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    402 Old Highway 61 Hinckley, MN 55037

    Sponsored
    For Sale
    $274,900

    Versatile building, prime location, unfinished basement.

    Property size:
    2,288 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional commercial property, located at 402 Old Hwy 61 S in Hinckley, Minnesota, presents a unique investment opportunity. The building boasts a substantial 2,288 square feet of space, offering ample room for a variety of commercial ventures. Its strategic location on Old Hwy 61 S ensures high visibility and accessibility for customers. The property sits on a 0.31-acre lot, providing sufficient space for parking and potential expansion. A key feature is the full, unfinished basement, presenting significant potential for additional development or storage. The existing structure is well-maintained, reflecting a commitment to quality construction. The design incorporates the possibility of drive-through capabilities, making it suitable for businesses requiring this type of access. This versatile building is ready for immediate occupancy and offers a multitude of possibilities for entrepreneurs and investors seeking a strong foothold in the Hinckley market. The asking price is $274,900. This represents an excellent value for a well-located, spacious commercial building with significant upside potential. Don't miss this chance to acquire a prime commercial property in a thriving community.

    Property Features for 402 Old Highway 61

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,288 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1994
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Hinckley
    County
    Pine
    State
    Minnesota
    Longitude
    -92.94376
    Latitude
    46.01237

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile building, prime location, unfinished basement.
    Where is this commercial real estate located?
    The property is located at 402 Old Highway 61 Hinckley, MN.
    What is the asking price?
    The asking price for this property is $274,900.
    (320) 384-7467
    Request Owner's contact information
    402 Old Highway 61 Hinckley, MN 55037
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    Hinckley, MN 55037
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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
    402 Old Highway 61 Hinckley, MN 55037
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