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1309 Vermillion St

8,000 SF Retail Building Hastings, MN 55033 $1,949,873 CAD ($244 CAD/SF) 8.89% Cap Rate

Banks Minnesota Hastings 1309 Vermillion St, Hastings, MN 55033

INVESTMENT HIGHLIGHTS

  • Second Generation Restaurant with full kitchen and drive thru
  • Building was originally a bank. Extensively renovated into a restaurant in 2020
  • High visibility with over ±32,000 vehicles per day
  • Leased for 5 years, Landlord/owner has option terminate lease

EXECUTIVE SUMMARY

Broker of Record
Kurt Sauer
License No. 40841922 (MN)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
1979/2020
Price
$1,949,873 CAD
Price Per SF
$244 CAD
Cap Rate
8.89%
NOI
$173,344 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.17
Lot Size
1.09 AC
Zoning
C
Parking
75 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
80 ft on Sibley St

AMENITIES

  • Signage

LINKS

1 of 1
Walk Score®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Applebee's
Perkins
Dunn Brothers Coffee

PROPERTY TAXES

Parcel Number 19-77300-04-191 Improvements Assessment $309,910 CAD
Land Assessment $614,711 CAD Total Assessment $924,620 CAD

PROPERTY TAXES

Parcel Number
19-77300-04-191
Land Assessment
$614,711 CAD
Improvements Assessment
$309,910 CAD
Total Assessment
$924,620 CAD
(866) 889-0550

CONTACTS

  • Listing ID: 34878119

  • Date on Market: 2025-02-19

  • Last Updated:

  • Address: 1309 Vermillion St, Hastings, MN 55033

The Downtown Hastings Retail Property at 1309 Vermillion St, Hastings, MN 55033 is currently available. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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1309 Vermillion St
(866) 889-0550 x

1309 Vermillion St

1/2

Kurt Sauer

(866) 889-0550

(866) 889-0550

Joe Polak

(612) 605-8183

(612) 605-8183

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