Property profile & analytics
1640 Frontage Rd Hastings, MN 55033-2108
- Office buildings
- 20,564 SF
- 1.49 lot acres
OFF-MARKET
Value Estimations
$3,210,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US46-0559631
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.
Current Use by 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
Property Details for 1640 Frontage Rd
- Year built
- 2007
- Construction
- STEEL FRAME
- Lot size
- 1.49 lot acres
- Property size
- 20,564 SF
- Property type
- 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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,535,000
- 6.5%
- $4,185,000
- 7%
- $3,885,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,264,000
- AI Estimate
- $2,177,000
Market price range: $1.87M - $3.38MMarket price range: $779k - $2.51M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,495,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $4,075,000 Change: +64% Conversion: Difficult
- RESTAURANT
- $3,990,000 Change: +60% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $3,510,000 Change: +41% Conversion: Difficult
- WAREHOUSE, STORAGE
- $3,130,000 Change: +26% Conversion: Difficult
- RETAIL STORES
- $2,930,000 Change: +18% Conversion: Moderate
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hastings
- County
- Dakota
- State
- Minnesota
- Longitude
- -92.8867
- Latitude
- 44.7376
- 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
$85,678
$537,200
$2,382,300
$2,919,500
-
$537,200
$2,382,300
$2,919,500
