HWY 371 BYPASS IN BRAINERD, MN 56425

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1 DEVELOPMENT LAND HWY 371 BYPASS IN BRAINERD, MN COMMERCIAL REAL ESTATE BUSINESS BROKERAGE LAND & BUILDING DEVELOPMENT INVESTMENT & INCOME PROPERTIES TAX DEFERRAL STRATEGIES

2 { Table of Contents } Page 3, 4 Features 5, 6 Aerials 7 Plat 8 Zoning Map 9, 10 Zoning Description 11 Traffic Counts 12 Location Map 13, 14 Demographics 15 Thank You 16 Agency Disclosure 17 Contact 2

3 { Features } Residential Development Opportunity. Excellent multi-family development opportunity at the SW corner of the Hwy 371 Bypass in Brainerd/Baxter. Located in a growing neighborhood just west of Hwy 371, minutes from abundant shopping, dining, entertainment, schools & churches. This wooded 8 acre tract is ideal for single family dwellings or for a 2-4 unit residential development. Location: SW of the Hwy 371 Bypass Loops in Brainerd, MN Directions: From the Baxter Hwy 210/371 intersection - South on Hwy 371 towards the Hwy 371 Bypass Loops - Take the Bypass Exit Ramp (Property is straight ahead at the end of the exit ramp) - Right (west) on Arielle Drive (Property is on the south along Arielle Drive) - Left (south) on Sweet Road (Property is all along the left (north) side of Sweet Road) Lot Size: Lot Dimensions: Frontage: 8.84 Acres (385,070.4 sq. ft.) Irregular - See Plat 722 along Hwy 371, 1,121 along Arielle Dr & 892 along Sweet Rd Price: $79, Taxes: $582 Water & Sewer: Well & Septic will need to be installed Continued on next page. 3

4 { Features } Utilities Available: Topography: Access: Electric & Phone Level & Wooded Arielle Drive, Sweet Road or Erin Road Zoning: RR - Rural Residential 2.5 PID#: & Legal Description: Lots 1 & 2, Block 2, 1st Addition to Wood N Acres 4

5 { Aerial } N RED SAND LAKE WHITE SAND LAKE PERCH LAKE Costco Wal-Mart Forestview Middle School MISSISSIPPI RIVER Residential Development Land ARIELLE DR HWY 371 North Central Speedway BUSINESS HWY 371 Wild Rice Depot ERIN RD SWEET RD HWY 371 Granite City Moving & Storage 5

6 { Aerial } Bypass Development Site 6

7 { Plat } 1st Addition to Woods-n-Acres 7

8 { Zoning Map } Crow Wing County Rural Residential 2.5 8

9 { Zoning Description } ARTICLE 14 RR 5 & RR 2.5 ACRE RURAL RESIDENTIAL DISTRICT STANDARDS 14.1 PURPOSE The purpose of the Rural Residential Districts is to establish a district that meets the expressed needs of townships to offer a rural residential development that allows various estate-sized lots. The Rural Residential District is created to implement the following policy and strategy of the Crow Wing County Comprehensive Plan: A. Housing and Residential Development Policy, Strategy 2. Update the existing residential ordinances and subdivision regulations to reflect current growth conditions and development trends and landowner s needs RR 5 ACRE AND RR 2.5 ACRE DEFINED This Ordinance establishes two Rural Residential zoning districts in Crow Wing County, RR 5 Acre and RR 2.5 Acre. RR 5 Acre Rural Residential Districts allow a minimum lot size of five acres, and RR 2.5 Acre Rural Residential Districts allow a minimum lot size of two and one-half acres PERMITTED, CONDITIONAL AND ACCESSORY USES The land use classification list in Article 10.8 lists permitted, conditional and accessory uses allowed in Rural Residential Districts. Any use that is not listed as permitted, conditional or accessory for this district or is not determined by the Planning Commission to be a use similar to an allowed use in this district shall be prohibited ADDITIONAL REQUIREMENTS Uses and structures in this District shall comply with all applicable provisions of this Zoning Ordinance, and provisions of the Crow Wing County Subdivision Ordinance and the Crow Wing County Mississippi Headwaters Ordinance. In the case that more than one provision applies, the most restrictive provisions shall apply DENSITY AND DIMENSIONAL STANDARDS All structures and uses in the Rural Residential District shall meet the following density and dimensional requirements: A. Minimum lot area: i. RR 5 ACRE: The minimum lot area in a RR 5 Acre Rural Residential District shall be five (5) acres ii. RR 2.5 ACRE: The minimum lot area in a RR 2.5 Acre Rural Residential District shall be two and one-half (2.5) acres B. Minimum lot width: i. RR 5 ACRE: The minimum lot width in a RR 5 Acre Rural Residential District shall be three hundred (300) feet ii. RR 2.5 ACRE: The minimum lot width in a RR 2.5 Acre Rural Residential District shall be one hundred sixty-five (165) feet C. Lot line setbacks: i. Dwellings: a. Side yard setbacks: Ten (10) feet b. Front and rear yard: Thirty-five (35) feet ii. Accessory buildings: Ten (10) feet Continued on next page. 9

