1115 W Highway 7
Hutchinson, MN 55350
MLS #4758254

Commercial
  • 0.93acres
$485,000
Est. P&I payment: $1852.37/mo
1115 W Highway 7, Hutchinson, MN 55350
  • 1115 W Highway 7, Hutchinson, MN 55350 Photo 1
  • 1115 W Highway 7, Hutchinson, MN 55350 Photo 2
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Description for 1115 W Highway 7, Hutchinson, MN 55350
Property is a three tenant mall, current use is restaurant, dance studio, and HVAC service company. Contract for deed available!
MLS #4758254
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My Notes for MLS #4758254

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

Location

 
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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 11/23/2017 at 8:34am
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