1222 Vermillion St Hastings, MN 55033-2847
Property profile & analytics
1222 Vermillion St Hastings, MN 55033-2847
- Retail space
- 2,378 SF
- 0.10 lot acres
Property ID
US46-3218332
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Midtown Cleaners of Hastings / (Bike/Boat/Book/etc) Store
- Midtown Cleaners / (Bike/Boat/Book/etc) Store
Property Details for 1222 Vermillion St
- Year built
- 1961
- Construction
- CONCRETE
- Lot size
- 0.10 lot acres
- Property size
- 2,378 SF
- Zone code
- R
- Property type
- Retail space
- APN
- 19-77300-05-090
- APU
- 197730005090
Description
This exceptional commercial property at 1222 Vermillion Street in Hastings, Minnesota presents a unique investment opportunity. The 2,378 square foot building sits on a 0.1-acre lot and enjoys a highly visible location on Highway 61, ensuring excellent traffic flow and exposure. Currently operating as a successful dry cleaning business, this is the only dry cleaner serving Hastings, Red Wing, South Cottage Grove, and Cannon Falls, guaranteeing a strong existing customer base. The asking price for the entire package – building and business – is $359,000. However, the seller offers flexibility. The dry cleaning business, including all equipment (excluding the tailor shop's sewing machines), can be purchased separately for $69,000. Alternatively, the building can be leased for $2,900 per month, providing a lucrative rental income stream. The building also includes additional space currently used as a tailor shop, suitable for lease as office or retail space, further enhancing the property's income potential. Detailed financial information will be provided to qualified buyers upon request. The sellers are committed to a smooth transition and will provide comprehensive training on the dry cleaning business operations. This is a rare chance to acquire a thriving business and a valuable commercial property in a prime location. Don't miss this opportunity to own a piece of Hastings' commercial landscape.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hastings
- County
- Dakota
- State
- Minnesota
- Longitude
- -92.853
- Latitude
- 44.7334
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,242
$52,800
$181,700
$234,500
-
$52,800
$181,700
$234,500
