$325,000

407 Vermillion Street, Hastings MN, 55033

Built in1900

Property typeCommercial

Courtesy of Compass, Jado Hark Listing Contact:

Overview

Active

Listed Oct 14, 2025

Updated 4 weeks ago

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.

Other Property Details

Taxes: $3,752
Tax Frequency: Annually

Listings courtesy of Northstar MLS as distributed by MLS GRID

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