Landmark Downtown Hutchinson MF Portfoli Multi-Family FOR SALE


Hutchinson, KS
$4,000,000 USD
816-309-3582
, Hutchinson, KS for Sale
$4,000,000 USD
Multi-Family - FOR SALE
1/20
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Landmark Downtown Hutchinson MF Portfoli
Hutchinson, KS


HIGHLIGHTS

  • 96-Unit Landmark Downtown Multifamily Portfolio Two historic, renovated assets anchoring Hutchinson’s Main Street corridor.
  • Diversified Income with Built-In Commercial Spaces 13 office, retail, and event suites providing multiple revenue streams.
  • Proven Value-Add Execution with Stabilized Occupancy Turned from ~58% occupancy to strong stabilized downtown performance.
  • Limited Downtown Multifamily Supply + Strong Cash Flow Scarce renovated inventory in the CBD driving durable demand and NOI.

OVERVIEW

Plaza Towers and Leon Place comprise a landmark downtown multifamily and mixed-use portfolio located along East 2nd Avenue in the heart of Hutchinson, Kansas. Together, the two historic properties total 96 multifamily units supported by 13 commercial spaces including office, retail, and event use, creating diversified income streams within Hutchinson’s revitalized Main Street corridor. Originally developed as prominent early-20th-century hotels, both buildings have been thoughtfully repositioned through value-add renovations while preserving their architectural character and historic appeal. Ownership has executed extensive interior upgrades, building system improvements, and commercial space enhancements, transforming the portfolio from distressed conditions into stabilized downtown housing. Plaza Towers operates as a mixed-use high-rise featuring renovated apartments, secured access, leased retail and office tenants, on-site amenities, and popular event spaces. Leon Place provides affordable downtown living with updated interiors, restored common areas, and functional building infrastructure. The portfolio benefits from strong walkability, proximity to Hutchinson’s major cultural anchors, and limited competitive multifamily supply within the historic district.

ASK ABOUT THIS PROPERTY

Nick MoralesMidwest CRE Advisors, LLCMore Info
816-309-3582

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Nick MoralesMidwest CRE Advisors, LLCMore Info
816-309-3582

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