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Property profile & analytics
OFF-MARKET
Industrial properties
1105 Benjamin Ave, Hutchinson, MN 55350-7020
Entity Owned
1-yr Hold
Free & Clear
Property ID
US46-2405570
Property summary
AI-generated overview
This exceptional 62,000-square-foot industrial warehouse, constructed in 2021, is situated on a 7-acre lot in Hutchinson, Minnesota, a business-friendly and growing community approximately an hour from Minneapolis. The property boasts a six-story structure with three available suites ranging from 8,000 to 35,000 square feet, offering flexibility for various business needs. Each suite benefits from a remarkable 24-foot ceiling height, providing ample vertical space for storage or specialized equipment. The building is equipped with robust 1,200-amp 480v/277v power, ensuring sufficient capacity for demanding operations. Convenient on-site parking is provided with 30 spaces. The property's prime location and modern features make it an ideal choice for businesses seeking efficient and spacious warehouse facilities in a thriving community. The address is 1105 Benjamin Ave S, Hutchinson, MN 55350. This is a multi-tenant property.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Total area
58,095 SF
APN
23.494.0020
UPID
US46-2405570
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Miller Manufacturing Co · 1 yrs held
Miller Manufacturing Co
since 2025
Last sale
$4.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hutchinson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hutchinson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$62,508
Tax year 2022
Assessed value
$2,218,000
Assessed 2022
Previous assessed
$1,639,900
+35.3% YoY
Effective rate
2.82%
On assessed value
Assessed land
$326,700
Assessed improvement
$1,891,300
Land market value
$326,700
Improvement market value
$1,891,300
Total market value
$2,218,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1900
Stories
1
Total area
58,095 SF
APN
23.494.0020
UPID
US46-2405570
Jurisdiction
MCLEOD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Stories
1
Current owner
From public records · entity-resolved
Miller Manufacturing Co
Entity
Free & Clear · 1 yrs held
Mailing address
24054 MINNESOTA HWY 22, LITCHFIELD, MN 55355-5830
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
$4,646,500
Miller Manufacturing Co
Droptine Properties LLC
Warranty Deed
—
Nov 1, 2021
—
Droptine Properties LLC
—
Deed
related
$800,000 · Center National Bank
Jan 20, 2021
—
Droptine Properties LLC
—
Deed
related
$1,744,800 · Center National Bank
Jul 16, 2020
—
Droptine Properties LLC
City Of Hutchinson
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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