HWY 371 N, BAXTER, MN 56425 · 2016. 3. 29. · hwy 371 n, baxter, mn 56425 development opp. commercial real estate | business brokerage | land & building development investment &

HWY 371 N, BAXTER, MN 56425

DEVELOPMENT OPP.

COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT

INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES

HWY 371

DELLWOOD DR NOVOTNYRD

{ Table of Contents }

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HWY 371 N, BAXTER, DEVELOPMENT OPP.

521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2008 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

2, 3 Features4 Pricing Schedule5 Legal Descriptions6 Section Maps7 Aerial Photo8 Zoning Map9, 10 Zoning Description11 Traffic Counts12 Location Map13, 14 Demographics15 Thank You16 Agency Disclosure17 Contact

Page

{ Features }

www.closeconverse.com© 2008 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

MajorNorthboundCorner Site.Excellent developmentopportunity at a 3/4intersection on Hwy 371!Now is the time to locatein this fast growingcommercial neighborhood.Enjoy direct access to Hwy371, road frontage on 4 ofthe 5 sides, superb visibility,and city utilities to the site!

Location: Hwy 371 N, Baxter, MN 56425

Directions: From the Baxter Hwy 210/371 intersection - North on Hwy 371approx. 1.48 miles to Novotny Road - Right (east) on NovotnyRoad to the property immediately on the right (directly south ofLewie’s RV)

Total Lot Size: Approx. 15.09 Gross Acres (657,320.4 sq. ft.)*Less 2.45 Wetland/ROW Acres (106,722 sq. ft.)*Equals 12.64 Net Acres (550,598.4 sq. ft.)**Exact acreage calculation subject to survey

Note: See Pricing Schedule for a breakdown of individual tracts/sizes

Access: Hwy 371, Novotny Road & Dellwood Drive

Total Price: $2,959,000Estimated $4.62/sq. ft. GrossEstimated $5.37/sq. ft. Net

Note: See Pricing Schedule for a breakdown of individual tracts/prices

2007 Taxes: $31,308.92 TotalKRRC-Tanner: $22,375.06KRRC-Thelen: $154.38Wicklund: $8,321.04Johnson: $458.44

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HWY 371

DELLWOOD DR (FORMERLY DANIELSON

NOVOTNYRD

Lewie’s RV

Book World

{ Features }

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Water: City Water is available to the site but not yet connected(Wicklund): 2 Sandpoint Wells (one for house and one for shop/building)(KRRC-Thelen): 1 Sandpoint Well

Sewer: City Sewer is available to the site but not yet connected(Wicklund): Septic Tank w/Drainfield(KRRC-Thelen): Septic Tank w/Drainfield

House (KRRC-Thelen): No specifics - Sold as is

House (Wicklund): No specifics - Sold as is1,680 sq. ft. (28’ x 60’)Has a partial basement, that is partially finished

Garage (Wicklund): No specifics - Sold as is576 sq. ft. (24’ x 24’)

Building Size (Wicklund): 6,080 sq. ft. (40’ x 152’)See supplemental brochure for details

Zoning: C2 - Regional Commercial District, except for KRRC-Thelen, which islocated in Crow Wing County, but should be zoned C-2 when annexedinto Baxter.

Wetlands: KRRC-Tanner property has a wetland delineation map available - askagent for wetland information

Service Road Easement: There is a 50’ wide Servie Road Easement along the west edge of theproperty, going the entire length of the property

PID#:KRRC-Tanner: 030314100AA0009KRRC-Thelen: 970311400BB0009Wicklund: 030311400C00889Johnson: 030311400BC0009

Legal Descriptions: See page 5 for full legals on each tract

{ Pricing Schedule }

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KRRC-Tanner:

KRRC-Thelen:

Wicklund:

Johnson:

TOTALS:

11.86 516,621.6

1.13 49,222.8

1.50 65,340

.6 26,136

15.09 657,320.4

1.69 10.17

.38 .75

.24 1.26

.14 .46

2.45 12.64

443,005.2 $1,595,000

32,670 $200,000

54,885.6 $949,000

20,037.6 $215,000

550,598.4 $2,959,000

Est. Est. Est. Est. Est. Est.Gross Gross Wetland/ Net Net List

Tract Acres SF Road Ac. Acres SF Price

Note: For individual offerings on KRRC-Tanner and Wicklund, please see the supplementalbrochures 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

(1)

(2)

(2)

(2)

(3)

{ Legal Descriptions }

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KRRC-Tanner: Part of NE1/4 of SE1/4 Sec. 31 Desc. as follows comm. at the SE cornerof said NESE, then N 01 Deg 14 Min 03 Sec E assm/bear 859.35 FT algthe E line of said NESE to the point of beg. of the tract described, thenS.55 Deg 45 Min 42 Sec W. 564.81 FT to the NE'ly ROW line for TRKHWY #371, then N 34 Deg 14 Min 18 Sec W. 975.65 FT alg said ROWline to the N line of said NESE, the N S. 88 Deg 56 Min 20 Sec E1026.18 FT alg said N line to the NE corner of said NESE, then S 01Deg 14 MinN 03 Sec W 469.91 FT alg said E line of the NESE to thepoint 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 E1/4corner of said Sec31, then W assumed bearing, alg the S line of said E1/2of NE1/4 629.20 Ft, then N 15 Deg26 Min 00 Sec E 167.44 Ft to thecenterline of an existing public road, then S 74 Deg 34Min 00 Sec E algthe centerline of said public road 606.51 Ft to the point of beg.

