Call Us Contact
COVID-19 UPDATE:
How does the pandemic impact me?

My notes for this property


Add listing to my favorites (required)
Active
Listed
$450,000
/mo   Edit
MLS# 5286678
Commercial
Built 1960
0.57 acres
Hutchinson schools
My rating:
Request a Showing:
Agent
Ask the Agent

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.







    Thank You!

    An agent will be in contact with you soon to answer your question.

    Description:   This well constructed block, tilt up concrete, commercial/warehouse property is conveniently located along the E/W Hwy 7 corridor on the north side of Hutchinson. Property can be easily demised for multi-tenant application and would work well for general warehousing, light industrial, last mile delivery, storage and other commercial uses. Originally built in 1960 with significant additions in 1980 and 1990 inc 3 phase/220 power and 4 loading access doors (3 DI and 1 dock) on 2 acres of land, with 13 ft clear height, and offers a great deal of value and versatility well into the future. Industrial sites borders on the E/W sides, with office to the north and a wildlife refuge borders to the south. Plenty of onsite and street parking surrounding, with about a half acre of open land on the south side for potential expansion or additional parking. Current tenant lease expires 3/2022 with some flexibility to a buyer who may want up to 10, 000 SF.
    List Price: $450,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Industrial/Warehouse
    Year Built: 1960
    City: Hutchinson
    County: McLeod
    State: MN
    Zip Code: 55350

    Interior

    Building Fin Sq Ft: 21,016 ft²
    Appliances Included: Air-To-Air Exchanger
    Total Ranges: None
    Total Refrigerators: None
    Basement Details: None

    Exterior

    Air Conditioning: Wall Unit(s)
    Heating System: Forced Air, Space Heater
    Foundation Size: 21,016 ft²
    Shared Amenities: Fire Sprinkler System, Concrete Floors & Walls
    Road Frontage: City Street, Paved Streets, Curbs
    Handicap Accessible: None
    Exterior Material: Block, Other
    Garage Spaces: 3
    Other Parking Spaces: 6
    Roof Details: Flat, Rubber

    Lake/Waterfront

    Lake/Waterfront: River View
    Lake/Waterfront Name: Crow River - South Fork
    DNR Lake ID#: S9990501
    Waterfront Slope: Gradual
    Lake Acres: 0
    Lake Depth: 0

    Lot

    Acres: 0.57
    Lot Description: Irregular Lot
    Latitude: 44.89567960
    Longitude: -94.38049460
    Lot Size Dim.: Irregular
    Zoning: Business/Commercial

    Schools

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

    Expenses

    Annual Insurance Expense: $3,200
    Total Annual Expenses: $18,000
    Owner Expenses: Taxes, Insurance, Lawn, Snow
    Tenant Expenses: Water, Electricity, Fuel, Repairs, Janitorial Service, Trash Collection, Snow Removal, Grounds Care, Cable TV

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $11,548
    Assessment Pending: No
    Taxes w/ Assessments: $11,548

    Income

    Annual Gross Income: $60,000

    Unit

    Total Units: 1

    Miscellaneous

    Current Use: Commercial
    Fuel System: Natural Gas
    Miscellaneous: 220 Volt, Three Phase
    Sale Includes: Building, Land
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate
    Utilities: Heating Separate
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Get to know our Home Mortgage Professionals

    Jeff
    Zajac
    TruStone
    Justin
    Larson
    Movement
    Jason
    Roaldson
    CrossCountry
    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
    763-270-4336

     Residential Loan Pre-Qualification Form

    To get started on your loan pre-qualification, please complete the form below. A loan officer will need to gather additional information in order to determine your eligibility for a loan.

    to

    I would like to get pre-qualified:  

    I am interested in buying:  

    I plan to use my new home as:  

    I want to finance using:  

    Loan term:  

    I am interested in down payment assistance:  

    Down payment amount:  

    I am married:  

    I am currently renting:  

    My credit score:  

    Comments/Questions:  

    Listing provided by RMLS, courtesy of Keller Williams Realty Integrity Northwest.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.