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14 Main St S 7,656 SF 25% Leased Retail Building Hutchinson, MN 55350 $525,000 ($68.57/SF)
INVESTMENT HIGHLIGHTS
- Retail/restaurant main level; three, one-bedroom apartments second level, fully leased
- Lower level: approx. 5000 SF, includes utilities, on-demand water heater & tank, beer cooler, and lots of storage
- High visibility along Main Street in downtown Hutchinson across from North Park
- Restaurant space, occupancy100, has large front windows, brick fireplace, wood flooring
- Street parking and rear public parking lot
- Less than one hour west of Twin Cities metro
EXECUTIVE SUMMARY
Property Overview
This mixed-use property offers excellent Main Street visibility with retail storefront on the main level and three one-bedroom apartments on the upper floor. Main level retail, former restaurant space, had occupancy for 100. Walkable to restaurants, shops and downtown amenities. Opportunity to operate your business or lease to restaurant/retail on main floor, with apartment income above.
Property Highlights
• Main Street retail/restaurant space is available for tenant or owner. Second level has three one-bedroom apartments that are fully leased
• Main level has large front windows, brick fireplace, wood flooring, two 8-12 ft kitchen hoods, walk in cooler and freezer and service counter
• Lower level: approx. 4800 SF, includes utilities, on demand water heater & cooler, lots of storage plus beer cooler
• Building has rear access for customers, deliveries, lower level and separate rear access for apartments
• Permitted Uses Include: Trade and services: retail, personal service business; cultural facilities; trade and business schools, catering establishments; employment agencies; game and amusement arcades; hotels and motels; interior decorating services; ad sales; restaurants, taverns; and upper-level apartment units
• High visibility along Main Street in downtown Hutchinson across from North Park and less than one hour west of Twin Cities metro.
This mixed-use property offers excellent Main Street visibility with retail storefront on the main level and three one-bedroom apartments on the upper floor. Main level retail, former restaurant space, had occupancy for 100. Walkable to restaurants, shops and downtown amenities. Opportunity to operate your business or lease to restaurant/retail on main floor, with apartment income above.
Property Highlights
• Main Street retail/restaurant space is available for tenant or owner. Second level has three one-bedroom apartments that are fully leased
• Main level has large front windows, brick fireplace, wood flooring, two 8-12 ft kitchen hoods, walk in cooler and freezer and service counter
• Lower level: approx. 4800 SF, includes utilities, on demand water heater & cooler, lots of storage plus beer cooler
• Building has rear access for customers, deliveries, lower level and separate rear access for apartments
• Permitted Uses Include: Trade and services: retail, personal service business; cultural facilities; trade and business schools, catering establishments; employment agencies; game and amusement arcades; hotels and motels; interior decorating services; ad sales; restaurants, taverns; and upper-level apartment units
• High visibility along Main Street in downtown Hutchinson across from North Park and less than one hour west of Twin Cities metro.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,656 SF
Building Class
C
Year Built/Renovated
1911/2020
Price
$525,000
Price Per SF
$68.57
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.26
Lot Size
0.14 AC
Zoning
C-1 - Commercial Business Distr
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23.050.0540 | Total Assessment | $439,900 |
| Land Assessment | $87,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $352,800 | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
23.050.0540
Land Assessment
$87,100
Improvements Assessment
$352,800
Total Assessment
$439,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
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14 Main St S
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