GLORY ROAD, BAXTER, MN 56425

Transcription

1 RESIDENTIAL & COMMERCIAL LAND GLORY ROAD, BAXTER, 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 9-13 Zoning Description 14 Traffic Counts 15 Location Map 16, 17 Demographics 18 Thank You 19 Agency Disclosure 20 Contact 2

3 { Features } Residential & Commercial Development Sites. Prime opportunity to purchase both residential and commercial development sites along Glory Road in Baxter. These sites are located right in the crux of a growing commercial neighborhood, yet are also just on the edge of residential developments including condos, plus single and multi-family housing. The residential site is platted for condos - just waiting for a developer and the commercial site is close to numerous big-box retailers, medical services and more. Location: Glory Road, Baxter, MN Directions: From the Baxter Hwy 210/371 intersection - South on Hwy 371 to next stoplight - West on Glory Road - Property is located on the north just after Isle Drive (to the west of Riverstone Professional Centre) Lot Size: Note: Lot Dimensions: Frontage: 4.81 Acres (209,523.6 sq. ft.) 3.4 Acres is Zoned Commercial and 1.41 is Zoned Residential x x x x x x x x x x along Glory Road PRICE REDUCED: $495,000 $389, Taxes: $3,498 Continued on next page. 3

4 { Features } Water & Sewer: Utilities Available: Zoning: City Natural Gas, Electric, Internet, Phone & Cable R2 - Medium Density Residential & OS - Office-Service Legal Description: A009:Lot 1 Block 1, 1st Addition to Wildflower, Subject to Easements of Record, Except that part of Lot 1 Block 1 lying S & W of the following described line; beg at the NW corner of Said Lot 1 Block 1, then N 73 Deg 21 Min 22 Sec E ft along the N line of said Lot 1 Block 1 to the point on the N line of said Lot 1 Block 1 common to the Outlots A & B, First Addition Wildflower, then S 32 Deg 39 Min 34 Se E ft along the W line of said Outlot B, then N 63 Deg 05 Min 34 Sec E, continuing along the S line of said Oulot B 7.34 ft, then S 25 Deg 10 Min 43 Sec E ft more of less, to the N line of Glory Road and there terminating : Lot 1 Block 1, Woodridge Townhomes 2nd Addition : Lot 2 Block 1, Woodridge Townhomes 2nd Addition : Lot 3 Block 1, Woodridge Townhomes 2nd Addition : Lot 4 Block 1, Woodridge Townhomes 2nd Addition : Lot 5 Block 1, Woodridge Townhomes 2nd Addition : Lot 6 Block 1, Woodridge Townhomes 2nd Addition : Lot 7 Block 1, Woodridge Townhomes 2nd Addition Neighboring Businesses: Nearby businesses include Riverstone Professional Centre, Winegar Dental, Discount Tire, Super Wal-Mart, McDonalds, Mid-Mn Federal Credit Union, Crosby Regional Medical Center, Surgery Center, Minneapolis Heart Institute, Essentia Baxter Clinic, Nystrom & Associates, McDermott Orthodontics, Olive Garden, Costco, Dick s Sporting Goods, Ulta Beauty, TJ Maxx, PetSmart, Northwoods Plaza, Home Depot, Sazama Chiropractic, E&I Global Energy, Winkleman Productions, Northwoods Turf & Power, Action Graphics, Baymont Inn & Suites plus many others. 4

5 { Aerial } N Baxter Essentia Clinic Nystrom & Assoc. Surgery Center HWY 210 Northwoods Turf & Power Residential & Commercial Mid-MN FCU Mpls Heart Cuyuna Regional Medical Center McDermott Orthodontics Winegar Dental Riverstone Ctr ISLE DRIVE HWY 371 Dondelinger s Holiday Inn Express Baxter Village Menards Grizzly s Mills Ford Pizza Ranch Aldi Target Best Buy KFC Office Max Gander Mountain Radco Taco Bell Mills GM Cub Foods Fleet Farm Baymont Inn Kohl s Home Depot Northwoods Plaza Discount Tire Super Wal-Mart McDonald's Costco Dick s PetSmart TJ Maxx Ulta GLORY ROAD DN Nails Jiffy Lube Baxter Dental Olive Garden Lastovich Law WSN Dept. of Transportation Abbra 5

