us hwy 169 & cr 47, aitkin, mn 56431 - images2.loopnet.com · (4) screening. all sites shall be...

US HWY 169 & CR 47, AITKIN, MN 56431

RETAIL FOR SALE/LEASE

COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT

INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES

{ Table of Contents }

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US HWY 169 & HWY 47, AITKIN

521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2019 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, 4 Features5 Floor Plan6, 7 Photos8, 9 Aerial Photos10 Section Aerial11 Section Map12 Zoning Map13, 14 Zoning Description15 Traffic Counts16 Location Map17 Demographics18 Thank You19 Agency Disclosure20 Contact

Page

{ Features }

www.closeconverse.com© 2019 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

2-Tenant RetailBuilding.Great investment opportunitywith a 2-tenant retail buildinglocated along the Hwy 169corridor in Aitkin. CurrentlyO’Reilly Auto Parts occupiesone space and the other spaceis available for lease. A tenantcan enjoy a large open retailfloor plan at an affordable rate.This location offers excellent exposure and easy access in a primarily residential neighborhood locatedjust south of the downtown shopping district.

Location: 315 1st Ave SE, Aitkin, MN 56431

Directions: Building is located on the NE corner of the intersection of Minnesota Ave S (Hwy 169) and 4th Street SE (Hwy 47)

Lot Size: 1.45 Acres (63,000 sq. ft.)

Lot Dimensions: 300’ x 300’ x 120’ x 150’ x 180’ x 150’

Frontage: 300’ along Minnesota Ave S (Hwy 169), 300’ along 4th Street SE (Hwy47),150’ along 3rd Street SE and 120’ along 1st Ave SE

Building Size: 21,002 sq. ft. TotalO’Reilly Auto Parts: 8,334 sq. ft. (Tenant since 2007)Available Lease Space: 12,668 sq. ft.

Purchase Price: $750,000 (Entire Building)

Lease Rate: $4.50/sq. ft. Triple Net (Available Lease Space)

2018 Real Estate Taxes: $23,504

Water & Sewer: City

Continued on next page.

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{ Features }Construction: Concrete Block

Foundation: Poured Concrete

Exterior: Brick & Concrete Block

Roof: Flat - Rubber Membrane

Loading Dock: On the O’Reilly Auto Parts Space

Parking: 65 Paved Asphalt Spaces

Zoning: C - Commercial Highway & LI-TC - Light Industrial / Commercial Transition

Current Tenant: O’Reilly Auto PartsNote: Ask Agent for Lease Details

PID #: 56-1-035400, 56-1-035300 & 56-1-034800

Legal Description: Lots 7 - 12, less Hwy, Block 121 and S 20 ft of Lot 4 & all of Lots 5 & 6, Block 121, First Addition to Aitkin

AVAILABLE LEASE SPACE SPECS:Space Size: 12,668 sq. ft.Heating: Natural Gas Forced Air - Ceiling Cooling: Central Air - Electric Rooftop UnitsElectric: 200 Amp, Single PhaseLighting: Fluorescent Ceiling Height: 10’ & 14’Restrooms: 2Floor Drains: 3High Speed Internet: YesSecurity: YesStorage: There is a small unfinished upper level storage area in the back

room

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{ Floor Plan }



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{ Photos }



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Front Side of Building Back Side of Building

Pylon Signage for Building Available Lease Space

Lease Space - Entrance Lease Space - Open Retail Area

{ Photos }



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Lease Space - Open Retail Area Lease Space - Open Retail Area

Lease Space - Restrooms & Breakroom Lease Space - Back Room

Lease Space - Back Room Lease Space - Upper Level Storage

{ Aerial Photo }



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N

Hwy 169Retail

BlackrockTerrace Apts

RipplesideElementary

School

RiverwoodHealthcare Center

Hospital

Aitkin IronWorks

Aitkin HealthServices

First LutheranChurch

Aitkin CountyHousing

Funeral Home

New LifeAlliance Church

Aitkin CityPark

USPS AmericanLegion

FamilyDollar

Holiday

HardwareHank

RoadsideRestaurant

AitkinLiquor

DairyQueen

BrandlMotorsMcDonaldsAitkin

SecondarySchool

SubwayCVS

Downtown AitkinBusinesses

Golden HorizonsMemorycare

River MeadowsApartments

{ Aerial Photo }



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N

Hwy 169Retail

{ Section Aerial }



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{ Section Map }



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{ Zoning Map } City of Aitkin



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C - Commercial Highway & LI-CT - Light Ind /Comm Transition

{ Zoning Description }



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Continued on next page.

Highway Commercial (C).

(A) Purpose and intent. To provide a zoning classification for commercial uses oriented around the automobile. Parcelsare larger than in the Downtown Mixed Use Zone in order to provide on-site parking and on-site storm water facilities,as well as on-site water supply and sewage treatment where municipal utilities are not immediately available.

