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Rented Multifamily Property

702 Fire Monument Road, Hinckley, MN 55037

For Sale
New
$329,000

Commercial Sale, Hinckley, MN

Property SizeContact for details
Lot Size0.61 Acres
Days on Market2

Property Features for 702 Fire Monument Road

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial, Residential-Multi-Family
Accessibility Accessible Approach with Ramp
High school district Hinckley-Finlayson
Directions At the Hickley I-35 exit go East 1 mile. Property is on the south side. (or right side as you're heading East)
Standard status Active
APN 0400005002
Lot size 0.61 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3158

Utilities

Heating system Baseboard, Forced Air
Water source Well

Building Details

Year built 1972
Listing Agency: Local Realty Inc.
Listed By: Tim Davis
Added: Nov 11 Last Checked: Nov 12 at 7:06AM
MLS# 7171845

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This multifamily property dates to 1972 and sits on 0.61 acres at 702 Fire Monument Road. Heating is provided by baseboard and forced-air systems, and the site has a well and an accessible approach with a ramp. The property is fully rented.

The site is described as lying between I-35 and Grand Casino, along a section of Fire Monument Road averaging more than 6,000 vehicles per day.

Key Highlights

  • 0.61‑acre parcel at 702 Fire Monument Road
  • Fully rented property
  • 1972 construction

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

100%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

102
Businesses Nearby

Demographics for 55037, MN

5,057
Population
3,117
Households
1.6
Avg Household Size
43
Median Age
13%
College-Educated
90%
High-School Grad
306.4 sq mi
ZIP Area
17
Density / Sq Mi
$61,319
Median Household Income
$33,465
Median Earnings
$975
Median Rent
$206,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The property is fully rented and occupies a 0.61-acre parcel along Fire Monument Road.
Where is this multifamily property located?
The property is located at 702 Fire Monument Road Hinckley, MN.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 0.61‑acre parcel at 702 Fire Monument Road; Fully rented property; 1972 construction
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