10 { Zoning Description } D. Road ROW Setbacks: Structures shall be set back from road rights-of-way lines a minimum of thirty-five (35) feet. i. Lot fronting on two roads. Where a lot is located at the intersection of two or more roads or highways, there shall be a front yard setback on each road or highway side of each corner lot. E. Accessory buildings. No accessory building shall project beyond the front yard of either road. F. Maximum impervious surface coverage: The maximum impervious surface coverage for any lot shall be fifteen (15) percent. G. Minimum setbacks from shoreline. Structures and on-site sewage treatment systems shall meet the setback standards in Article 11.7 of this Ordinance. H. Minimum setback from wetlands: Structures shall be setback sixteen and one-half (16 ½) feet from the edge of a wetland. The use of WCA exemption to meet this setback requirement is prohibited. I. Building Height. All structures in residential districts, except churches and nonresidential agricultural structures must not exceed thirty-five (35) feet in height. J. Building Overhang. All setbacks shall be measured to the vertical side of the structure. No part of the structure, such as eaves, can overhang or reduce such setback by more than three (3) feet CLUSTER SUBDIVISIONS Cluster subdivisions are allowed in the Rural Residential Districts. If a landowner chooses to develop a cluster subdivision in a Rural Residential District, all of the following provisions shall be met. A. Application and review. Cluster subdivisions shall follow the same application and review procedures as a major subdivision as provided in the Crow Wing County Subdivision Ordinance. B. Shoreland areas. Cluster subdivisions are prohibited in shoreland areas. (Planned Unit Developments meeting the provisions of Article 33 may be allowed in shoreland areas.) C. Density and dimensional standards. i. Density bonus. A density bonus may be provided over the base density allowed in noncluster development for cluster developments (1 dwelling per 5 acres in RR 5 Acre District and 1 dwelling per 2.5 acres in RR 2.5 Acre District) according to the following: a. Open space. A twenty-five (25) percent density bonus if at least fifty (50) percent of the lot area is reserved as open space. Open space ownership and maintenance provisions shall be established prior to approval of any cluster subdivision. Open space may be designated for agricultural or forestry operations, or as common open space for the benefit of the subdivision, or as public open space. b. Shared septic and wells. A five (5) percent density bonus if shared sewage treatment systems, meeting the standards of the State and County, are installed. ii. Other dimensional standards. Setbacks shall be as specified in Article 14.5, above, except that interior lot line setbacks may be reduced. D. Design standards. The following standards shall be met for minor cluster developments: i. Separation requirement. Cluster subdivisions shall be separated by a minimum of twelve hundred (1,200) feet of open space. ii. Roads. Lots shall not be lined up abutting a county or township road. Shared driveways shall be required. Any cluster subdivision with a total of four lots or more must include an interior or frontage road from which all lots take access. iii. Buffers. A buffer strip of at least one hundred (100) feet shall separate every residential lot from land used for agriculture or forestry. 10

11 { Traffic Counts } 2013 Counts from MNDOT Crow Wing County Traffic Counts: 10,500-11,600 on Hwy

