord. 8, ; amd. Ord. 8.38, ) 10-3I-5: LOT AREA, HEIGHT, LOT WIDTH, AND YARD REQUIREMENTS: Please ask agent for a copy of further zoning requirements or log on to 10

12 { Traffic Counts } 2006 Counts from MNDOT Baxter Traffic Counts: 23,000 on Hwy

13 { Location Map } North South 12

14 { Demographics } Figures from STDB, CCIM Trade Area (Includes the following counties): Crow Wing County 60,335 Cass County 28,775 Total Trade Area Population 89, Population Estimate: Baxter 6,810 Brainerd 13,684 Crow Wing County 60,335 Estimated Summer Population: Brainerd/Baxter 200,000+ Projected Population Growth Change : Crow Wing County 8.2% Baxter 15.9% Household in 2005: Crow Wing County 26,399 Baxter 2,539 Estimate of 2005 Median Household Income: Crow Wing County $41,468 Baxter $54,240 Crow Wing County Retail Sales in 1997: $708,278,000 Major Employers (with 150 or more employees): # of Employees St. Joseph s Medical Center Brainerd 900+ Brainerd Public Schools Brainerd 900 Brainerd Regional Human Service Ctr Brainerd 657 Maddens, Inc. Brainerd 425 Crow Wing County Brainerd 400 BISYS Brainerd 400 Cuyuna Regional Medical Center Crosby 390 Wal-Mart Baxter 350 Mill Fleet Farm Brainerd 342 Clow Stamping Merrifield 300 Bethany Good Samaritan Village Brainerd 300 Breezy Point Resort Breezy Point 300 Crosby Public Schools Crosby 255 Ruttger s Bay Lake Lodge Deerwood 250 Grand View Lodge Nisswa 250 Brainerd Medical Center Brainerd 240 U.S. Link Pequot Lakes 231 Central Lakes Community College Brainerd 225 Trus Joist Mac Millan Deerwood 220 Pequot Lakes Public Schools Pequot Lakes 200 Continued on next page. 13

15 { Demographics } Major Employers Continued: Area Businesses: # of Employees Riverwood International USA Crosby 190 MN Dept of Transportation Baxter 190 North Star Plating Brainerd 158 A-Tek, Inc. Brainerd 156 Nor-son, Inc. Baxter 150 Target Baxter 150 Financial Institutions: Major Retailers: 1st Federal Savings Bank Ashley Home Furniture Affinity Plus Credit Union Best Buy American National Bank Cub Foods (2) Brainerd BN Credit Union Fifth Ave. Furniture Brainerd Savings & Loan Fleet Farm Bremer Bank Gander Mountain Deerwood Bank Herberger s Lakewood Bank Home Depot Mid-Minnesota Federal Credit Union JC Penney s Midwest Bank Kohl s Northern National Bank Menards People s National Bank Office Max US Bank Super One Wells Fargo Bank of Minnesota Super Wal-Mart Target Restaurants: Fast Food: 371 Diner Arby s Applebee s Burger King Black Bear Lodge & Saloon Caribou Coffee (2) Bonanza Cold Stone Creamery Buffalo Creek Culver s Buffalo Wild Wings Dairy Queen (2) China Buffet Domino s Pizza China Garden Hardees Country Kitchen KFC (2) Famous Dave s McDonalds (3) Giovanni s Pizza Papa John s Pizza Grizzly s Grill & Saloon Papa Murphy s Pizza Iven s on the Bay Quizno s Jack s House Starbucks Perkins Subway (3) Pizza Hut Taco Bell Poncho and Lefty s Taco John s Prairie Bay Wendy s Rafferty s Pizza Rockwoods 14

16 { 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 representatives, we know the seller 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. 15

17 { Agency Disclosure } 16

18 { Contact } Address: 521 Charles Street PO Box 327 Brainerd, MN Telephone: Fax: Website: You may also contact the following members of the Close~Converse team by cell phone or . Kevin Close Rod Osterloh Chris Close, CCIM Jody Osterloh Nate Grotzke Brent Nelson cell kevin@closeconverse.com cell osterloh@closeconverse.com cell chris@closeconverse.com cell jody@closeconverse.com cell nate@closeconverse.com cell brent@closeconverse.com 17