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Property profile & analytics
OFF-MARKET Estimated value $1,070,000
Strip malls

2420 Main St Hutchinson, KS 67502-3658

8,566 SF 0.69 ac lot Built 1954
Entity Owned Absentee Owner Free & Clear
Property ID
US33-0242556
Property summary
AI-generated overview

This exceptional retail investment opportunity presents a well-located 8,566 square foot shopping center situated on a 30,000 square foot lot at the busy intersection of North Main Street and 23rd Avenue/State Fair Road in Hutchinson, Kansas. The Class A property, built in 1954 and 1965, boasts a desirable C-4 zoning and currently enjoys 80% occupancy across its six units. Tenants include established businesses such as State Farm Insurance, Meridian Medical Offices, and Imperial Nutrition, with space available for two additional tenants. The center benefits from high visibility, with approximately 4,500 cars passing daily. Its strategic location is surrounded by a mix of local and national businesses, including First National Bank of Hutchinson, Kwik Shop, various restaurants, and national chains like Verizon, Dominoes, Subway, Dairy Queen, and Village Inn. The property's proximity to Morgan Elementary School and the Kansas State Fairgrounds (September) further enhances its appeal. Ample parking is available, including a large lot with handicap accessibility and angled street parking. Each suite features a back alley entrance and separate meters. Large, visible signage is also a key feature. The asking price is $425,000, translating to $49.61 per square foot. Pre-approved buyers only.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1954
Construction STEEL FRAME
Total area 8,566 SF
Lot 0.69 ac (30,056 SF)
APN 121-01-0-20-24-001.00
UPID US33-0242556
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
Current use
Occupant on record · Public records
  • Andy Fry - State Farm Insurance Agent Insurance Agency
  • Sugar Creek Boutique & Gifts Clothing & Fashion Store
  • CareCloud Medical Billing Service
  • Anna Crable: Allstate Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.07M
Owner & transaction history
NCR INVESTMENT LLC
NCR INVESTMENT LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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