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    OFF-MARKET
    Commercial real estate

    197 3Rd Ave, Hutchinson, MN 55350

    400 SF 0.2 ac lot Built 1930
    Property ID
    US46-2761655
    Property summary
    AI-generated overview

    This 0.2-acre commercial lot at 197 3rd Avenue NW in Hutchinson, MN, presents a unique investment opportunity. The property boasts 400 square feet of existing building space, including a full block basement, and a single-car detached garage with a dirt floor. Its C-5 zoning makes it perfect for a variety of retail ventures, such as an ice cream shop, coffee drive-thru, small restaurant, or similar businesses. The location is exceptionally advantageous, situated just one block from a long-established, high-volume Subway restaurant on busy MN State Highway 7. Traffic counts from 2019 MN DOT data show an impressive 12,300 vehicles traversing Highway 7 daily. Adding to its appeal, the property enjoys proximity to the popular MN State Luce Line paved multi-use trail, attracting significant bike and foot traffic. Nearby recreational amenities, including the Riverside ball field and the Gopher Campfire Wildlife Sanctuary, further enhance the area's foot traffic and visibility. This property offers high visibility and accessibility, making it an excellent choice for entrepreneurs seeking a thriving location for their business. The asking price is $200,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1930
    Total area 400 SF
    Lot 0.2 ac (8,712 SF)
    UPID US46-2761655
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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