Auto Building Approved For
2124 Vermillion St Hastings, MN
For Sale
Contact for pricing
Auto building suitable for dealership, body shop, or service.
Property Size2,800 SF
Lot Size0.50 Acres
Price / SF$285.36
Days on Market317
Property Features for 2124 Vermillion St
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.50 Acres
Property subtype
RETAIL
Listing Agency:
Capital Commercial Partners
(651) 262-7809
Listed By:
Nick E Carmichael
(651) 262-7809
Source:
Moodyscre
Added: Sep 17, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:54AM
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 Capital Commercial Partners
Investment Insights
Based on property information with market context.
This 2,800 square foot building is approved for any type of auto use. Currently operating as a dealership, the property is also suitable for use as a body shop or service building. Alternative uses include specialty retail or showroom space.
Key Highlights
- Approved for any type of auto use.
- Currently operating as a dealership.
- Suitable for body shop or service building.
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 | $45.4k | $16.20 |
| − Vacancy | −$1.9k | −$0.68 |
| EGI | $43.5k | $15.52 |
| − OpEx | −$13.0k | −$4.66 |
| NOI | $30.4k | $10.86 |
2,800 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Industrial
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 3.81%
Second Best
Retail
$421.8K
$369.1K – $492.2K
NOI $29,529 @ 7.0% cap · market cap 3.70%
Theoretical Best
Healthcare Medical
$689.0K
$602.9K – $803.9K
NOI $48,233 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hastings Automotive, Inc. Service — 3625 Vermillion St, Hastings, MN 55033
- Whitey's Valley Auto Clinic — 3175 Vermillion St, Hastings, MN 55033
- Ford Service — 3625 Vermillion St, Hastings, MN 55033
- Wayne's Auto Body — 3170 Red Wing Blvd, Hastings, MN 55033
- Hastings Automotive, Inc. — 3625 Vermillion St, Hastings, MN 55033
Frequently Asked Questions
What type of property is this?
Auto shop - Auto building suitable for dealership, body shop, or service.
Where is this auto shop located?
The property is located at 2124 Vermillion St Hastings, MN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approved for any type of auto use.; Currently operating as a dealership.; Suitable for body shop or service building.
