100 Sibley St - Restaurant FOR SALE


Hastings, MN 55033- Downtown Hastings
$750,000 USD
952-260-0330
100 Sibley St, Hastings, MN for Sale
$750,000 USD
Restaurant - FOR SALE
1/27
null | Request Cap Rate

100 Sibley St
Hastings, MN 55033
Downtown Hastings


HIGHLIGHTS

  • Rare second generation restaurant opportunity in the heart of historic downtown Hastings with approximately 6,000 SF across two levels | Bonus 3000sqf
  • Two full commercial kitchens—one on each floor—ideal for a restaurant, catering business, or food production concept.
  • Second-floor dining or event space featuring scenic views of the Mississippi River Valley, creating a memorable guest experience.
  • Convenient customer access with ample parking located directly across the street in a city-owned lot.
  • Lease-to-own opportunity available, allowing operators to establish their business now with potential for future ownership.

OVERVIEW

Rare restaurant opportunity in the heart of historic downtown Hastings. This two-level building, originally constructed in 1900, offers approximately 6,000 square feet available for lease or for sale and is well suited for a restaurant, catering operation, or retail concept. The property features two full kitchens—one on each floor—creating an ideal setup for food service, catering, or private events. The second floor provides additional dining or event space with scenic views of the Mississippi River Valley, offering a unique atmosphere for guests. Ample parking is conveniently located directly across the street in a city-owned lot, making access easy for customers and staff. Flexible terms include a lease-to-own option, presenting an excellent opportunity for an operator seeking to establish their business with the potential for future ownership. Lease - Delivery Condition • As-Is, with the following Landlord improvements prior to tenant occupancy: • Upgrade of the existing lift from the first floor to the second floor; approved by the state inspector. • Installation of new HVAC units for the first-floor space. • Installation of new ceiling grid in the first-floor kitchen. • Exterior painting and associated improvements of alley wall. • Walk-In coolers shall be in working condition upon Tenant Delivery. • Other Landlord work per City-approved permit drawings dated January 8, 2025.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

19-32150-04-083

ASK ABOUT THIS PROPERTY

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952-260-0330

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Scott NaaszeXp CommercialMore Info
952-260-0330

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