Address
220 Sibley Street Hastings, MN
Price
$ 1,050,000
Property Attributes
  • ID#6146422
  • TypeCommercial
  • CountyDAKOTA
  • CityHastings
  • AreaTown Of Hastings
  • NeighborhoodTown Of Hastings
  • Zip55033
  • StyleOffice
  • Year Built1922
  • Taxes$ 8780
  • Price$ 1,050,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18642
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
Lakes Area Realty
Data Source:
Northstar MLS (NSTAR)
Property Description

Presenting the historic Armory Building in downtown Hastings. This is an amazing opportunity to own a building that is central to all of the upcoming investments being made in the historic district of Hastings. If you are not familiar, the Confluence historic restoration project will include a hotel, event center and apartments 3 blocks away. This one-of-kind mixed-use building offers office, retail, and storage/workshop spaces with low vacancy and a variety of rental spaces. The property is situated on the corner of Sibley Street and Third Street and is only a block off Main Street, two blocks from the Mississippi River, and across the street from City Hall. The building exterior has been renovated and the windows have been replaced, all to historic district standards. Other improvements include two new furnaces, 2 new AC units, and a new roof in 2007. There is potential for a 6,000 square foot expansion on the upper floor with a 15-foot ceiling height.

Price History
1/28/2022 Listed $1,350,000
2/18/2022 8% - $1,250,000
4/25/2022 16% - $1,050,000

General Features

Accessibility None
Additional Parcels Y/N No
Basement Full, Storage Space, Partially Finished
City Hastings
Construction Materials Brick/Stone
Contingency None
Cooling Central Air
County Dakota
Current Use Commercial, Office
Days on Market 123
Directions Highway 61 to 4th St E, east on 4th to Sibley St, north on Sibley St. to 3rd St. Building is on the northeast corner of 3rd St E and Sibley St.
Electric Expense 6966
Fuel Expense 3476
Garage Spaces 5
Heating Forced Air
High School District Hastings
Insurance Expense 2107
Lender Owned No
Levels Two
Maintenanceexpense 3085
Property SubType Office
Property Type Commercial Sale
Roof Pitched, Asphalt, Age Over 8 Years
Sewer City Sewer/Connected
Standard Status Active
Street Name Sibley
Subdivision Name Town Of Hastings
Tax Annual Amount 8780
Tax Year 2021
Total Units 15
Trash Expense 335
Utilities Heating Separate
Water Sewer Expense 745
Year Built 1922
Zoning Description Business/Commercial

Interior Features

Ceiling Height 11-15
Fuel Natural Gas
Street Suffix Street
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, One Room, Two Room, Three Room, Four Room, Five Room, Six Room, Seven Room

Exterior Features

Foundationarea 8646
Inclusions Building, Land, Leases
Lot Dimensions Irregular
Lot Features Corner Lot
Lot Size Area 0.28
Lot Size Units Acres
Parking Features Tuckunder Garage
Road Frontage Type City Street
Road Responsibility Public Maintained Road
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55033

Price
AVG $690K
$1.05M
Taxes
AVG $6,118
$8,780
Visits
AVG 351
700
Year Built
AVG 1901
1922
Walkscore
AVG 58
59
Data Provided by Walkscore ® not using MLS data

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