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$950,000   Price Analysis
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35 Washington Ave
Hutchinson, MN 55350
4 bed 5 bath 18,080 SqFt ($52/SqFt)
0.29 acre lot. Built 1937
Listed 2022-09-26
May be USDA loan restricted due to income limits
near Hutchinson

Remarkable Property with Luxury Suites and Commercial Space in excellent Downtown Hutchinson Location!

4 Units available. Each are 1 Bedroom/ 1 Bathroom with Laundry in each unit. In Floor Heat, Deck outside for Rooftop enjoyment and 3 Car Garage. This Building also has 3 Movie Theatre Screens, a furnished space rented out to a Hair Stylist along with an unfinished area of 1, 600 sq.

ft currently used as storage, however, could be a Fabulous Store Front, Theatre Expansion or Bonus Area of your Choice. Great Opportunity for someone to Own a Well-K nown Theatre and Live onsite. Call today for More Details and a Private Tour!


Presented by Jenna Vikse at
Jane Vikse Real Estate.
Listing Agent Photo

Property MLS #6263574 from NorthstarMLS

Bedrooms: 4

Basement Features: Owner Access, Storage Space, Unfinished

1/2 Bathrooms: 1
3/4 Bathrooms: 4

Fuel Expense: 2500.00
Heating Features: In-Floor Heating
Heating Fuel: Natural Gas

Brick/Stone

Land Lease Amount Frequency: No
Lot Size Acres: 0.29
Lot Size Dimensions: 127x162
Lot Size Square Feet: 12632

Garage Spaces: 3
Parking Features: Attached Garage, Paved Lot
Garage Dimensions: 32 x 22
Garage Sqft: 704

Association: No
Association Amenities: Elevator(s), Patio
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 4500.00

Gross Income: 50400.00
Tenant Pays: Electric

Number of Units: 4

School District: 423 - Hutchinson

Hutchinson Park Elementary School is a public elementary school located approximately 0.2 miles away.
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Hutchinson Senior High School is a public high school located approximately 1.3 miles away.
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Hutchinson Middle School is a public middle school located approximately 1.5 miles away.
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Maplewood Academy is a private high school located approximately 0.6 miles away.
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Annual Tax Amount: 34852.00
Source Listing Status: Active
County: McLeod
Directions: If Driving from Hwy 7 or Hwy 22, head south on Main Street/ Hwy 15. Turn left onto Washington Ave E. Theatre & State Apts are on the left.
Tax Year: 2022
Source Property Type: Multi-Family
Insurance Expense: 9000.00
Source Neighborhood: North Half, Hutchinson
Subdivision: North Half, Hutchinson
Trash Expense: 400.00
Zoning: Business/Commercial
Source System Name: C2C

Price Changed 2023-11-09
$950,000
NorthstarMLS
Listed 2022-09-26
$1,000,000
NorthstarMLS

Operating Expense: 10600.00

Total Square Feet Living: 18080
Above Grade Finished Area: 18080
Construction Materials: Brick
Foundation Area: 13334.00
Property Age: 87
Property Condition: Previously Owned
Roof: Asphalt Shingles
Levels or Stories: 2
Total Above Grade Sqft Area: 21064.00
Total Area Main: 14054.00
Total Below Grade Area: 7500.00

Electric Expense: 2500.00
Sewer: City Sewer/Connected
Water Sewer Expense: 4000.00
Water Source: City Water/Connected

Accessibility Features: Elevator
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.