Listing ID: 59510

Business Overview

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.

Financial

Seller Financing Available

  • Asking Price: $1,250,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1922

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:18,642
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A