Hutchinson, MN 55350

$2,450,000

Property Type: Commercial Lot Size (sq. ft.): 351,529 Status: Closed

Current Price: $2,450,000 List Date: 5/08/2025 Last Modified: 8/27/2026

Overview

Description

Welcome to an impeccably renovated property that epitomizes quality and care. With 12 units already beautifully updated in the past six months and the final six beginning renovations on June 1st, this property offers extensive modern enhancements. Enjoy peace of mind with newly run electrical lines to the garages, fresh garage doors and openers, new siding, and a sturdy new roof. Each deck has been meticulously redone, featuring new railings and waterproof flooring. Inside, you'll find freshly renovated units boasting new flooring, cabinets, and countertops. Kitchens have been opened up for a modern feel, eliminating outdated drop ceilings. Additional upgrades include new trim, doors, vanities, mirrors, and resurfaced bathtubs with new hardware. Enhanced lighting and electrical outlets complement the mostly new air conditioners, ensuring comfort and efficiency. Five units also feature charming electric fireplaces. This property promises a refined living experience with outstanding atte ... (Read more)

Listing Details MLS# 6717968

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 4500
Garage Stalls: 18
For Sale or Lease: For Sale
Acres: 8.07
Lot Dimensions: 32x29x232x297x229
Assessment Pending: No

Property Features

Accessible: None Air Conditioning: Wall Unit(s) CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Vinyl Financing Terms: Conventional Flooring: Carpet; Luxury Vinyl Tile Foundation: Concrete Block Fuel: Electric Heating: Baseboard Location Description: Free Standing On Site Utilities: Electric Separate Owner Pays: Common Area Maintenance; Grounds Care; Insurance; Lawn; Lawn; Sewer; Trash Collection; Water Pool Description: None Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Off Market Date: 2025-11-15
Closed Date: 2025-12-03
Sales Close Price: 2450000
Contingency: None
ListPrice: 2550000
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

Assessments

Tax With Assessments: 23350

Building Information

Building Finished SqFt: 9000

More Information

Income and Expenses

Annual Gross Income: 268872

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 1

No. of 1 Bedroom Units: Yes

Unit 2

No. of 2 Bedroom Units: 17

Unit Details

Total Units: 18

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# 6717968)