6 { Aerial } Commercial Site Residential Site 6

7 { Plat } First Addition To Wildflower Woodridge Townhomes Second Addition 7

8 { Zoning Map } City of Baxter R2 - Medium Density Residential & OS - Office Service 8

9 { Zoning Description } ARTICLE C. R-2 MEDIUM DENSITY RESIDENTIAL DISTRICT 10-3D-1: PERMITTED USES: Civic buildings such as city halls, fire stations and similar uses (without outside storage). Essential services. One-family detached dwelling. Two-family dwelling. Up to four-family dwelling or townhouses. (Ord , ) 10-3D-2: ACCESSORY USES: Accessory uses incidental and customary to principal uses allowed in section 10-3D-1 of this article. Accessory structures as regulated by section , "Accessory Structures", of this title. Daycare facility accessory to a one-family detached dwelling as defined by statute and licensed by the state. Domestic animal keeping for noncommercial purposes in compliance with section , "Animals", of this title. Home occupations pursuant to title 3, chapter 9 of this code. Off street parking, loading and service entrances as regulated in sections , "Off Street Parking", and , "Loading Spaces", of this title. Residential care facility accessory to a one-family detached dwelling, serving six (6) or fewer individuals as defined by statute and licensed by the state. Signs as regulated by section , "Signs", of this title. Wireless communication towers as accessory to a permitted principal use subject to title 9, chapter 4 and section of this code. (Ord , ) 10-3D-3: CONDITIONAL USES: Apartment accessory to a one-family detached dwelling. A. The one-family detached dwelling is owner occupied. B. The accessory apartment is in the principal building. C. The apartment accessory use shall be clearly incidental and subordinate. D. There shall be no separate ownership of the apartment accessory use. E. Only one such apartment shall be permitted in a one-family dwelling. Essential service structures. A. No building shall be located within fifty feet (50') of any lot line of an abutting lot in any R district. Manufactured home parks pursuant to section , "Manufactured Homes And Recreational Camping Vehicles", of this title. A. The use on land that is at least ten (10) acres, excluding roads. Religious institutions. A. No building shall be located within fifty feet (50') of any lot line. Relocation of a previously occupied house within the city pursuant to subsection D7, "Moving Or Relocating Buildings", of this title and complies with conditions in the "Baxter House Moving Policy Manual" as may be amended. Rest homes or nursing homes. A. When directly abutting an R-1 or R-2 district, the building setbacks from those property lines shall be an additional ten feet (10') for every story or fifteen feet (15') in building height. B. All parking (driveways, aisles, etc.) shall be at least twenty feet (20') set back from those property lines. C. An off street rider drop off and pick up drive is required. School. A. Provided no building shall be located within fifty feet (50') of any lot line. B. The site shall be served by a minor arterial or higher classification of roadway. Continued on next page. 9

10 { Zoning Description } C. A master plan shall be submitted that describes proposed physical development for the next five (5) years and for the following five (5) years. Said plan shall include a description of proposed development phases and plans, development priorities, the probable sequence of proposed development, estimated dates of construction and the anticipated interim use of property waiting to be developed. D. A transportation management plan shall be submitted to address off street parking, bus loading and unloading, traffic control, and the impact of the facility on surrounding roadways. Seasonal recreational camping vehicle park (SRCVP) pursuant to title 3, chapter 19 of this code. A. The site is a minimum of twenty five (25) acres and is directly served by a collector street or greater road. B. The development will have at least fifty percent (50%) open space. C. The facility is under the management of an existing lodging facility located less than one-fourth (1/4) mile away or has on site management acceptable to the city or provides an alternative management system approved by the city. D. The site is served by city sewer and water. E. Licensing requirements of title 3, chapter 19 of this code are met. F. Any required state licenses are obtained and kept current. G. The development complies with the "Baxter Seasonal Recreational Camping Vehicle Park Policy Manual" and employs low impact development design as determined by the city. (Ord , ; amd. Ord , ) 10-3D-4: INTERIM USES: Buildings temporarily located for purposes of construction on the premises for a period not to exceed time necessary to complete said construction. A. All building and safety codes are met. (Ord , ) 10-3D-5: LOT AREA, HEIGHT, LOT WIDTH AND YARD REQUIREMENTS: A. Area Requirements: The following requirements shall be met in the R-2 district. New development shall only be allowed when a full range of municipal services and facilities are available to serve the site. Properties may be subject to special requirements as noted in article L, "SL Shore Land Overlay District", of this chapter. With Public Sewer And Water Minimum lot size 25,000 square feet Minimum lot width 100 feet interior; 120 feet corner Minimum principal structure setbacks: Front yard 40 feet Side yard 10 feet interior; 40 feet abutting corner Rear yard 30 feet Minimum accessory structure setbacks: Front yard 40 feet Side yard 10 feet interior; 40 feet abutting corner Rear yard 10 feet Maximum lot coverage 50 percent Maximum building height 35 feet (Ord , ) 10

