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407 Vermillion St 3,066 SF 100% Leased Office Building Hastings, MN 55033 $461,467 CAD ($150.51 CAD/SF)

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 | - | - | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 19-32150-29-041 | Improvements Assessment | $322,601 CAD |
| Land Assessment | $63,328 CAD | Total Assessment | $385,929 CAD |
Property Taxes
Parcel Number
19-32150-29-041
Land Assessment
$63,328 CAD
Improvements Assessment
$322,601 CAD
Total Assessment
$385,929 CAD
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Videos
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Photos
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Street
Map
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Presented by
Compass Minnesota
407 Vermillion St
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