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    197 3Rd Ave Hutchinson, MN 55350

    For Sale
    $200,000

    High-traffic corner lot, ideal for retail.

    Property size:
    400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This 0.2-acre commercial lot at 197 3rd Avenue NW in Hutchinson, MN, presents a unique investment opportunity. The property boasts 400 square feet of existing building space, including a full block basement, and a single-car detached garage with a dirt floor. Its C-5 zoning makes it perfect for a variety of retail ventures, such as an ice cream shop, coffee drive-thru, small restaurant, or similar businesses. The location is exceptionally advantageous, situated just one block from a long-established, high-volume Subway restaurant on busy MN State Highway 7. Traffic counts from 2019 MN DOT data show an impressive 12,300 vehicles traversing Highway 7 daily. Adding to its appeal, the property enjoys proximity to the popular MN State Luce Line paved multi-use trail, attracting significant bike and foot traffic. Nearby recreational amenities, including the Riverside ball field and the Gopher Campfire Wildlife Sanctuary, further enhance the area's foot traffic and visibility. This property offers high visibility and accessibility, making it an excellent choice for entrepreneurs seeking a thriving location for their business. The asking price is $200,000.

    Property Features for 197 3Rd Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    400 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hutchinson
    County
    McLeod
    State
    Minnesota
    Longitude
    -94.37526
    Latitude
    44.89624

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, ideal for retail.
    Where is this commercial real estate located?
    The property is located at 197 3Rd Ave Hutchinson, MN.
    What is the asking price?
    The asking price for this property is $200,000.
    (320) 296-9485
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    197 3Rd Ave Hutchinson, MN 55350
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    Hutchinson, MN 55350
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197 3Rd Ave Hutchinson, MN 55350
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