2420 Main St Hutchinson, KS 67502-3658
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.
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Andy Fry - State Farm Insurance Agent Insurance Agency
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Sugar Creek Boutique & Gifts Clothing & Fashion Store
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CareCloud Medical Billing Service
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Anna Crable: Allstate Insurance Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.