Two-Level Restaurant Building with
100 Sibley St Hastings, MN 55033
For Sale
Contact for pricing
Pending
Two full kitchens on separate floors support restaurant, catering, or retail use, with parking across the street.
Property Size6,000 SF
Days on Market143
Property Features for 100 Sibley St
General Information
Standard status
Pending
Size
6,000 SF
Property subtype
RETAIL
Listing Agency:
eXp Commercial
(612) 819-8285
Listed By:
Scott Naasz · License ##40922534
(612) 819-8285
Source:
Moodyscre
Added: Mar 9
Changed: Jul 26
Last Checked: Jul 28 at 12:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
This two-level restaurant building was originally constructed in 1900 and offers approximately 6,000 square feet that can be leased or purchased. The property features two full kitchens, one on each floor, supporting food service, catering operations, or retail concepts. The second floor includes additional dining or event space with scenic views of the Mississippi River Valley.
Ample parking is located directly across the street in a city-owned lot, providing convenient access for customers and staff. The offering includes a lease-to-own option with flexible terms.
The space is offered in a lease delivery condition described as “As-Is,” with specific landlord improvements prior to tenant occupancy. Planned work includes an upgraded lift from the first floor to the second floor (approved by a state inspector), new HVAC units for the first-floor space, new ceiling grid in the first-floor kitchen, exterior painting and related alley wall improvements, and ensuring walk-in coolers are in working condition upon tenant delivery. Additional landlord work is listed per city-approved permit drawings dated January 8, 2025.
Ample parking is located directly across the street in a city-owned lot, providing convenient access for customers and staff. The offering includes a lease-to-own option with flexible terms.
The space is offered in a lease delivery condition described as “As-Is,” with specific landlord improvements prior to tenant occupancy. Planned work includes an upgraded lift from the first floor to the second floor (approved by a state inspector), new HVAC units for the first-floor space, new ceiling grid in the first-floor kitchen, exterior painting and related alley wall improvements, and ensuring walk-in coolers are in working condition upon tenant delivery. Additional landlord work is listed per city-approved permit drawings dated January 8, 2025.
Key Highlights
- Two‑level restaurant building originally constructed in 1900 with approx. 6,000 SF available for lease or sale
- Two full kitchens—one on each floor—suited for restaurant, catering, or private events
- Second‑floor dining/event space with scenic views of the Mississippi River Valley
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $16.20 |
| − Vacancy | −$4.1k | −$0.68 |
| EGI | $93.1k | $15.52 |
| − OpEx | −$27.9k | −$4.66 |
| NOI | $65.2k | $10.86 |
6,000 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.11M
$973.0K – $1.30M
NOI $77,841 @ 7.0% cap · market cap 10.38%
Second Best
Industrial
$931.2K
$814.8K – $1.09M
NOI $65,182 @ 7.0% cap · market cap 8.69%
Theoretical Best
Healthcare Medical
$1.48M
$1.29M – $1.72M
NOI $103,356 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two full kitchens on separate floors support restaurant, catering, or retail use, with parking across the street.
Where is this conventional restaurant located?
The property is located at 100 Sibley St Hastings, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑level restaurant building originally constructed in 1900 with approx. 6,000 SF available for lease or sale; Two full kitchens—one on each floor—suited for restaurant, catering, or private events; Second‑floor dining/event space with scenic views of the Mississippi River Valley
