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    Xxx Vermillion St Hastings, MN 55033

    Sponsored
    For Sale
    $1,000,000

    Seven acres, 5,000 sq ft, high potential.

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 7-acre property in Hastings, Minnesota presents a unique investment opportunity. Currently improved with a single-family home and a duplex, totaling approximately 5,000 square feet of existing building space, this site offers significant upside potential. The property boasts a prime location in Hastings, providing convenient access to local amenities and transportation routes. The city has temporarily approved a variety of development options for the site, including single-family homes, twin homes, townhomes, or luxury apartments. This flexibility allows for a wide range of development strategies to suit diverse investor preferences and market demands. The existing structures could be renovated and repurposed, or completely removed to make way for a new construction project. The substantial 7-acre lot provides ample space for a large-scale development, offering the potential for significant returns on investment. Given the current zoning allowances and the property's size, this is an ideal opportunity for developers seeking a prime location with multiple development possibilities in a thriving Minnesota community. The asking price of $1,000,000 reflects the significant potential of this unique property. Serious inquiries are encouraged.

    Property Features for Xxx Vermillion St

    General Information

    Property type
    Residential income properties
    Square Feet
    5,000 SF
    Lot Size
    304,920 SF

    Building Details

    Year Built
    2025
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Hastings
    County
    Dakota
    State
    Minnesota
    Longitude
    -92.85265
    Latitude
    44.73225

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    Nearby Similar for Sale

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      Hastings Property with High Visibility

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      Hastings Office Building For Sale

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    FAQs

    What type of property is this?
    Residential income property - Seven acres, 5,000 sq ft, high potential.
    Where is this residential income property located?
    The property is located at Xxx Vermillion St Hastings, MN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (952) 473-3000
    Request Owner's contact information
    Xxx Vermillion St 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
    Xxx Vermillion St Hastings, MN 55033
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