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    FOR LEASE
    Office buildings

    1640 S Frontage Rd, Hastings, MN 55033

    20,564 SF 1.49 ac lot Built 2007
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US46-0559631
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2007
    Construction STEEL FRAME
    Total area 20,564 SF
    Lot 1.49 ac (64,904 SF)
    APN 19-32050-01-031
    UPID US46-0559631
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Robert Halberg - Edina Realty Real Estate Agency
    • Lundby Hill Team: Christy Lundby Hill, Bill Hill, Gerri Lundby & Ben Pavelka Real Estate Agency
    • Edina Realty - Hastings Real Estate Agency Real Estate Agency
    • Madi Barta- eXp Realty Real Estate Agency
    • Wayne Beissel, Edina Realty, Inc. Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $4.19M
    Comparable Approach Comparable
    $3.26M
    Blend (final) Blend
    $3.21M
    Owner & transaction history
    North American Banking Co · 8 yrs held
    North American Banking Co
    since 2018
    3 recorded transactions
    2018
    $3.3M
    2008
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $4.1M +63.6%
    Restaurant $4.0M +60.0%
    Auto repair, garage $3.5M +40.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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