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Call (763) 576-8286 for assistance
Call (763) 576-8286 for assistance
540 3rd Avenue NW Hutchinson
Active
Listed
$450,000
MLS# 5286678
Commercial / Industrial/Warehouse
Built 1960
0.57 acres
Hutchinson schools
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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
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CrossCountry
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TruStone
Justin Larson
Loan Officer
Movement Mortgage NMLS#1490922
Justin, the "Mortgage Man", is a senior loan officer who works with one of the nation top mortgage companies, Movement Mortgage! Justin has a dedicate team to streamline the home loan process. As a Veteran of Operation Iraqi Freedom and Eagle Scout he has a "service to others" attitude that put him well above his peers in the mortgage industry. Honesty, trust and friendship through solid and open communication is how he has built his success in the industry.
The American Dream of owning a home is one of the largest purchases of most people lives. It’s a long process that can be frustrating, scary, and really confusing. He experienced this when purchasing his first couple of homes and looking back he wished he had a friend that would take the time to educate him on the best options for him and his family. This is the driving force of why I got into this industry.
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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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.