2137 Vermillion St - Office/Residential FOR SALE


Hastings, MN 55033- Outlying Hastings
$450,000 USD
763-999-1285
2137 Vermillion St, Hastings, MN for Sale
$450,000 USD
Office/Residential - FOR SALE
1/3
null | Request Cap Rate

2137 Vermillion St
Hastings, MN 55033
Outlying Hastings


HIGHLIGHTS

  • HWY 61
  • Newer parking lot
  • Value add opportunity. 2 spaces currently rented month to month.

OVERVIEW

Versatile Commercial Building with Residential Component – Hastings, MN Great opportunity to own a commercially zoned property with residential flexibility in a high-visibility location just off Highway 61 in Hastings. Situated on 0.67 acres, this well-maintained 3,180 sq. ft. building offers a unique blend of income-generating uses with potential for owner occupancy or investment. Monument signage facing hwy 61. Newer parking lot. Currently, the property is partially leased to two tenants: Residential Unit: 1-bedroom, 1-bath apartment Commercial Unit: Office/showroom for a custom cabinetry, flooring, and tile business An additional vacant space, formerly occupied by an insurance agency, offers immediate upside potential for rental income or owner-user purposes. Property Highlights: Zoning allows for commercial with secondary residential use Strong visibility and easy access off Hwy 61 Ample lot size – 0.67 acres with parking flexibility Ideal for office, showroom, studio, or mixed-use applications Potential to expand or reconfigure based on future needs Whether you're an investor looking for a stabilized asset with growth potential or an entrepreneur seeking a live/work setup or owner-user opportunity, this property delivers versatility in a strategic location.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,081 SF

ZONING

-

APN/PARCEL ID

19-81700-01-090

ASK ABOUT THIS PROPERTY

Dan McGuireHSC Business BrokersMore Info
763-999-1285

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

Dan McGuireHSC Business BrokersMore Info
763-999-1285

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