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18512 HWY 371, BRAINERD, MN 56401
THE OLD WATERFALL
COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT
INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES
{ Table of Contents }
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18512 HWY 371, BRAINERD
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2017 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 - 5 Features6 Floor Plan7 - 10 Photos11, 12 Aerial Photos13 Section Map14 Zoning Map15 Traffic Counts16 Location Map17, 18 Demographics19 Thank You20 Agency Disclosure21 Contact
Page
{ Features }
www.closeconverse.com© 2017 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
Bar /Restauranton Hwy 371.The Old Waterfall is aprime commercial location on Hwy 371, justnorth of BrainerdInternational Raceway (BIR). This lakes area bar/restaurant has been entertaining and feeding themasses for decades with live bands, drinks and food. Facility consists of a large horseshoe bar withhigh-top and low-top bar/dining seating, plus a side room with a private bar, dance floor and stage,ideal for receptions and banquets. The property also contains a kitchen along with an outdoorsmoking shelter, storage shed and a gorgeous courtyard with a rock waterfall feature. Numerousopportunities exist to revive this location with your business concept. Enjoy prime frontage, easyaccess and high traffic counts today!
Location: 18512 Hwy 371 N, Brainerd, MN 56401
Directions: From Hwy 371/210 intersection in Baxter - North on Hwy 371 - Subject Property is located approx. 1,860’ north of the entrance gates to Brainerd International Raceway (BIR) on the east side of Hwy 371
Lot Size: Approx. 1.89 Acres - Final lot size to be determined after Crow Wing County approval of a lot line adjustment (Subject property will be on the west, containing one building)
Lot Dimensions: Approx. 435’ x 340’ x 75’ x 45’ x 200’ x 45’ x 140’ x 30’ Exact dimensions to be provided after lot line adjustment is recorded
Bar/Restaurant: 8,220 sq. ft.
Smoke Shelter: 576 sq. ft. (24’ x 24’)
Shed: 160 sq. ft. (16’ x 10’)
Purchase Price: $379,000 (Price Includes Land, Buildings and all Furniture, Fixtures & Equipment)
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18512 HWY 371, BRAINERD
{ Features }
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18512 HWY 371, BRAINERD
www.closeconverse.com© 2017 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
2017 Real Estate Taxes: $11,596 (Current taxes include assessment on entire parcel - to be re-assessed after lot line adjustment is recorded to reflect only the building on the west)
Water: Well
Sewer: Septic
Heating: Natural Gas Forced Air
Cooling: Central Air - Electric Ground Units
Electric: 2 (100-Amp) Panels & 1 (200 Amp) Panel
Lighting: Fluorescent
Year Built: Bar/Restaurant: 1970; Smoke Shelter: 2010; Shed: 2000
Construction: Concrete Block & Wood Frame
Foundation: Concrete
Exterior: Vinyl Siding
Roof: Asphalt Shingles & Wood Shakes
Ceiling Height: 8’ & 10” Vaulted
Floor Drains: 5
Bathrooms: 1 Women’s Room, 1 Men’s Room and 1 Private Staff Restroom
Seating Capacity: 100+
Freezer/Cooler: 1 Walk-In Freezer, 2 Walk-In Coolers, plus additional Standing Coolers
FF&E: All Furniture, Fixtures & Equipment located at the property and utilizedby the business is included in the asking price
Continued on next page.
{ Features }
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18512 HWY 371, BRAINERD
www.closeconverse.com© 2017 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
High Speed Internet: Yes
Security: Yes
Parking: 70+ Paved Asphalt Spaces
Frontage: Approx. 435’ along Hwy 371
Zoning: Commercial District 2 (C-2)The purpose of this district is to provide adequate space areas for generalretail and service activities in rural areas. C-2 commercial districts shall be located along federal, state, county, or township roads.
PID#: 980141303EB0009 and part of 980141303EA0009 - Subject Property to contain only one PID after lot line adjustment is recorded
Legal Description: Part of SE 1/4 of NE 1/4 lying in Section 14, Township 134, Range 29 - Subject Property to have new legal description after lot line adjustment is recorded
{ Floor Plan }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
{ Photos }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
The Old Waterfall Courtyard
Courtyard Courtyard
Courtyard Courtyard
{ Photos }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
Bar Bar - Front Seating Area
Bar - Front Seating Area Bar - Back Seating Area
Bar - Back Seating Area Bar - Restrooms
{ Photos }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
Bar - Office/Storage Bar - Office/Storage
Banquet Room Banquet Room
Banquet Room Kitchen - Office
{ Photos }
www.closeconverse.com© 2017 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, nei-ther the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information maybe reproduced, 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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18512 HWY 371, BRAINERD
Kitchen Kitchen
Kitchen - Coolers Kitchen - Storage
Smoke Shelter Smoke Shelter
{ Aerial Photo }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
N
Tracker Boat Ctr
Brainerd Tools & More
Second TimeAround
North StarWater Wells
Gull Lake Glass
Kubota
{ Aerial Photo }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
The OldWaterfall
N
Raceway Square
Billy Bones
Northern Cowboys
Nitro Square
Versatile Golf Cars
GLS
BrainerdInternational
Raceway
Pirates Cove
Valley Pools & SpasNational Conductor
SideTrack First Supply
ATV Sleds
Haataja Automotive
Lakes Area DocksTracker Boat Ctr
Yard Creations
Ferrell Gas
S&W Bait & Motel
Gull Lake GlassKubota
Party Time
Power Lodge
NORTH LONG LAKE
HARTELY LAKE
{ Section Map }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
* Dimensions & Lot Lines areestimated from the CWC GISwebsite. Exact numbers tobe provided after the Lot LineAdjustment is recorded.
