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Two-Level Mixed-Use Building
New
For Sale
$899,900

111 3rd Street E, Hastings, MN 55033

Configured with tavern, office, and retail areas plus coolers, restrooms, and original bank vault doors.

Property Size8,320 SF
Price / SF$108.16
Days on Market5

Property Features for 111 3rd Street E

General Information

Standard status Active
Size 8,320 SF
Property subtype Commercial

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Office Units 6

Building Details

Year Built 1957
Buildings 1
Building Size 8,320 SF
Tenancy Multi
Listing Agency: Bridge Realty, LLC
Listed By: Michael Bartus
Source: Hometwincities
Added: Aug 25 Changed: Aug 28 Last Checked: Aug 28 at 7:05PM

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 Bridge Realty, LLC

Investment Insights

Based on property information with market context.

This 8,320-square-foot, six-unit commercial building was constructed in 1957 and originally operated as a bank. The two-level layout includes a tavern, prep kitchen, walk-in cooler, four separate office or commercial spaces, and two restrooms upstairs. Each of the four upper-level spaces has its own street entrance. The lower level is configured as a liquor store with four coolers, five additional rooms, and multi-stall restrooms. Original bank vault doors remain part of the building.

The property has frontage along Hwy 61 at the base of the Hastings Bridge and sits within the downtown business district. Its existing mix of tavern, office, and retail areas provides a varied commercial configuration, while the building’s six-unit layout accommodates multiple occupied or operational areas within one property.

Key Highlights

  • 8,320‑square‑foot commercial building with six units
  • Hwy 61 frontage at the base of the Hastings Bridge
  • Upper level includes a tavern, prep kitchen, walk‑in cooler, four offices, and two restrooms

Property Analytics

Current Use

Alley Cat Liquor (Bike/Boat/Book/etc) Store Public Square Park Hastings Tavern Bar & Pub Hastings Tourism Bureau Business Service Center

Suggested Use

Top Pick Real Estate Agency Building Supply Kitchen & Bath Showroom Big Box & Wholesale Store Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

453
Businesses Nearby

Demographics for 55033, MN

29,701
Population
11,884
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
144.3 sq mi
ZIP Area
206
Density / Sq Mi
$102,026
Median Household Income
$55,060
Median Earnings
$1,174
Median Rent
$335,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Configured with tavern, office, and retail areas plus coolers, restrooms, and original bank vault doors.
Where is this mixed-use property located?
The property is located at 111 3rd Street E Hastings, MN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 8,320‑square‑foot commercial building with six units; Hwy 61 frontage at the base of the Hastings Bridge; Upper level includes a tavern, prep kitchen, walk‑in cooler, four offices, and two restrooms
More about this property
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