A Rare Opportunity in Brainerd: Restore, Rebuild, or Reimagine at 224 N 5th St
A Rare Opportunity in Brainerd: Restore, Rebuild, or Reimagine at 224 N 5th St
Priced at an accessible $43,900, the property at 224 N 5th St in Brainerd, Minnesota, stands as an unusual and compelling opportunity for buyers with vision. Whether you’re a seasoned investor, a contractor, a developer, or a homebuyer ready to take on an ambitious project, this listing offers something increasingly rare in today’s market: choice.
Restore the home to its former character, rebuild something new, or leverage the location and zoning flexibility to execute a completely different plan.
This parcel, positioned within Brainerd’s desirable northside, is being sold AS-IS due to a fire that caused substantial damage. Yet the value of the lot, its dimensions, and its proximity to key local amenities make it a property worth considering for anyone interested in a fresh start—whether through renovation or redevelopment.
A Home With History—and a Future Ready to Be Shaped
Behind the current condition is a structure that once held charm and functionality. Featuring four bedrooms and two bathrooms—including one full bath and one half bath—the home offered generous living space and the kind of room count that is increasingly sought after. While the fire damage necessitates significant work, many buyers will appreciate the chance to strip the home down and rebuild it to today’s standards.
Restoration offers a uniquely satisfying process for those who love to blend the old with the new. Retaining original architectural features while installing modern systems, energy-efficient upgrades, and contemporary layouts can transform the home into a standout gem.
For others, the fire damage may make full demolition the more practical or economical route. Fortunately, the lot allows for fresh ideas—whether that means another single-family home, a multi-family structure, or even a light commercial property, depending on zoning and city approval.
Zoning Flexibility Opens the Door to Creativity
According to information provided to the seller, the current zoning is said to allow for single-family residential, multi-family, or light commercial use. While buyers should verify all details with the City of Brainerd, this broad range of possibilities dramatically increases the property’s potential.
A few examples of what could be possible include:
A renovated single-family residence with updated layouts, modern materials, and energy-efficient systems.
A duplex or triplex, appealing to investors seeking long-term rental income in a city where housing demand remains steady.
A small professional office, such as a wellness practice, boutique studio, or consulting space, leveraging the easy access to Highway 210 and nearby medical facilities.
A live/work property, combining residential comfort with workspace flexibility—ideal for artists, self-employed professionals, or microbusiness owners.
This versatility alone makes 224 N 5th St a standout opportunity in Brainerd, particularly at such an affordable price.
A Prime Northside Location Near Key Amenities
Location is often the deciding factor in real estate investments, and this property delivers convenience in several impactful ways. Only one block from Highway 210/Washington Street, the home offers seamless access to major routes through town. This is ideal for commuters, business owners, or tenants who rely on easy transportation connections.
Just as appealing is the property’s proximity to the Historic 11-acre Gregory Park—a beautifully maintained community centerpiece known for its mature trees, playgrounds, tennis courts, volleyball areas, and scenic walking paths.
Living near Gregory Park adds lifestyle value that is difficult to replicate: morning jogs under century-old oaks, weekend picnics, and a peaceful environment within steps of home.
Additionally, the property sits only five blocks from St. Joseph’s Medical Center, one of Brainerd’s major employers and a critical health resource for the region. Its closeness enhances the potential for both long-term rentals and convenient living for medical professionals.
A Large City Lot with Parking and Potential
The lot itself is a major highlight. It offers notable space for off-street parking, a premium in some neighborhoods, and includes a 14×24 detached garage with a 6-foot door height and 8-foot door width. While the garage may also require evaluation or updates, the footprint provides options for those who need storage, workshop space, or improved parking solutions.
The lot’s size also makes it suitable for expansions or new construction. Developers and builders will appreciate the ease of access to the site, the level terrain, and the flexibility to design a structure that maximizes square footage and income potential.
Land is one of the most stable real estate investments available, and the combination of location, zoning, and affordability makes this particular parcel especially valuable.
Understanding the AS-IS Condition
The home has suffered fire damage, and the listing makes clear that it is being sold AS-IS. Buyers should expect to perform thorough inspections, consider structural evaluations, and determine whether renovation or demolition is the best path. This transparency in condition also ensures that the price accurately reflects the level of work needed.
For those familiar with restoration projects, this is an opportunity to bring a damaged property back to life—and in doing so, potentially create something of far higher value than the original price point. For others, the prospect of building new on an established lot may be the clearest path to an ideal outcome.
Ideal for Contractors, Developers, and Visionaries
At $43,900, this property is positioned for investment-minded buyers. While move-in-ready homes in Brainerd can carry premium prices, this property invites a different approach. Rather than purchasing someone else’s vision, you can shape your own from the ground up.
Contractors may see a profitable renovation or build-to-sell project. Developers may see a long-term income generator. First-time homebuyers with renovation experience may see a chance to enter the market at a lower cost and build equity over time. And business owners may find a spot that combines convenience with opportunity.
Final Thoughts: A Blank Slate Full of Possibility
The property at 224 N 5th St is more than a fire-damaged home—it is an opportunity to create something new in a desirable and growing part of Brainerd. With its flexible zoning, excellent location near Gregory Park and major roadways, proximity to St.
Joseph’s Medical Center, and attractively low purchase price, the lot stands out as a smart investment for anyone drawn to potential rather than perfection.
Whether restored, rebuilt, or entirely reimagined, this property is ready for someone with vision, creativity, and ambition. In a market where turnkey homes often dominate listings, this AS-IS offering is a refreshing reminder that the right buyer can see beyond present condition and recognize future value.
FROM ZILLOW
