221 Freemont Avenue SE, 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:
8/06/2025
Overview
Description
Listing Details MLS# 6711796
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- Yes
- Other Parking Spaces
- 50
- 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
- Garage Stalls
- 0
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
- House Number
- 221
- Street Name
- Freemont
- Street Suffix
- Avenue
- Street Direction Suffix
- SE
- 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
- Assessment Balance
- 0
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
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- CEDAR ACRES SUB LOT-009 BLOCK-002
- Listing City
- Hutchinson
- Map Page
- 999
- Municipality
- Hutchinson
- School District
- Hutchinson
- School District Phone
- 320-587-2860
- Zip Plus 4
- 1756
- Property ID Number
- 232140100
- Tax Year
- 2024
- Tax Amount
- 12450
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 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!
- Directions
- Hwy 15 South, Right on Freemont to cul-de-sac
Accessible
- Hallways 42"+
- Yes
Air Conditioning
- Wall Unit(s)
- Yes
Amenities Shared
- Coin-op Laundry Owned
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Metal
- Yes
- Vinyl
- Yes
Financing Terms
- Trade
- Yes
Foundation
- Concrete Block
- Yes
Fuel
- Electric
- Yes
- Natural Gas
- Yes
Heating
- Hot Water
- Yes
Owner Pays
- Common Area Maintenance
- Yes
- Heat
- Yes
- Hot Water
- Yes
- Insurance
- Yes
- Janitorial Service
- Yes
- Lawn
- Yes
- Maintenance/Repair
- Yes
- Management
- Yes
- Pest Control
- Yes
- Repairs
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Parking Characteristics
- Parking Lot
- Yes
Sewer
- City Sewer/Connected
- Yes
Water
- City Water/Connected
- Yes
On Site Utilities
- Electric Separate
- Yes
- Heating Common
- Yes
- Hot Water Common
- Yes
CMU Style
- Apartments/Multi Family
- Yes
Current Use
- Residential
- Yes
Listing Office:
Rize Realty
Last Updated: August - 06 - 2025
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