1640 Frontage RdHastings, MN 55033

Property Details for 1640 Frontage Rd

Year built

2007

Construction

STEEL FRAME

Lot size

1.49 AC

Property size (Sq ft)

20,564 SF

Property type

Office properties

Property subtype

Office buildings

APN

19-32050-01-031

APU

193205001031

Description

This exceptional executive office space, located at 1640 S Frontage Rd in Hastings, Minnesota, offers a prime opportunity for businesses seeking a modern and efficient workspace. The Hastings Marketplace building, constructed in 2007, boasts a total of 20,564 square feet spread across two stories, situated on a 1.49-acre lot in Dakota County. Currently, there is 9,063 square feet of vacant, immediately available office space perfect for multiple tenants. The building's strategic location provides excellent visibility and accessibility, situated along a busy corridor in Hastings, making it ideal for businesses seeking high traffic exposure. The property offers a blend of modern amenities and functionality, making it an attractive option for a variety of businesses. The address is conveniently located in the 55033 zip code. This is a multi-tenant building offering a flexible and adaptable space to suit diverse business needs. The property's size and layout provide ample room for expansion or consolidation, catering to businesses of varying scales. This opportunity presents a chance to establish a presence in a thriving community with easy access to major transportation routes. The building's modern design and efficient layout ensure a productive and comfortable work environment. Inquire today to learn more about leasing options and explore the possibilities this exceptional office space offers.

• CAP approach

  CAP return

  Valuation

  6%

  $3,385,061

  6.5%

  $3,124,672

  7%

  $2,901,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,049,586

  Geo Method

  $1,049,586

• Alternative Use

  Use

  Valuation

  Residential

  $3,874,593

  Hospitality

  $3,549,106

  Educational

  $2,952,815

  Medical

  $3,054,366

  Retail

  $4,593,268

Location Insight

City

Hastings

County

Dakota

State

Minnesota

Latitude

44.7376

Longitude

-92.8867

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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