402 Old Hwy 61st S, Hinckley, MN 55037-8342
This exceptional commercial property, located at 402 Old Hwy 61 S in Hinckley, Minnesota, presents a unique investment opportunity. The building boasts a substantial 2,288 square feet of space, offering ample room for a variety of commercial ventures. Its strategic location on Old Hwy 61 S ensures high visibility and accessibility for customers. The property sits on a 0.31-acre lot, providing sufficient space for parking and potential expansion. A key feature is the full, unfinished basement, presenting significant potential for additional development or storage. The existing structure is well-maintained, reflecting a commitment to quality construction. The design incorporates the possibility of drive-through capabilities, making it suitable for businesses requiring this type of access. This versatile building is ready for immediate occupancy and offers a multitude of possibilities for entrepreneurs and investors seeking a strong foothold in the Hinckley market. The asking price is $274,900. This represents an excellent value for a well-located, spacious commercial building with significant upside potential. Don't miss this chance to acquire a prime commercial property in a thriving community.
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
Property description
Physical attributes from public recordsZoning & alternative use
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.