Mixed-Use Building with Retail
407 Vermillion Street, Hastings, MN 55033
For Sale
$310,000
A vacant commercial unit sits alongside two leased apartments, including a studio and a two-bedroom residence.
Property SizeContact for details
Days on Market390
Property Features for 407 Vermillion Street
General Information
Standard status
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Units
Tenancy
Listing Agency:
Compass
(952) 283-0897
Listed By:
Jado Hark · License #40577949
(612) 483-1742
Source:
Randyfischerrealestate
Added: Oct 16, 2025
Changed: Nov 8
Last Checked: Nov 8 at 8:40PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use property combines vacant commercial space on the main level with two residential units: a two-bedroom apartment and a studio. Both apartments are leased on month-to-month terms. The commercial area has received updates to its electrical system, ceilings, lighting, flooring, paint, and interior finishes.
The property is on Vermillion Street in Hastings, near downtown, the riverfront, restaurants, and local businesses. Its zoning is Business/Commercial, and the sale is as-is.
The property is on Vermillion Street in Hastings, near downtown, the riverfront, restaurants, and local businesses. Its zoning is Business/Commercial, and the sale is as-is.
Key Highlights
- Main‑level commercial space is vacant and has updated electrical, ceilings, lighting, flooring, paint, and finishes
- Two leased residential units: a two‑bedroom apartment and a studio
- Residential leases are month‑to‑month
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant commercial unit sits alongside two leased apartments, including a studio and a two-bedroom residence.
Where is this mixed-use property located?
The property is located at 407 Vermillion Street Hastings, MN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Main‑level commercial space is vacant and has updated electrical, ceilings, lighting, flooring, paint, and finishes; Two leased residential units: a two‑bedroom apartment and a studio; Residential leases are month‑to‑month
