Hutchinson, MN 55350

$2,180,000

Property Type: Commercial Lot Size (sq. ft.): 226,512 Status: Closed

Current Price: $2,180,000 List Date: 4/29/2025 Last Modified: 8/27/2026

Overview

Description

Welcome to 221 & 231 Freemont Ave SE in Hutchinson! This exceptional multifamily property features 24 fully rented units, making it a fantastic investment opportunity for any savvy buyer. Ideally situated in a prime, highly rentable location, this property boasts an extremely low vacancy rate, ensuring consistent cash flow and reliable returns. The units are beautifully furnished, providing tenants with a comfortable living experience that encourages long-term occupancy. The property is supported by phenomenal property management, with the current management team potentially willing to stay on for a smooth transition, offering peace of mind to the new owner. Don’t miss out on this rare opportunity to acquire a well-maintained asset in a thriving market. Whether you're an experienced investor or looking to expand your portfolio, 221 & 231 Freemont Ave SE is a must-see!

Listing Details MLS# 6711796

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 50
Waterfront YN: No
Year Built: 1984
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 3956
For Sale or Lease: For Sale
Acres: 5.2
Lot Dimensions: 183x250
Assessment Pending: No

Property Features

Accessible: Hallways 42"+ Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Metal; Vinyl Financing Terms: Trade Foundation: Concrete Block Fuel: Electric; Natural Gas Heating: Hot Water On Site Utilities: Electric Separate; Heating Common; Hot Water Common Owner Pays: Common Area Maintenance; Heat; Hot Water; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Management; Pest Control; Repairs; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date: 2025-07-01
Closed Date: 2025-06-30
Sales Close Price: 2180000
Contingency: None
ListPrice: 2400000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Hutchinson
County: McLeod
State: MN
Zip Code: 55350
Complex/Dev/Subdivision: Cedar Acres Sub

Additional Parcels Information

Property ID #2: 232140110

Assessments

Tax With Assessments: 12450

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Land

Unit 1

No. of 1 Bedroom Units: 2

Unit 2

No. of 2 Bedroom Units: 22

Unit Details

Total Units: 24

Listing Office: Rize Realty

Last Updated: August - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

, Hutchinson, MN 55350 (MLS# 6711796)