Log In/Sign Up
Your email has been sent.
Landmark Downtown Hutchinson MF Portfoli 2 Multifamily Properties Offered at $4,000,000 in Hutchinson, KS
Investment Highlights
- 96-Unit Landmark Downtown Multifamily Portfolio Two historic, renovated assets anchoring Hutchinson’s Main Street corridor.
- Proven Value-Add Execution with Stabilized Occupancy Turned from ~58% occupancy to strong stabilized downtown performance.
- Diversified Income with Built-In Commercial Spaces 13 office, retail, and event suites providing multiple revenue streams.
- Limited Downtown Multifamily Supply + Strong Cash Flow Scarce renovated inventory in the CBD driving durable demand and NOI.
Executive Summary
Plaza Towers and Leon Place comprise a landmark downtown multifamily and mixed-use portfolio located along East 2nd Avenue in the heart of Hutchinson, Kansas. Together, the two historic properties total 96 multifamily units supported by 13 commercial spaces including office, retail, and event use, creating diversified income streams within Hutchinson’s revitalized Main Street corridor.
Originally developed as prominent early-20th-century hotels, both buildings have been thoughtfully repositioned through value-add renovations while preserving their architectural character and historic appeal. Ownership has executed extensive interior upgrades, building system improvements, and commercial space enhancements, transforming the portfolio from distressed conditions into stabilized downtown housing.
Plaza Towers operates as a mixed-use high-rise featuring renovated apartments, secured access, leased retail and office tenants, on-site amenities, and popular event spaces. Leon Place provides affordable downtown living with updated interiors, restored common areas, and functional building infrastructure. The portfolio benefits from strong walkability, proximity to Hutchinson’s major cultural anchors, and limited competitive multifamily supply within the historic district.
Originally developed as prominent early-20th-century hotels, both buildings have been thoughtfully repositioned through value-add renovations while preserving their architectural character and historic appeal. Ownership has executed extensive interior upgrades, building system improvements, and commercial space enhancements, transforming the portfolio from distressed conditions into stabilized downtown housing.
Plaza Towers operates as a mixed-use high-rise featuring renovated apartments, secured access, leased retail and office tenants, on-site amenities, and popular event spaces. Leon Place provides affordable downtown living with updated interiors, restored common areas, and functional building infrastructure. The portfolio benefits from strong walkability, proximity to Hutchinson’s major cultural anchors, and limited competitive multifamily supply within the historic district.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $4,000,000 | Number of Properties | 2 |
| Price / SF | $39.43 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 101,456 SF |
| Status | Active | Total Land Area | 0.57 AC |
| Price | $4,000,000 |
| Price / SF | $39.43 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 101,456 SF |
| Total Land Area | 0.57 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Plaza Towers
17 E 2nd Ave, Hutchinson, KS 67501 |
Multifamily | 69,036 SF | 1954 | - |
|
Leon Place Apartments
14 E 2nd Ave, Hutchinson, KS 67501 |
Multifamily | 32,420 SF | 1930 | - |
1 1
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Midwest CRE Advisors, LLC
Landmark Downtown Hutchinson MF Portfoli
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.