275 33Rd St W Hastings, MN 55033
Property profile & analytics
275 33Rd St W Hastings, MN 55033
- Warehouses
- 16,800 SF
- 3.00 lot acres
Property ID
US46-0521800
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
- Veterans of Foreign Wars / Advocacy Group / Social Service Agency
- G & R Nutrition / Physician
- Snap Fitness Hastings / Gym & Fitness Center
- Your Storage Facility / Storage Facility
Property Details for 275 33Rd St W
- Year built
- 1990
- Construction
- CONCRETE
- Lot size
- 3.00 lot acres
- Property size
- 16,800 SF
- Zone code
- R
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 19-18402-01-030
- APU
- 191840201030
Description
This exceptional investment opportunity presents a 16,800-square-foot multi-tenant retail and storage facility situated on a 3-acre lot in Hastings, Minnesota. The property, known as Hastings Crossroads Mall, boasts a strong 6.14% cap rate and a substantial net operating income (NOI) of $116,728. The property includes 59 climate-controlled, self-storage units with key-card access. Current tenants include Snap Fitness and a VFW post, adding to the property's stable income stream. The property is strategically located at the intersection of Red Wing Boulevard and 33rd Street West, enjoying high visibility and convenient access. A significant advantage is its adjacency to a Coborn's grocery store, driving consistent foot traffic. Furthermore, a 1.45-acre vacant pad site is included, offering potential for future development or expansion. The property features 93 surface parking spaces for tenant and customer convenience. Built in 1990, the property is zoned C-4, allowing for a variety of commercial uses. The property's location benefits from the recent completion (2023) of a 160-unit multi-family project on adjacent land, further enhancing the area's desirability and potential for increased value. The asking price for this stabilized investment is $1,900,000. The property's parcel number (APN) is 19-18402-01-030.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,671,000
Market price range: $1.40M - $3.27M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $2,560,000 Current use
- RETAIL STORES
- $2,395,000 Change: -6% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hastings
- County
- Dakota
- State
- Minnesota
- Longitude
- -92.8469
- Latitude
- 44.7139
- 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
$26,776
$456,900
$496,400
$953,300
-
$456,900
$496,400
$953,300
