14 Main StHutchinson, MN 55350

  • Commercial real estate
  • 5,016 SF
For Sale
$535,000 View listing

Property Details for 14 Main St

Year built
1900
Property size (Sq ft)
5,016 SF
Property type
Commercial real estate
APN
23.050.0540
APU
230500540

Description

This exceptional mixed-use property at 14 Main Street South in Hutchinson, Minnesota presents a unique investment opportunity. Boasting 7,656 square feet on a 1.45-acre lot, this well-maintained building offers a vibrant blend of commercial and residential space. The main level features a prime retail/restaurant space ideal for a variety of businesses. Large front windows provide excellent street visibility, attracting customers from the high-traffic Main Street location directly across from North Park. The restaurant area is fully equipped with two 12-foot kitchen hoods, a walk-in cooler and freezer, a pizza oven, and a service counter. Fixtures, furniture, and equipment are negotiable separately and include hoods, a pizza oven, tables, chairs, coolers, freezers, a dishwasher, stainless steel prep tables, and stainless steel shelving/racks. The lower level provides ample storage, a break area, utilities, an on-demand water heater and tank, and a beer cooler. Convenient rear access is available for both deliveries and apartment access. Upstairs, three one-bedroom apartments offer additional income potential. Public parking is readily available both in front of the building and in an adjacent lot. This property benefits from its high visibility in downtown Hutchinson, less than an hour west of the Twin Cities metro area, making it an attractive location for both businesses and residents. The sale price is $535,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $945,096
    Hospitality
    $865,703
    Educational
    $720,255
    Medical
    $745,025
    Retail
    $1,120,396
14 Main St, Hutchinson, Minnesota

Location Insight

City
Hutchinson
County
Mcleod
State
Minnesota
Latitude
44.8918
Longitude
-94.3697
CBSA code
26780
CBSA name
HUTCHINSON, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$8,574
$87,100
$352,800
$439,900
-
$87,100
$352,800
$439,900

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