11 { Zoning Description } OS - Office Service 10-3H-1: PERMITTED USES: Offices and complementary service uses of a general nature conducted in a building no greater than one hundred twenty five thousand (125,000) gross square feet, except as may be approved by the city council by conditional use permit: Banks, savings and loans, credit unions and the like (without drive-through). Barbershops, beauty shops; other personal service uses. Bus/transit stations or terminals without vehicle storage. Civic buildings such as city halls, fire stations and the like (without outside storage). Clinics including multispecialty outpatient clinic. Commercial recreation, indoor (e.g., bowling alleys, roller rinks and the like). Convenience stores (without motor fuel stations). Essential services. Laboratories and research facilities. Manufacturing or assembly of products that produces no exterior noise, glare, fumes, byproducts or wastes or creates other objectionable impact on the environment. Offices, professional and medical. Public and private clubs and lodges. Radio and television stations or studios. Religious institutions (limited to worship and directly related social events). Residential care facilities such as nursing homes, assisted living facilities including community behavioral health hospital and similar facilities (excludes hospitals or similar institutions). Studios; art related. Warehousing, wholesale offices and showrooms, excluding explosives and hazardous waste. (Ord , ) 10-3H-2: ACCESSORY USES: Accessory uses incidental and customary to uses allowed in section 10-3H-1 of this article, including retail, shall not occupy more than thirty percent (30%) of the gross floor area of the principal building. Accessory structures as regulated by section , "Accessory Structures", of this title. Off street parking, loading and service entrances as regulated in sections , "Off Street Parking", and , "Loading Spaces", of this title. Signs as regulated by section , "Signs", of this title. Warehousing as accessory to the permitted principal use. Wireless communication towers as accessory to a permitted principal use subject to title 9, chapter 4 and section of this code. (Ord , ) 10-3H-3: CONDITIONAL USES: The following are conditional uses, subject to the conditions outlined in section of this title and the specific standards and criteria that may be cited for a specific use: Daycare facility provided: A. Unless exempted by the zoning administrator, where an outdoor play area of a daycare facility abuts any commercial or industrial use or zone, or public right of way, the daycare facility shall provide screening along the shared boundary of such uses, zones or public rights of way. All of the required fencing and screening shall comply with section , "Screening/Landscaping/Fencing", of this title. B. There shall be adequate off street parking which shall be located separately from any outdoor play area. Parking areas shall be screened from view of surrounding and adjoining residential uses in compliance with section , "Off Street Parking", of this title. Continued on next page. 11

