Property Spotlight: 96-Unit Hutchinson Multifamily Portfolio | Workforce Housing, Mixed-Use Income & Stabilized Value-Add

In this Property Spotlight episode of The Kansas City Market Pulse, host Logan Freeman and Nick Morales take a deeper look at a landmark downtown Hutchinson, Kansas portfolio: 96 residential units and commercial space across two historic buildings.

Listed at $4 million for both properties, the portfolio pairs workforce housing with diversified commercial income and real operational upside.

Property Highlights:

• Two Buildings: Plaza Tower with 63 units and 11 commercial spaces, and the Leon with 33 units.
• Commercial Space: About 18,000 SF at Plaza Tower and 2,200 SF at the Leon.
• Plaza Tower: 12 stories, likely the tallest building within a 300-square-mile radius, with a ballroom of about 5,200 SF.
• The Upside: Lease up the commercial space and use the ballroom for events and weddings to add revenue.
• Downtown Momentum: An $18 million project is going in a few blocks away.

Tremendous upside for the right operator with a plan to lease up the commercial space.

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