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Crossroads Center 275 33rd St W

16,800 SF 100% Leased Retail Building Hastings, MN 55033 $2,693,193 CAD ($160 CAD/SF) 6.14% Cap Rate

Storefront Properties Minnesota Hastings 275 33rd St W, Hastings, MN 55033

Investment Highlights

  • Hybrid Retail/Storage Facility & Adjacent Pad Site For Sale
  • 1.45-AC Pad Site
  • Great Small Investment Opportunity
  • 16,800 SF Multi-Tenant Development
  • Parking - 93 Surface Stalls
  • Adjacent to Coborn's Grocery Store

Executive Summary

HJ Development is marketing Hastings Crossroads Mall and the adjacent pad site for sale. The mall is a multi-tenant, hybrid retail/storage center, and the pad site (1.45-acres) is vacant. Located at the intersection of Red Wing Boulevard & 33rd Street West, the property is next to Coborn's grocery store. Current occupants include Snap Fitness and a VFW. The remaining mall consists of 59-card key access, climate controlled, self-storage units. Construction on a 160-unit, market rate, multi-family project for the 15-acres immediately to the west of the mall was completed in 2023. This is a great investment opportunity with the ability to purchase additional land adjacent to the mall. Financials available after signing a NDA. For more information please contact us directly.

Attachments

2024-02-02 Crossroads Mall Offering Summary

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
16,800 SF
Building Class
B
Year Built
1990
Price
$2,693,193 CAD
Price Per SF
$160 CAD
Cap Rate
6.14%
NOI
$165,458 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Land Acres
3.00 AC
Zoning
C-4
Parking
93 Spaces (5.54 Spaces per 1,000 SF Leased)

Amenities

  • Dedicated Turn Lane
  • Signage

Links

1 of 1

PROPERTY TAXES

Parcel Number 19-18402-01-030 Improvements Assessment $1,027,913 CAD
Land Assessment $729,971 CAD Total Assessment $1,757,884 CAD

PROPERTY TAXES

Parcel Number
19-18402-01-030
Land Assessment
$729,971 CAD
Improvements Assessment
$1,027,913 CAD
Total Assessment
$1,757,884 CAD
(952) 476-9400

  • Listing ID: 30738721

  • Date on Market: 2024-01-23

  • Last Updated:

  • Address: 275 33rd St W, Hastings, MN 55033

The Retail Property at 275 33rd St W, Hastings, MN 55033 is currently available For Sale. Contact HJ Development for more information.

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Crossroads Center | 275 33rd St W
(952) 476-9400 x

Crossroads Center | 275 33rd St W

Chris Moe

(952) 476-9400

(952) 476-9400

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