Contacts




Property Details
- Property Type Other
- Property Size 18,000 SF
- Year Built 1993
- Date Updated May 5, 2025
Colliers is pleased to present Trail Ridge Townhomes. Built in 1993 as a LIHTC community, Trail Ridge provides a rare investment opportunity in the sought-after Brainerd Lakes submarket. Featuring some of the largest units in the market - averaging 1,254 square feet in size - as well as the unique availability of attached garages and an on-site laundry facility within a boutique community, Trail Ridge Townhomes is truly one-of-a-kind.
With the current affordability expiring, new ownership can begin to increase rents $250+ to market rates, with the optionality to also renovate the units for additional upside. The closest renovated townhome comparable, located three miles east, was built in 1997 and commands average rents more than $700 higher, despite having units that are 140 to 252 square feet smaller. Combined with strong demand from local employers and a growing population of professionals and retirees, Trail Ridge Townhomes is a compelling opportunity for investors seeking durable cash flow and long-term appreciation in an economically resilient Northern Minnesota market. Positioned in the supply-constrained Brainerd Lakes Area, Trail Ridge Townhomes and its competitors remain occupied yearround, offering strong going-in yields with immediate upside.
Reach out to the broker for more info on lease terms and amenities
Getting around
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Location
- City Brainerd, MN
- Zip Code 56401
Points of Interest
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Speedway
0.75 miles
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Holiday
1.50 miles
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Costco Gasoline
1.51 miles
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BP
2.67 miles
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Tesla Supercharger
2.80 miles
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Cenex
7.48 miles
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Natural/Grass Surface Parking Lot, Poor Farm WMA
3.37 miles
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trailhead
3.57 miles
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Natural/Grass Surface Parking Lot, Ray Cook WMA
4.47 miles
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The Classic at Madden's Parking Lot
7.20 miles
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Natural/Grass Surface Parking Lot,
7.83 miles
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Rodeway Inn Baxter
1.10 miles
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Days Inn & Suites by Wyndham Baxter Brainerd Area
1.55 miles
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Country Inn & Suites
1.56 miles
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Super 8 by Wyndham Baxter/Brainerd Area
1.61 miles
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Baymont Baxter/Brainerd Area
1.75 miles
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Country Inn & Suites By Carlson, Baxter
1.93 miles
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Comfort Suites Rapid River Lodge
2.07 miles
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Holiday Inn Express Hotel & Suites Brainerd-Baxter
2.71 miles
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Arrowwood Lodge At Brainerd Lakes
2.77 miles
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Cragun's Resort on Gull Lake
7.96 miles
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Crow Wing Food Co-op
0.93 miles
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Super One Foods
1.05 miles
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Kohl's
1.26 miles
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Target
1.55 miles
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Cub Foods
1.58 miles
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TJ Maxx
1.62 miles
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ALDI
1.64 miles
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Walmart Supercenter
1.76 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.