612-805-5023
987 Echo Dr, Hutchinson, MN for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

987 Echo Dr
Hutchinson, MN 55350


HIGHLIGHTS

  • Solid Performance

OVERVIEW

Michel Commercial is pleased to present the Hutchinson Apartments — a well-maintained 36-home community located in Hutchinson, Minnesota. The property features an attractive unit mix with mostly two-bedroom layouts, complemented by thoughtful renovations and recent capital improvements. With a strong history of occupancy, the Hutchinson Apartments offers investors a reliable and well-performing asset in a growing submarket supported by consistent renter demand and long-term economic stability. Location & Connectivity Hutchinson Apartments benefits from a convenient central location with strong regional connectivity. Positioned near Highways 7, 15, and 22, the property offers direct routes throughout central Minnesota and easy access to the Twin Cities via Highway 7, which connects to Highway 25 and Interstate 494. Highway 15 also links north to U.S. Highway 10 and Interstate 94 near St. Cloud, providing additional access to major employment centers. This strategic location supports stable renter demand, reinforcing the property’s long-term investment appeal. Supply-Constrained Submarket Hutchinson Apartments is located in a stable, demand-driven market with limited new multifamily construction. With a growing population, strong and consistent renter demand, and minimal new housing supply, Hutchinson remains a stable submarket — positioning the property to maintain high occupancy. Investment Potential The Hutchinson Apartments represent a stable, income-producing asset within a growing rental market. Supported by recent unit renovations that align with renter preferences and steady local employment in healthcare, manufacturing, and education, the property is well positioned for continued rent growth and consistent returns.

FOR SALE DETAILS

PRICE

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# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hutchinson Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

Commercial

APN/PARCEL ID

23.212.0030

ASK ABOUT THIS PROPERTY

Heidi AddoMichel Commercial Real EstateMore Info
612-805-5023

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Heidi AddoMichel Commercial Real EstateMore Info
612-805-5023

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.