1115 W Highway 7
Hutchinson, MN 55350

  • 0.93acres
Est. P&I payment: $1852.37/mo
1115 W Highway 7, Hutchinson, MN 55350
Description for 1115 W Highway 7, Hutchinson, MN 55350
Investment or owner occupant opportunity! Three tenant mall, current use is restaurant, dance studio, and HVAC service company. All three businesses are LONG standing tenants! Two on flexible lease terms; opportunity for renegotiation of lease terms or take possession of a unit for your business and keep other two tenants to offset overhead. Extremely well maintained building and property. Businesses NOT for sale.
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My Notes for MLS #4914352

General Features

  • Acres: 0.93
  • Current Use: Commercial
  • Foreclosure Status: No
  • Year Built: 1978
  • Sale Includes: Building
  • Total Number of Units: 3
  • Status: Active

Exterior Features

  • Exterior: Brick/Stone
  • Parking Characteristics: Uncovered/Open
  • Road Frontage: City,​US Highway
  • Lot Description: Irregular Lot,​Corner Lot
  • Other Parking Spaces: 25

Interior Features

  • Building Finished Square: 10,500
  • Handicap Accessible: None
  • Basement: None
  • Roof: Other

Utilities Features

  • Air Conditioning: Central
  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Caretaker Expense: 575
  • Annual Electric Expense: 1,700
  • Annual Insurance Expense: 1,750
  • Annual Repair Expense: 3,600
  • Annual Gross Expense: 15,679
  • Total Annual Expenses: 15,679
  • Annual Trash Expense: 1,000
  • Annual Water/Sewer Expense: 600
  • Tenant Expenses: Electric
  • Annual Net Income: 54,221
  • Tax Amount: 13,466
  • Tax With Assessments: 13,466
  • Tax Year: 2016
  • Annual Gross Income: 69,900

Community Features

  • County: Mcleod
  • Municipality: Hutchinson
  • Postal City: Hutchinson (MN)

School Features

  • School District: 423 - Hutchinson
  • School District Phone: 320-587-2860

Misc Features

  • Foundation Size: 100,100
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No


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Directions to 1115 W Highway 7, Hutchinson, MN 55350
Hwy 7 West side of Hutchinson
The listing information for 1115 W Highway 7, Hutchinson, MN 55350 was graciously provided by our friends at the listing brokerage, Premier Real Estate Services

Get Financing for 1115 W Highway 7, Hutchinson, MN 55350

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $1852.37
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Last Updated 03/24/2018 at 3:44pm
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