197 3Rd Ave, Hutchinson, MN 55350
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.