Downtown Multifamily and Mixed-Use
For Sale
Contact for pricing
17 E 2nd Ave, Hutchinson, KS 67501
Historic Hutchinson properties with diversified income streams in revitalized corridor.
Property Size131,718 SF
Price / SF$30.37
Days on Market235
Property Features for 17 E 2nd Ave
General Information
Standard status
Active
Size
131,718 SF
Property subtype
Multifamily, Office, Retail
Occupancy
90%
Building Details
Year Built
1954
Year Renovated
2024
Buildings
2
Stories
12
Units
96
Tenancy
Multi
Listing Agency:
Midwest CRE Advisors, LLC
Listed By:
Logan Freeman · License #2017044342
Source:
Crexi
Added: Feb 4
Changed: Sep 26
Last Checked: Sep 26 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midwest CRE Advisors, LLC
Investment Insights
Based on property information with market context.
Plaza Towers and Leon Place comprise a downtown multifamily and mixed-use portfolio located along East 2nd Avenue in the heart of Hutchinson, Kansas. The two historic properties total 96 multifamily units supported by 13 commercial spaces including office, retail, and event use. This creates 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. The property size is 131718 square feet.
Key Highlights
- Landmark downtown multifamily and mixed‑use portfolio in the heart of Hutchinson, Kansas.
- Diversified income streams from 96 multifamily units and 13 commercial spaces.
- Value‑add renovations preserving architectural character and historic appeal.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
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Business Placement
Demographics for 67501, KS
24,779
Population
11,075
Households
2.2
Avg Household Size
37
Median Age
11%
College-Educated
85%
High-School Grad
188.0 sq mi
ZIP Area
132
Density / Sq Mi
$50,069
Median Household Income
$29,008
Median Earnings
$865
Median Rent
$86,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic Hutchinson properties with diversified income streams in revitalized corridor.
Where is this mixed-use property located?
The property is located at 17 E 2nd Ave Hutchinson, KS.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Landmark downtown multifamily and mixed‑use portfolio in the heart of Hutchinson, Kansas.; Diversified income streams from 96 multifamily units and 13 commercial spaces.; Value‑add renovations preserving architectural character and historic appeal.
