114 Main StHutchinson, MN 55350

  • Commercial real estate
  • 12,604 SF
For Lease

Property Details for 114 Main St

Year built
1900
Property size (Sq ft)
12,604 SF
Property type
Commercial real estate
APN
23.477.0010
APU
234770010

Description

This exceptional Class A commercial property, Cornerstone Commons, is situated on a 0.4-acre lot at 114 Main St N, Hutchinson, MN 55350, conveniently located near 1st Avenue in the heart of historic downtown. The single, two-story building encompasses 22,339 square feet and is zoned C3. The property features a diverse mix of existing tenants, including medical, office, and retail businesses, creating a vibrant and established environment. Multiple tenancy options are available, ranging from executive suites as small as 176 square feet to larger spaces up to 2,053 square feet, providing flexibility for various business needs. The building's classification as Class A reflects its high-quality construction and amenities. This prime location offers excellent visibility and accessibility, making it an ideal investment opportunity for businesses seeking a presence in a thriving downtown area. The property's diverse tenant mix ensures a stable income stream, while the available spaces offer significant potential for growth and expansion. This is a rare opportunity to acquire a well-established, high-quality commercial property in a desirable location. The building's versatile layout caters to a wide range of businesses, from medical practices and traditional offices to retail establishments. Contact us today to learn more about this exceptional property and the available leasing opportunities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,374,799
    Hospitality
    $2,175,303
    Educational
    $1,809,827
    Medical
    $1,872,070
    Retail
    $2,815,286
114 Main St, Hutchinson, Minnesota

Location Insight

City
Hutchinson
County
Mcleod
State
Minnesota
Latitude
44.8937
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
$41,488
$261,400
$1,360,800
$1,622,200
-
$261,400
$1,360,800
$1,622,200

FAQs

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