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$485,000 For Sale

1115 Highway 7 W
Hutchinson, MN 55350

3 units |

lot: 0.93 acres
Commercial: Commercial - MLS# 4914352
Property Photo

Description

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.

Features

  • Air Conditioning: Central
  • Annual Caretaker Expense: 575
  • Annual Electric Expense: 1700
  • Annual Gross Expense: 15679.00
  • Annual Gross Income: 69900.00
  • Annual Insurance Expense: 1750
  • Annual Net Income: 54221.00
  • Annual Repair Expense: 3600
  • Annual Trash Expense: 1000
  • Annual Water/Sewer Expen: 600
  • Building Finished Square: 10500
  • County/Area: Mcleod County
  • Exterior: Brick/Stone
  • Foundation Size: 100100
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Listing Status: Active
  • Lot Description: Irregular Lot, Corner Lot
  • Lot Dimensions: 0x0
  • Lot Size: 0.9300
  • Miscellaneous: 220 Volt
  • MLS ID: RMLS
  • Other Parking Spaces: 25
  • Parking Characteristics: Uncovered/Open
  • Postal City: Hutchinson (Mn)
  • Property Type: Commercial
  • Road Frontage: City, Us Highway
  • Sale Includes: Building
  • School District: 423 - Hutchinson
  • Sewer: City Sewer/Connected
  • Sub Type: Commercial
  • Tenant Expenses: Electric
  • Total Annual Expenses: 15679
  • Units: 3
  • Water: City Water/Connected
  • Year Built: 1978
  • Zip Code: 55350
  • Zoning: Business/Commercial

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