407 Vermillion StreetHastings, MN 55033
$310,000
0.048 acre lot
About this home
Excellent investment and business opportunity in Hastings! This mixed-use property offers prime visibility on high-traffic Vermillion Street, providing outstanding exposure for a variety of business uses. The main-level commercial space is currently vacant and has been extensively renovated with new electrical, ceilings, lighting, flooring, fresh paint, and updated interior finishes, making it move-in ready for an owner-occupant or new tenant. The building also includes a leased two-bedroom apartment and a leased studio unit, creating immediate rental income. All residential tenants are currently on flexible month-to-month leases, offering additional flexibility for future plans. Conveniently located near downtown Hastings, the riverfront, restaurants, and local businesses. Property is being sold as-is.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1900
- Lot
- 0.048 acres
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air, Window Unit(s)
- Property taxes
- $3,752 a year
- Listed
- October 14, 2025
- MLS number
- 6792840
Listing courtesy of Compass (Jado Hark). MLS #6792840.
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How it compares
407 Vermillion Street, Hastings, MN 55033 is a single-family home built in 1900, listed for $310,000 on October 14, 2025 by Compass. That is in the lower quarter of the 24 single-family homes for sale in Hastings right now (median $429,500).
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Hastings community guideSchools, commutes, parks, home values and local stories.
- Hastings housing market, September 2026Homes sold for a median $345,000 over 12 months (+1.5%), 39 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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