{ Zoning Map }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
Commercial District 2
{ Traffic Counts } 2015 Counts from MNDOT
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
Crow Wing Traffic Counts: 18,500 on Hwy 371 N
{ Location Map }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
North
South
{ Demographics } Figures from STDB, CCIM
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
Trade Area 2016 Population (Includes the following counties): Crow Wing County 65,395Cass County 29,482 Total Trade Area Population 94,877
2016 Population: Brainerd 30,596Baxter 8,114
Estimated Summer Population: Brainerd/Baxter 200,000+
Projected Population Growth Change 2016-2021:Crow Wing County 0.60% Brainerd 0.40%
Households in 2016: Crow Wing County 27,185Brainerd 12,516
2016 Median Household Income: Crow Wing County $50,396Brainerd $47,444
Crow Wing County Retail Sales in 2012: $1,124,967,000
2016 Crow Wing County Major Employers: Industry # of Employees Essentia Health - Central Region Healthcare 1,460Cuyuna Regional Medical Center Healthcare 947Brainerd School District Education 893Grand View Lodge Tourism 720Madden’s Resort Tourism 550Ascensus Technology 500Breezy Point Resort Tourism 500Clow Stamping Manufacturing 440Crow Wing County Government 415Cragun’s Resort Tourism 380Central Lakes College Education 325Walmart Retail 320Cub Foods/Super Valu (3 Stores) Retail 320Ruttgers Bay Lake Resort Tourism 300Anderson Brothers Construction Construction 260Pequot Lakes School District Education 240Crosby Ironton School District Education 240Mills Automotive Retail 220Bang Printing Manufacturing 218City of Brainerd Government 208Bethany Good Samaritan Healthcare 175Costco Retail 175Woodland Good Samaritan Healthcare 175Landys+Gyr Inc. Energy 140Nortech Systems Manufacturing 97
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{ Demographics }
www.closeconverse.com© 2017 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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18512 HWY 371, BRAINERD
Area Businesses: (To see a list of additional businesses, please go to www.explorebrainerdlakes.com)
Financial Institutions: 15+ (multiple locations not counted)
Churches: 30+
Schools: 15+
Golf Courses: 27+
Resorts:Bay Colony InnBreezy Point ResortCragunsFritz’s ResortGrand View LodgeGull Lake ResortIzaty’sKavanaugh’sLost Lake LodgeMaddensQuarterdeckRuttger’s Bay Lake LodgeSullivansPlus numerous others
Major Retailers:AldiAnytime FitnessAuto ZoneBest BuyBig LotsBook WorldBrother’s MotorsportsCashwise Liquor (2)Christmas PointCostcoCub Foods (2)Dick’s Sporting GoodsDiscount TireDunham’s SportsEast Brainerd Mall (17 Retailers)Fleet FarmGander MountainHerberger’sHome DepotJC Penney’sJiffy LubeKohl’sMenards
Major Retailers Continued:Office MaxPetSmartSearsSuper OneSuper Wal-MartTargetThe Power LodgeTJ MaxxUlta BeautyWalgreensWestgate Mall(27 Retailers)Westside Liquor
Restaurants/Fast Food:218 Local371 Diner612 StationAntler’sApplebee’sArby’sBar HarborBaxter’sBilly’sBlack Bear Lodge & SaloonBoomer PizzaBoulder Tap HouseBreezy Point MarinaBrick House PizzaBuffalo Wild WingsBurger KingBurritos CaliforniaCaribou Coffee (3)Cherry BerryChina BuffetChina GardenCold Stone CreameryCountry KitchenCowboy’sCragun’s Legacy GrillCruCulver’sDairy Queen (3)Diamond HouseDomino’s PizzaEl TequilaErbert & GerbertsErnie’sFour Seas
Restaurants/Fast Food ContinuedGiovanni’s PizzaGrizzly’s Grill & SaloonHalf Moon SaloonHardee’sHunt ‘N ShackJack’s HouseJake’sJimmy John’sKFC (2)Lucky’sMadden’s Classic GrillManhattan BeachMaucieri’sMcDonalds (3)Moonlite BayNorthern Cowboy’sNorthwinds GrilleOlive GardenPapa John’s PizzaPapa Murphy’s PizzaPerkinsPestello’sPine PeaksPizza HutPizza RanchPoncho & Lefty’sPrairie BayPrime TimeQuarterdeckRafferty’s Pizza (3)Riverside InnRuttger’sSakuraSawmill InnSherwood ForestStarbucks (2)Subway (3)Taco BellTaco John’sThe BarnThe ChapThe CommanderThe Pines at GrandviewTim Horton’sTimberjackWendy’s (2)Ye Ole WharfZorbaz (2)
{ Thank You }
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18512 HWY 371, BRAINERD
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2017 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© 2017 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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18512 HWY 371, BRAINERD
{ Contact }
www.closeconverse.com© 2017 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.
Chris Close, CCIM 218-831-7510 [email protected]
Tim Miller, CCIM [email protected]
Nate Grotzke, CCIM [email protected]
Kevin Close 218-831-3077 [email protected]
Rod Osterloh, ALC 218-831-1301 [email protected]
Jody Osterloh 218-831-0712 cell, [email protected]
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18512 HWY 371, BRAINERD
