407 Vermillion St - Office FOR SALE


Hastings, MN 55033- Downtown Hastings
$325,000 USD
952-283-0897
407 Vermillion St, Hastings, MN for Sale
$325,000 USD
Office - FOR SALE
1/1
null | Request Cap Rate

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407 Vermillion St
Hastings, MN 55033
Downtown Hastings


OVERVIEW

Excellent investment and business opportunity in Hastings! This mixed-use property offers prime visibility on high-traffic Vermillion Street, providing outstanding exposure for a variety of business uses. The main-level commercial space is currently vacant and has been extensively renovated with new electrical, ceilings, lighting, flooring, fresh paint, and updated interior finishes, making it move-in ready for an owner-occupant or new tenant. The building also includes a leased two-bedroom apartment and a leased studio unit, creating immediate rental income. All residential tenants are currently on flexible month-to-month leases, offering additional flexibility for future plans. Conveniently located near downtown Hastings, the riverfront, restaurants, and local businesses. Property is being sold as-is.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

Business/Commercial

APN/PARCEL ID

19-32150-29-041

ASK ABOUT THIS PROPERTY

Miguel LopezCompass MinnesotaMore Info
952-283-0897

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Miguel LopezCompass MinnesotaMore Info
952-283-0897

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