12 { Zoning Description } C. When a daycare facility is an accessory use within a structure containing another principal use, parking for each use shall be calculated separately for determining the total off street parking spaces required. An exception to this requirement may be granted by the zoning administrator in instances where no increase in off street parking demand will result. D. Off street loading space in compliance with section , "Loading Spaces", of this title. E. All signing and informational or visual communication devices shall be in compliance with section , "Signs", of this title. F. The structure and operation shall be in compliance with state of Minnesota department of human services regulations and shall be licensed accordingly. Drive-through business subject to section , "Drive-Through Businesses", of this title provided: A. Adequate stacking distance shall be provided, as determined by the city engineer, which does not interfere with other driving areas, parking spaces, or sidewalks. B. Electronic speaker devices, if used, shall not be audible beyond the property being served and shall not be operated between the hours of ten o'clock (10:00) P.M. and seven o'clock (7:00) A.M., unless extended by the city council as part of the conditional use permit. C. Screening shall be provided of automobile headlights in the drive-through lane to adjacent properties subject to section , "Screening/Landscaping/Fencing", of this title. Such screening shall be at least three feet (3') in height and fully opaque, consisting of a wall, fence, dense vegetation, berm, or grade change. D. A bypass lane shall be provided for each drive-through use, allowing cars to leave the drive-through lane from the stacking area. Funeral homes and mortuaries. Hospitals, provided that: A. The site and related parking and service entrances are served by an arterial or collector street of sufficient capacity to accommodate the traffic which will be generated. B. An off street rider drop off and pick up drive and entrance is provided. C. Adequate off street parking is provided in compliance with section , "Off Street Parking", of this title to include additional spots calculated for outpatient services. D. Adequate off street loading is provided in compliance with section , "Loading Spaces", of this title. E. Vehicular entrances to parking or service areas shall create a minimum of conflict with through traffic movement. F. When abutting an R-1 or R-2 district, a buffer area with screening and landscaping in compliance with section , "Screening/Landscaping/Fencing", of this title shall be provided. G. When abutting an R-1 or R-2 district, side yards are double the minimum requirement established for this district and are screened in compliance with section , "Off Street Parking", of this title. H. If across the street from an R-1 or R-2 district, the front yard setback depth shall be a minimum of forty five feet (45'). I. All signing and information or visual communication devices shall be in compliance with section , "Signs", of this title and shall not impact surrounding or abutting residential uses. Multi-business signs, as regulated in section , "Signs", of this title. School. A. The use when conducted entirely within a building. B. The site shall be served by a minor arterial or higher classification of roadway. C. A master plan shall be submitted that describes proposed physical development for the next five (5) years and for the following five (5) years. Said plan shall include a description of proposed development phases and plans, development priorities, the probable sequence of proposed development, estimated dates of construction and the anticipated interim use of property waiting to be developed. D. A transportation management plan shall be submitted to address off street parking, bus loading and unloading, traffic control, and the impact of the facility on surrounding roadways. Veterinary; related indoor kennels provided: A. All pens or cages must be completely enclosed within a building with the exception of incidental run areas that shall be limited to ten percent (10%) of the gross floor area of its associated principal use, to a maximum of five thousand (5,000) square feet. B. All indoor activity shall include soundproofing and odor control. Continued on next page. 12

13 { Zoning Description } C. When abutting a residential use or district, the property shall be screened and landscaped in accordance with section , "Screening/Landscaping/Fencing", of this title. Wireless communication towers as accessory to a permitted principal use subject to title 9, chapter 4 of this code. (Ord , ; amd. Ord , ) 10-3H-4: INTERIM USES: The following are interim uses, subject to the conditions outlined in chapter 7 of this title, interim uses and the specific standards and criteria that may be cited for a specific use: Buildings temporarily located for purposes of construction on the premises for a period not to exceed time necessary to complete said construction. A. All building and safety codes are met. (Ord , ) 10-3H-5: LOT AREA, HEIGHT, LOT WIDTH AND YARD REQUIREMENTS: A. Area Requirements: The following requirements shall be met in the OS district. New development shall only be allowed when a full range of municipal services and facilities are available to serve the site. Properties may be subject to special requirements as noted in article L, "SL Shore Land Overlay District", of this chapter. With Public Sewer And Water Minimum lot size 20,000 square feet Minimum lot width 100 feet interior; 120 feet corner Minimum principal structure setbacks: Front yard 35 feet Side yard 10 feet interior; 35 feet abutting corner Rear yard 30 feet Minimum accessory structure setbacks: Front yard 35 feet Side yard 10 feet interior; 35 feet abutting corner Rear yard 10 feet Maximum lot coverage 50 percent Maximum building height 45 feet Maximum impervious surface (other than shore land overlay district) 88 percent Maximum impervious surface (shore land overlay district) 25 percent (Ord , ) B. Fence, Screen Required: Wherever a business district abuts or is across the street from an R district, a fence or compact evergreen screen is required pursuant to section , "Screening/Landscaping/Fencing", of this title. (Ord , ) 13