Wicklund: SE1/4 of NE1/4 lying E. of Hwy #371, ex. the fol desc. parts: 1. beg. atthe 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. 737.96 Ft to a pointon 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. 765.57 Ft alg saidS. line to the E place of beg. said ex. part being subject to easements ofrecord. 2. that part of the SE1/4 of the NE1/4 lying N. of said existingroad 3. that part of the SENE which lies SW'ly of the ROW for trunkHwy#3 71, more particularly described as follows:beg. at the SW cornerof said SENE, then N. 1Deg 48 Min 06 Sec E, assm/bear, 19.56 Ft algthe W. line of said SENE to the SW'ly ROW line for said Hwy#371,then S. 34 Deg 14 Min 56 Sec. E. 23.96 Ft alg said ROW line tothe S. line of said SENE, then N. 88 Deg 56 Min 21 Sec W. 14.10 Ft Salg said S. line to the point of beg.

Johnson: That part of E. 1/2 of NE1/4 Sec. 31 described as follows; comm. at theE. 1/4 corner of Sec. 31, then W. assumed bearing, along the S. line ofsaid E. 1/2NE1/4 765.57 Ft to the point of beg, then N.15 Deg 26 Min00 Sec E. 203.73 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 131.45Ft ,L then S. 15 Deg 26 Min 00Sec W. 167.44 Ft to the S. line of saidE.1/2 NE1/4, then W'ly along said S. line of said E. 1/2 NE1/4 to theplace of beg. subject to reservations, restrictions and easements of record.

{ Section Map }



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N

KRRC-TannerEst. 10.17 Ac. Net

KRRC-ThelenEst. 1.13 Ac. Net

WicklundEst. 1.26 Ac. Net Johnson

Est. .46 Ac. Net

Note: This is not a survey but a drawing from Crow Wing County. Information from this drawing may conflictwith other data. Prospective purchasers should only rely on a survey by a registered land surveyor.

All Tracts Combined15.09 Gross Acres

Less 2.45 Wetland/ROW Acres12.64 Net Acres

{ Aerial Photo }



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Menards

HWY 371LAND

N

HWY 371Starbucks

Arby’s

PrairieBay

Country Suites

Holiday Gas

AmericanNational Bank

Super America

Comfort Inn

Johnson Mini Storage

China Garden

Slumberland

Midwest Bank

Grizzly’sRetail Center

Culver’s

Applebee’s

Wells Fargo

GLAROffice

WOIDA ROAD

The LodgeWestside Liquor

Lewie’s RV

Holiday Inn ExpressRockwoods

Power LodgeMalibu Boats VonHanson’s

Harley Davidson

Famous DavesBaxter VillagePearl Vision

Gull Lake Brick

General Rental

Just for Kix

Book World

Denny Hecker’s

Hecker’s BargainConnection Lot

HART

DELLW

OODDRNOVOTNY RD

Neighboring Businesses: Located just south of Lewie’s RV, and just north of Denny Hecker’s BargainConnection Lot. Other neighboring businesses include Menards, Brainerd General Rental, HART,Applebee’s, Culver’s, China Garden, Grizzly’s Retail Center, Slumberland, Arby’s, Holiday InnExpress, Book World, The Lodge at Brainerd Lakes, Famous Dave’s, Baxter Village, plus manyothers.

{ Zoning Map }



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C2 - Regional Commercial District

{ Zoning Description }



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C2 - Regional Commercial District10-3G-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 thesurrounding trade area:

Bakery goods sales and baking of goods for retail sales on premises; bank; barbershop; beauty shop; book, office supply andstationery store; business office; candy, ice cream, popcorn, nuts, frozen dessert and soft drink shop; delicatessen and/orconvenience store; drugstore; dry cleaning, and laundry pick up stations including incidental pressing, and repair; departmentstore; florist; gift or novelty store; grocery, fruit or vegetable store; hardware, building supply store; hobby store; laundromat ofthe 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 salesand 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 theoperations do not include retail sales or warehousing from the site.

Professional offices. (Ord. 8, 12-17-1996)

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 abuilding; auto repair; boats and marine sales when conducted entirely within a building, building material yards; commercialgreenhouse, diaper or hand laundry service; furniture sales; garden supply store; interior decorating studio; locksmith; motels andhotels, provided the site shall contain not less than six hundred (600) square feet of area per unit; newspaper and publishingoffice; office buildings; optical and jewelry manufacturing; pet shop provided the operation shall not include the commercialboarding of pets on the site; the maintaining of pens or cages outside the building, or the operating of, so as to cause anoffensive odor or noise; photographic supplies and processing of film and prints; picture framing; printing shop, physical cultureand health studio, radio and television repair; rugs and floor covering sales; seat cover, upholstery and drapery shop; wholesaleoffice 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 businesssubject to the requirements of this title; electrical service, heating, plumbing, appliances, upholstery or air conditioning serviceshop.