12 { Location Map } North South 12

13 { Demographics } Trade Area 2013 Population (Includes the following counties): Crow Wing County 64,181 Cass County 29,349 Total Trade Area Population 93, Population: Baxter 8,041 Brainerd 30,309 Estimated Summer Population: Brainerd/Baxter 200,000+ Projected Population Growth Change : Crow Wing County 0.59% Baxter 0.78% Households in 2013: Crow Wing County 26,802 Baxter 3, Median Household Income: Crow Wing County $43,810 Baxter $57,514 Crow Wing County Retail Sales in 2004: $1,563,020,000 Major Employers (with 150 or more employees): # of Employees Brainerd Public Schools #181 Brainerd 950 St. Joseph s Medical Center Brainerd 908 Brainerd Regional Human Service Ctr Brainerd 677 Grand View Lodge Nisswa 600 Maddens, Inc. Brainerd 500 Crow Wing County Brainerd 450 Ascensus Brainerd 404 Cuyuna Regional Medical Center Crosby 390 Cragun s Resort Brainerd 350 Bethany Good Samaritan Village Brainerd 325 Central Lakes Community College Brainerd 313 Super Wal-Mart Baxter 300 Brainerd Medical Center Brainerd 285 Crosby Public Schools-ISD Crosby 255 Ruttger s Bay Lake Lodge Deerwood 250 U.S. Link Pequot Lakes 246 Trus Joist Mac Millan Brainerd 220 Breezy Point Resort Breezy Point 205 Pequot Lakes Public Schools Pequot Lakes 200 Riverwood International USA Crosby 190 Nor-son, Inc. Baxter 177 MN Dept of Transportation Baxter 175 Anderson Brothers Construction Brainerd 160 Keystone Automotive Industries Brainerd 157 Woodland Good Samaritan Village Brainerd 150 Good Neighbor Home Health Care Brainerd 150 Continued on next page. 13

14 { Demographics } Area Businesses: (To see a list of additional businesses, please go to Financial Institutions: 15+ (multiple locations not counted) Churches: 30+ Schools: 15+ Golf Courses: 27+ Resorts: Bay Colony Inn Breezy Point Resort Craguns Fritz s Resort Grand View Lodge Gull Lake Resort Izaty s Kavanaugh s Lost Lake Lodge Maddens Quarterdeck Ruttger s Bay Lake Lodge Sullivans Plus numerous others Major Retailers: Anytime Fitness Baxter Village (6 Retailers) Best Buy Big Lots Book World Brother s Motorsports Christmas Point Costco Crosslake Town Square (12 Retailers) Cub Foods (2) Discount Tire Dunham Sports East Brainerd Mall (17 Retailers) Fleet Farm Gander Mountain Herberger s Home Depot JC Penney s Kohl s Major Retailers Continued: Menards Northwoods Plaza (6 Retailers) Office Max Sears Super One Super Wal-Mart Target The Power Lodge Walgreens Westgate Mall (27 Retailers) Restaurants/Fast Food: 371 Diner Antler s Applebee s Arby s Bar Harbor Billy s Black Bear Lodge & Saloon Bonanza Boomer Pizza Brick House Pizza Breezy Point Marina Buffalo Wild Wings Burger King Caribou Coffee (2) Cherry Berry China Buffet China Garden Cold Stone Creamery Country Kitchen Cowboy s Cragun s Legacy Grill Cru Culver s Dairy Queen (3) Daylight Donuts Domino s Pizza El Tequila Erbert & Gerberts Ernie s Famous Dave s Giovanni s Pizza Grizzly s Grill & Saloon Restaurants/Fast Food Continued Half Moon Saloon Hardee s Hunt N Shack Iven s on the Bay Jack s House Jakes s Jimmy John s KFC (2) Madden s Classic Grill Manhattan Beach Maucieri s McDonalds (3) Moonlite Bay Northwinds Grille Olive Garden Papa John s Pizza Papa Murphy s Pizza Perkins Pestello s Pine Peaks Pizza Hut Pizza Ranch Poncho & Lefty s Prairie Bay Prime Time Quarterdeck Rafferty s Pizza (3) Riverside Inn Ruttger s Sawmill Inn Sherwood Forest Starbucks Subway (3) Sunshine/Moonshine Taco Bell Taco John s The Barn The Chap The Commander The Lodge Grill The Pines at Grandview Timberjack TJ s Log Cabin Wendy s (2) Ye Ole Wharf Zorbaz (2) 14

15 { 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

16 { Agency Disclosure } 16

17 { 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 . Nate Grotzke, CCIM Tim Miller Kevin Close Chris Close, CCIM Jody Osterloh Rod Osterloh cell nate@closeconverse.com cell tim@closeconverse.com cell kevin@closeconverse.com cell chris@closeconverse.com cell jody@closeconverse.com cell osterloh@closeconverse.com 17