14 { Traffic Counts } 2015 Counts from MNDOT Baxter Traffic Counts: 12,000-21,100 on Hwy 371 and 16,900 on Hwy

15 { Location Map } North South 15

16 { Demographics } Trade Area 2016 Population (Includes the following counties): Crow Wing County 65,395 Cass County 29,482 Total Trade Area Population 94, Population: Baxter 8,114 Brainerd 30,596 Estimated Summer Population: Brainerd/Baxter 200,000+ Projected Population Growth Change : Crow Wing County 0.60% Baxter 0.89% Households in 2016: Crow Wing County 27,185 Baxter 3, Median Household Income: Crow Wing County $50,396 Baxter $60,617 Crow Wing County Retail Sales in 2012: $1,124,967, Crow Wing County Major Employers: Industry # of Employees Essentia Health - Central Region Healthcare 1,460 Cuyuna Regional Medical Center Healthcare 947 Brainerd School District Education 893 Grand View Lodge Tourism 720 Madden s Resort Tourism 550 Ascensus Technology 500 Breezy Point Resort Tourism 500 Clow Stamping Manufacturing 440 Crow Wing County Government 415 Cragun s Resort Tourism 380 Central Lakes College Education 325 Walmart Retail 320 Cub Foods/Super Valu (3 Stores) Retail 320 Ruttgers Bay Lake Resort Tourism 300 Anderson Brothers Construction Construction 260 Pequot Lakes School District Education 240 Crosby Ironton School District Education 240 Mills Automotive Retail 220 Bang Printing Manufacturing 218 City of Brainerd Government 208 Bethany Good Samaritan Healthcare 175 Costco Retail 175 Woodland Good Samaritan Healthcare 175 Landys+Gyr Inc. Energy 140 Nortech Systems Manufacturing 97 Continued on next page. 16

17 { 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: Aldi Anytime Fitness Auto Zone Best Buy Big Lots Book World Brother s Motorsports Cashwise Liquor (2) Christmas Point Costco Cub Foods (2) Discount Tire Dunham s Sports East Brainerd Mall (17 Retailers) Fleet Farm Gander Mountain Herberger s Home Depot JC Penney s Jiffy Lube Kohl s Major Retailers Continued: Menards Office Max Sears Super One Super Wal-Mart Target The Power Lodge Walgreens Westgate Mall (27 Retailers) Westside Liquor Restaurants/Fast Food: 218 Local 371 Diner 612 Station Antler s Applebee s Arby s Bar Harbor Baxter s Billy s Black Bear Lodge & Saloon Boomer Pizza Boulder Tap House Breezy Point Marina Brick House Pizza Buffalo Wild Wings Burger King Burritos California 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) Diamond House Domino s Pizza El Tequila Erbert & Gerberts Ernie s Four Seas Giovanni s Pizza Restaurants/Fast Food Continued Grizzly s Grill & Saloon Half Moon Saloon Hardee s Hunt N Shack Jack s House Jake s Jimmy John s KFC (2) Lucky s Madden s Classic Grill Manhattan Beach Maucieri s McDonalds (3) Moonlite Bay Northern Cowboy s 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 Sakura Sawmill Inn Sherwood Forest Starbucks (2) Subway (3) Taco Bell Taco John s The Barn The Chap The Commander The Pines at Grandview Tim Horton s Timberjack Wendy s (2) Ye Ole Wharf Zorbaz (2) 17

18 { 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. 18

19 { Agency Disclosure } 19

20 { 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, CCIM Kevin Close Chris Close, CCIM Rod Osterloh, ALC Jody Osterloh cell nate@closeconverse.com cell tim@closeconverse.com cell kevin@closeconverse.com cell chris@closeconverse.com cell osterloh@closeconverse.com cell jody@closeconverse.com 20