Xxx Vermillion St Hastings, MN 55033
- Apartment buildings
- 5,000 SF
- 7.00 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for Xxx Vermillion St
- Year built
- 2025
- Lot size
- 7.00 lot acres
- Property size
- 5,000 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hastings
- County
- Dakota
- State
- Minnesota
- Longitude
- -92.8527
- Latitude
- 44.7323
