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Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,066 SF
Building Class
C
Year Built
1900
Price
$461,467 CAD
Price Per SF
$150.51 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,533 SF
Building FAR
1.41
Lot Size
0.05 AC
Zoning
Business/Commercial

Amenities

  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Stepan Agency Inc
  • Finance and Insurance
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Stepan Agency Inc Finance and Insurance - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
19-32150-29-041
Land Assessment
$63,328 CAD
Improvements Assessment
$322,601 CAD
Total Assessment
$385,929 CAD
  • Listing ID: 41075340

  • Date on Market: 2026-06-26

  • Last Updated:

  • Address: 407 Vermillion St, Hastings, MN 55033

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