407 Vermillion Street, Hastings, MN 55033 (MLS# 6792840)

407 Vermillion Street, Hastings, MN 55033

$325,000
Property Type: Commercial Lot Size (sq. ft.): 1,742 Status: Active
Current Price: $325,000 List Date: 6/16/2026 Last Modified: 9/08/2026

Overview

Description

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.

Listing Details MLS# 6792840

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3485
For Sale or Lease
For Sale
Acres
0.04
Lot Dimensions
Irregular
Assessment Pending
Unknown

Property Features

Accessible: None Air Conditioning: Central Air; Window Unit(s) CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Office Exterior: Brick/Stone Foundation: Other Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Pool Description: None Road Frontage: City Street; Paved Streets; Sidewalks; Street Lights Roof: Flat Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
325000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
407
Street Name
Vermillion
Street Suffix
Street
Postal City
Hastings
County
Dakota
State
MN
Zip Code
55033
Complex/Dev/Subdivision
Town Of Hastings

Assessments

Tax With Assessments
3752

Building Information

Building Finished SqFt
3485

More Information

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, Land

Unit 2

No. of 2 Bedroom Units
Yes

Unit Details

Total Units
3

Unit Information

No. of Efficiency Units
Yes
IDX
Listing Office: Compass
Last Updated: September - 08 - 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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