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Two-Story Retail Flex Building
For Lease
$10 SF/Yr

2324 Vermillion Street, Hastings, MN 55033

Two-level building on Highway 61 with street-level retail and an upper warehouse/creative area.

Space Size1,500 SF - 4,560 SF
Days on Market50

Property Features for 2324 Vermillion Street

General Information

Standard status Active
Size 1,500 SF - 4,560 SF
Property subtype Retail - Freestanding
Zoning C-3

Site & Location

Traffic Count 25,000 vehicles/day
Highway Access Yes
Road Access Yes

Amenities

loading dock

Building Details

Building Size 4,560 SF
Year Built 1960
Year Renovated 2025
Stories 2
Units 1

Spaces For Lease

at 2324 Vermillion Street Contact us

100 $10/SF/Yr

Floor
1 & 2
Size
1,500-4,560 SF
Type
Freestanding
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Commercial Investors Group
Listed By: Chad Heer · License #40427410
Source: Commercialcafe
Added: Jun 23 Changed: Aug 11 Last Checked: Aug 11 at 2:42PM

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 Commercial Investors Group

Investment Insights

Based on property information with market context.

This two-story commercial building was built in 1960 and has been updated over the past two years. It offers two levels of available space, including a street-level retail main floor and an upper-level warehouse/creative space. An upper level loading dock is noted as a usable amenity for receiving or servicing operations.

The property is strategically located on Highway 61 (Vermillion Street) in Hastings, MN, with public remarks indicating over 25,000 vehicles per day and maximum visibility.

With a total reported building size of 4,560 SF (approximately 3,060 SF main and 1,500 SF upper) and a C-3 zoning designation referenced in the remarks, the building provides a flexible layout for an owner-user or tenant looking for both street-facing and upper-level space options.

Key Highlights

  • 4,560 SF two‑level building on Highway 61 (Vermillion Street) in downtown Hastings
  • Layout includes ~3,060 SF main floor street‑level retail and ~1,500 SF upper warehouse/creative space
  • Upper level loading dock provides access for a retailer or other service provider

Property Analytics

Current Use

Old Mill Pawn Discount Store

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Parking Lot & Garage

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

25,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

453
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Two-level building on Highway 61 with street-level retail and an upper warehouse/creative area.
Where is this flex space located?
The property is located at 2324 Vermillion Street Hastings, MN.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 4,560 SF two‑level building on Highway 61 (Vermillion Street) in downtown Hastings; Layout includes ~3,060 SF main floor street‑level retail and ~1,500 SF upper warehouse/creative space; Upper level loading dock provides access for a retailer or other service provider
More about this property
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