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    306 5Th St W Hastings, MN 55033

    For Sale
    $95,000

    Lots & Land - Hastings, MN

    Lot size:
    0.21 Acres
    Days on Market:
    249
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 306 5Th St W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Single Family
    APN
    193215026082
    Lot size
    0.21 Acres

    Building Details

    Architectural style
    Other

    Counselor Realty, Inc (651) 779-6000 [email protected]

    Listing agent James M. Wrich, GRI (651) 779-6000

    Listing date Apr 11, 2025

    MLS# 6701756 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Opportunity in Hastings, MN

    These two adjacent lots, located in the heart of Hastings, present a development opportunity. The lots are zoned R-2 (Medium Density Residence District) and are suitable for development. Potential uses include single-family homes, multi-family twin home construction, neighborhood commercial ventures, and residential care facilities. One lot is zoned commercial, and the other is zoned residential R2. The combined lot size is 0.21 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hastings
    County
    Dakota
    State
    Minnesota
    Longitude
    -92.855527
    Latitude
    44.741471

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    FAQs

    What type of property is this?
    Land - Two adjacent lots in Hastings, MN, with development potential.
    Where is this land located?
    The property is located at 306 5Th St W Hastings, MN.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Two adjacent lots in Hastings offer development potential.; - Zoned R-2 (Medium Density Residence District) allows for various construction options.; - Potential uses include single-family, multi-family, twin homes, and more.
    (651) 779-6000
    Request Owner's contact information
    306 5Th St W Hastings, MN 55033
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    Hastings, MN 55033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 5Th St W Hastings, MN 55033
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