315 Main St North, Hutchinson MN $199,900
You will make a lot of friends too! Lest you forget, Hutchinson MN is a shopping mecca for a wide area, so the sojourners will need sustenance after they make their pilgrimage.
This is a former burger shop that has only had one owner. But this joint is waiting for you to make it a happenin’ place again. That should not be too hard, since it is located in the heart of Hutchinson MN. Also, the owner was nice enough to leave all of the equipment for you.
On top of all that (literally,) there is a nice apartment upstairs to rent out. If you prefer, you can live there, and you will never have to go out again. It has three bedrooms and a laundry.
Hutchinson MN commercial real estate opportunities like this one don’t come very often.
Vital Data:
- Foundation size is approximately 1,000 square feet
- Built in 1939
- Zero lot line
- Hutchinson MN real esate taxes are $1772
The locals will help you pay for a few things, too! The Hutchinson MN EDA is offering low interest loans for fix-up expenses. There are also generous grants available for storefront revitalization, signs, and awnings. Please call me at (320) 234-4404 for more details.
1. Low interest to fix up buildings with either 10 or 15 year repayment. The 15 year option is at prime, the 10 year is 2% below prime. Total to borrow is up to $65,000.
2. Store front revitalization – City will match (grant) up to $5,000 dollar for dollar for fixing store front windows, doors, brick tuck pointing, etc.
3. Sign and awning grant – the City pays up to $2,000 for sign and awning purchase, refurbishing, etc. without requiring borrower to contribute any money.
1. Low interest to fix up buildings with either 10 or 15 year repayment. The 15 year option is at prime, the 10 year is 2% below prime. Total to borrow is up to $65,000.
2. Store front revitalization – City will match (grant) up to $5,000 dollar for dollar for fixing store front windows, doors, brick tuck pointing, etc.
3. Sign and awning grant – the City pays up to $2,000 for sign and awning purchase, refurbishing, etc. without requiring borrower to contribute any money.
Possibly related:
{ 2 comments… read them below or add one }
Rachel Huls 02.10.09 at 10:27 pm
Greg, just can’t convince the sellers to move on the asking price. They keep telling me that if someone is interested they can bring an offer…what can I say? Ready to write an offer? Interested in taking anohter peek?
Rachel Huls 01.29.10 at 8:56 pm
Hi Jason, how can I contact you regarding a commercial building interest?
Rachel Huls
The HULS Team – RE/MAX
320-583-9711