Conduct a fabrication, storage, packaging and/or wholesaling operation or providing a service including any of the following orsimilar uses meeting the performance standards applicable to the C2 district:

Electronic components and products.

Fishing tackle.

Continued on next page.

{ Zoning Description }



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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 pressurestations, 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 developmentshall 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. 2003-2, 8-5-2003; amd. Ord. 2004-13, 9-21-2004; Ord. 2006-2, 1-17-2006)

10-3G-2-1: INTERIM USES:

As determined by the planning and zoning commission. (Ord. 2004-8, 4-20-2004)

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 thirtypercent (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 completesaid 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 10-5-1 of this title. (Ord. 8, 12-17-1996; amd. Ord. 8.38, 9-18-2001)

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 www.ci.baxter.mn.us

{ Traffic Counts } 2006 Counts from MNDOT



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Baxter Traffic Counts: 23,000 on Hwy 371

{ Location Map }



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North

South

{ Demographics } Figures from STDB, CCIM



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Trade Area (Includes the following counties):Crow Wing County 60,335Cass County 28,775Total Trade Area Population 89,110

2005 Population Estimate: Baxter 6,810Brainerd 13,684Crow Wing County 60,335

Estimated Summer Population:Brainerd/Baxter 200,000+

Projected Population Growth Change 2005-2010:Crow Wing County 8.2%Baxter 15.9%

Household in 2005: Crow Wing County 26,399Baxter 2,539

Estimate of 2005 Median Household Income:Crow Wing County $41,468Baxter $54,240

Crow Wing County Retail Sales in 1997: $708,278,000

Major Employers (with 150 or more employees): # of EmployeesSt. Joseph’s Medical Center Brainerd 900+Brainerd Public Schools Brainerd 900Brainerd Regional Human Service Ctr Brainerd 657Maddens, Inc. Brainerd 425Crow Wing County Brainerd 400BISYS Brainerd 400Cuyuna Regional Medical Center Crosby 390Wal-Mart Baxter 350Mill Fleet Farm Brainerd 342Clow Stamping Merrifield 300Bethany Good Samaritan Village Brainerd 300Breezy Point Resort Breezy Point 300Crosby Public Schools Crosby 255Ruttger’s Bay Lake Lodge Deerwood 250Grand View Lodge Nisswa 250Brainerd Medical Center Brainerd 240U.S. Link Pequot Lakes 231Central Lakes Community College Brainerd 225Trus Joist Mac Millan Deerwood 220Pequot Lakes Public Schools Pequot Lakes 200

Continued on next page.

{ Demographics }



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Major Employers Continued: # of EmployeesRiverwood International USA Crosby 190MN Dept of Transportation Baxter 190North Star Plating Brainerd 158A-Tek, Inc. Brainerd 156Nor-son, Inc. Baxter 150Target Baxter 150

Area Businesses:Financial Institutions: Major Retailers:1st Federal Savings Bank Ashley Home FurnitureAffinity Plus Credit Union Best BuyAmerican National Bank Cub Foods (2)Brainerd BN Credit Union Fifth Ave. FurnitureBrainerd Savings & Loan Fleet FarmBremer Bank Gander MountainDeerwood Bank Herberger’sLakewood Bank Home DepotMid-Minnesota Federal Credit Union JC Penney’sMidwest Bank Kohl’sNorthern National Bank MenardsPeople’s National Bank Office MaxUS Bank Super OneWells Fargo Bank of Minnesota Super Wal-Mart

Target

Restaurants: Fast Food:371 Diner Arby’sApplebee’s Burger KingBlack Bear Lodge & Saloon Caribou Coffee (2)Bonanza Cold Stone CreameryBuffalo Creek Culver’sBuffalo Wild Wings Dairy Queen (2)China Buffet Domino’s PizzaChina Garden HardeesCountry Kitchen KFC (2)Famous Dave’s McDonalds (3)Giovanni’s Pizza Papa John’s PizzaGrizzly’s Grill & Saloon Papa Murphy’s PizzaIven’s on the Bay Quizno’sJack’s House StarbucksPerkins Subway (3)Pizza Hut Taco BellPoncho and Lefty’s Taco John’sPrairie Bay Wendy’sRafferty’s PizzaRockwoods

{ Thank You }

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521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2008 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 }



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{ Contact }



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 theClose~Converse team by cell phone or email.

Kevin Close 218-831-3077 [email protected]

Rod Osterloh 218-831-1301 [email protected]

Chris Close, CCIM 218-831-7510 [email protected]

Jody Osterloh 218-831-0712 [email protected]

Nate Grotzke 218-838-1000 [email protected]

Brent Nelson [email protected]

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Documents

HWY 371 N, BAXTER, MN 56425 · 2016. 3. 29. · hwy 371 n, baxter, mn 56425 development opp. commercial real estate | business brokerage | land & building development investment &