Property profile

108 1St Ave NE Hutchinson, MN 55350

FOR LEASE
Commercial real estate
Property ID
US46-2021279
5,920 SF Built 1900
Trust Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,040 square foot free-standing retail building is ideally located at 108 1st Ave NE in Hutchinson, Minnesota, zip code 55350. Currently entirely vacant, this property presents a unique opportunity for a single tenant or multiple tenants seeking a prominent location in a thriving market. The building boasts a modern and well-maintained exterior, complemented by a versatile interior layout suitable for a wide range of retail uses. Ample parking is available, ensuring convenient access for both employees and customers. The property's strategic placement offers excellent visibility from major thoroughfares, maximizing exposure and attracting significant foot traffic. Its prime location within Hutchinson provides easy access to the city's amenities and a strong customer base. This is an exceptional opportunity to establish a strong commercial presence in a dynamic and growing area. The entire 6,040 square feet is available for lease, offering flexibility for businesses of various sizes and needs. The property's modern design and convenient location make it an attractive option for businesses seeking a high-profile location in Hutchinson, Minnesota. This represents a rare chance to secure a well-maintained, highly visible retail space in a desirable market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 5,920 SF
APN 23.060.0020
UPID US46-2021279

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

108 1St Ave NE Hutchinson, MN 55350
Hutchinson metro Census 950402 HUTCHINSON, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$691k
Blend (final) Blend
$350k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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