(B) Compatibility. The Commercial District should be established as a transition zone between the Downtown MixedUse (DMU) District, the Light Industrial/Commercial Transition (LI-CT) District or the Industrial (I) District and thesurrounding residential districts. The district may not be established in an area where it is completely surrounded by resi-dential districts.

(C) Lot and density requirements.Buildable lot area (sewered) - square feet, minimum 10,000Buildable lot area (unsewered) - square feet, minimum 20,000Building height - feet, maximum 45Impervious surface - percent, maximum 50%Lot width- feet, minimum 100Setback, between buildings - feet, minimum 10Setback, parking from lot line - feet, minimum 10Setback, rear - feet, minimum 10Setback, right-of-way, feet, minimum 50Setback, side next to residential district - feet, minimum 30Setback, side yard - feet, minimum 10Setback, sign - feet, minimum 1Setback, wetland - feet, minimum25

(D) Performance standards. The following performance standards apply to all development in this district.(1) Impervious coverage. Impervious coverage may be increased by up to 25%, not to exceed 75% of the property

area, through a conditional use permit if the following is provided and approved by the city:(a) A storm water retention plan showing containment of the ten-year, 24-hour storm event on the parcel; and(b) Elimination of direct runoff of storm water to adjacent properties and wetlands through the use of berms, infil-

tration ponds, swales, filtration strips or other permanent means.(2) Compatibility of use. Use shall be compatible with the surrounding neighborhood. Uses shall not present

noise, odor, light nuisances or any other nuisances.(3) Parking. Off-street parking shall be provided as per § 152.096 of this chapter. On-street parking is not allowed

under any circumstances. To reduce the visual impacts, landscaping between parking lots and all adjacent sidewalks,roads, lots and buildings is recommended. A landscaping plan should be submitted with the permit application.

(4) Screening. All sites shall be heavily landscaped to provide 80% screening to adjacent residential parcels.Percentages shall be determined by amount of structure that can be seen during leaf-on conditions. A landscaping andscreening plan must be submitted with any permit application.

(5) Lighting. Lighting shall be minimal, but sufficient to promote public safety. Lighting shall be downward direc-tional and shall be compatible with the surrounding development and, where appropriate, follow the historic light fixturestyle used for the downtown.

(6) Fire lanes. Fire lanes shall remain unobstructed at all times.(Ord. 332, passed 5-19-2008; Ord. 345, passed 7-6-2010)

{ Zoning Description }



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LIGHT INDUSTRIAL/COMMERCIAL TRANSITION (LI-CT) DISTRICT.

(A) Purpose and intent. To provide a zoning classification for a mix of light industrial and commercial uses. The areasincluded in this district have traditionally seen light industrial uses but as traffic patterns and business practices arechanging, the demand for industrial uses and appropriate intensity of the uses in relation to neighboring uses haschanged. The intent of this district is to promote adaptive re-use of older industrial buildings and prevent blight byallowing a mix of commercial and light industrial uses that are compatible.

(B) Compatibility. The Light Industrial/Commercial Transition (LI-CT) District is most compatible with and shouldbe established next to the Downtown Mixed Use (DMU) District.

(C) Lot and density. Lot and density requirements shall be the same as those listed in § 152.037(C) of this chapter.

(D) Performance standards. Performance standards shall be the same as those listed in § 152.037(D) of this chapter.(Ord. 332, passed 5-19-2008)

{ Traffic Counts } 2010 Counts from MNDOT



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Aitkin Traffic Counts: 9,800 on Minnesota Ave S (US Hwy 169) and 4,600 on 4th St SE(Hwy 47)

{ Location Map }



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North

South

{ Demographics }



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Trade Area 2016 Population (Includes the following counties): Crow Wing County 65,395Cass County 29,483Total Trade Area Population 94,878

2016 Population: Aitkin 8,955Brainerd 30,596Baxter 8,114

Estimated Summer Population: Brainerd/Baxter 200,000+

Projected Population Growth Change 2016-2021:Aitkin County 0.06% Aitkin 0.02%

Households in 2016: Aitkin County 7,458Aitkin 4,001

2016 Median Household Income: Aitkin County $43,118Aitkin $46,147

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

{ Thank You }

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521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334© 2019 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 the Close~Converse team by cell phone or email.

Tim Miller 218-838-8772 [email protected]

Nate Grotzke, CCIM 218-838-1000 [email protected]

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

Rod Osterloh 218-831-1301 [email protected]

Kevin Close 218-831-3077 [email protected]

Jody Osterloh 218-831-0712 [email protected]

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us hwy 169 & cr 47, aitkin, mn 56431 - images2.loopnet.com · (4) screening. all sites shall be...

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