111 3rd Street E, Hastings, MN 55033 (MLS# 7131918)

111 3rd Street E, Hastings, MN 55033

$899,900
Property Type: Commercial Baths: 6 Square Footage: 8,320 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $899,900 List Date: 8/23/2026 Last Modified: 8/24/2026

Overview

Description

Prime downtown Hastings commercial investment opportunity! This 8,320 sq ft, 6-unit commercial building offers exceptional Hwy 61 frontage at the base of the iconic Hastings Bridge in the heart of the downtown business district. Originally built as a bank, this solidly constructed property offers a unique and flexible layout for an owner-user, investor or redevelopment opportunity. The upper level is currently configured with a tavern, prep kitchen, walk-in cooler, four additional office/commercial spaces with separate street entrances and two restrooms. The lower level is currently used as a liquor store and includes four coolers, five additional rooms and multi-stall restrooms. Original bank vault doors remain in place, adding unique character and history. Excellent visibility, multiple-use potential and a highly desirable downtown location. Showings approved with proof of funds or a financial qualification letter and available between 2-6 PM.

Listing Details MLS# 7131918

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
Yes
Road Btwn WF & Home?
Yes
Waterfront YN
No
Year Built
1957
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
4500
Lake/Waterfront Name
Mississippi River
Power Company
Dakota Electric Association
For Sale or Lease
For Sale
Acres
0.2
Lot Dimensions
84 x 147. 41 x 140
Assessment Pending
No

Property Features

Accessible: Doors 36"+; No Stairs External; Wheelchair Ramp Air Conditioning: Central Air Amenities Shared: Fire Sprinkler System Amenities Unit: City View Assumable Loan: Not Assumable CMU Style: Freestanding; Mixed Use; Other; Resort; Retail/Shopping Center Commercial Kitchen Appliances: Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer Construction Materials: Concrete Construction Status: Previously Owned Current Use: Office; Retail Exterior: Brick/Stone; Stucco Flooring: Concrete Slab Foundation: Brick/Mortar; Concrete Block Fuel: Natural Gas Heating: Boiler; Forced Air Loan Terms: Cash; Contract for Deed; Conventional; Special Funding Location Description: Downtown; Other/See Remarks Lock Box Type: Combo Lot Description: Corner Lot; Public Transit (w/in 6 blks) On Site Utilities: Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Unassigned Potential Use: Lounge/Bar; Office; Professional; Rest/Lounge; Retail Road Frontage: City Street; Curbs; Highway; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Flat Sewer: City Sewer/Connected Stories: Two Topography: Walkout Wall Description: Finished Water: City Water/Connected Waterfront Type: River View

Contract Information

Contingency
None
ListPrice
899900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
111
Street Name
3rd
Street Suffix
Street
Street Direction Suffix
E
Postal City
Hastings
County
Dakota
State
MN
Zip Code
55033
Complex/Dev/Subdivision
Town Of Hastings

Assessments

Assessment Balance
1251
Tax With Assessments
11454

Basement

Foundation Dimensions
40 x 140

More Information

Building Information

Building Finished SqFt
8320
Building SqFt
8320

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
17
Section#
27
Township#
115

Sale Options

Sale Includes
Building, Fixture/Equipment

Unit 1

Unit Number
Yes
Half Baths
2
Total Bathrooms
2
Total Rooms
4
Level
Main Level
Unit Total SqFt
3520
Leased?
No

Unit 2

Leased?
No
Level
Main Level
Total Rooms
Yes
Unit Number
2
Unit Total SqFt
200

Unit 3

Leased?
No
Level
Main Level
Total Rooms
Yes
Unit Number
3
Unit Total SqFt
160

Unit 4

Leased?
No
Level
Main Level
Total Rooms
Yes
Unit Number
4
Unit Total SqFt
160

Unit 5

Leased?
No
Level
Main Level
Total Rooms
Yes
Unit Number
5
Unit Total SqFt
160

Unit 6

Half Baths
4
Leased?
No
Level
Below Ground
Total Bathrooms
4
Total Rooms
7
Unit Number
6
Unit Total SqFt
4200

Unit Details

Total Units
6
IDX
Listing Office: Real Estate Parkway
Last Updated: August - 24 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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