Financial
Distress signals
Property profile

197 3Rd Ave NW Hutchinson, MN 55350

FOR SALE
Other commercial real estate
Property ID
US46-2761655
400 SF 0.2 ac lot Built 1930
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Property summary

AI-generated overview

The property is a small, single-house restaurant building on a 0.2-acre corner lot, zoned C-5. The building includes a full block basement and is complemented by a detached single-car garage with a dirt floor. It is configured for small foodservice concepts consistent with C-5 zoning, such as an ice cream shop, coffee shop with drive-through, burger shop, or similar uses. The site is located one block from an established Subway along Minnesota State Highway 7 and is near pedestrian and biking…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.0
Restaurant17.9
Building Supply17.6

Location

197 3Rd Ave NW Hutchinson, MN 55350
County assessor · not on file Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
119 Main S, Hutchinson, MN 55350-2506 $160,000 Apr 2025 3,797 SF
141 Main S, Hutchinson, MN 55350-2506 $215,000 Mar 2025 3,116 SF
205 Jefferson SE, Hutchinson, MN 55350-2544 $287,500 Feb 2025 3,075 SF
43 Main N, Hutchinson, MN 55350-1805 $100,000 Feb 2025 290 SF
980 Echo SE, Hutchinson, MN 55350-3174 $325,000 Jan 2025 1,396 SF
45 Main N, Hutchinson, MN 55350-1805 $132,000 Nov 2024 1,912 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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