Hastings, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Hastings, Minnesota Market population: 25K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Hastings NE Properties: 1.2900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Hastings NE
Common questions from investors exploring commercial real estate in Hastings NE.
What is the overall investment potential of Hastings, NE, considering its demographic and economic factors?
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The city's median household income of $44,552, combined with a poverty rate of 14.1% and a high health insurance coverage of 91.2%, suggests a relatively stable market with employment opportunities. The top industries, including Wholesale Trade and Public Administration, contribute to a diverse economy, while the median property value of $92,000 and median property taxes of $6,836 indicate a potentially lucrative housing market. Additionally, the average commute time of 13.6 minutes and high homeownership rate of 64.5% reflect a desirable quality of life.
How does the ethnic diversity and industry mix in Hastings, NE impact the demand for real estate investments?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant community, while the top industries, including Finance & Insurance, and Real Estate & Rental & Leasing, drive demand for housing and commercial properties. The employed population of 12,586 and median age of 36.9 also suggest a strong and stable workforce, which can support a growing real estate market. Furthermore, the GINI coefficient of 0.448 indicates a relatively equal distribution of income, which can lead to a more stable and predictable market.
What are the key factors that affect the quality of life in Hastings, NE, and how do they impact real estate investments?
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The average commute time of 13.6 minutes, top commute methods including Drove Alone and Carpooled, and high health insurance coverage of 91.2% all contribute to a high quality of life in Hastings, NE. These factors, combined with a relatively low poverty rate of 14.1% and a strong homeownership rate of 64.5%, suggest a desirable and stable community, which can attract potential renters and buyers, ultimately driving up property values and investment returns. The city's median property value of $92,000 and median property taxes of $6,836 also indicate a potentially lucrative housing market.
How does the poverty rate and health insurance coverage in Hastings, NE affect the quality of tenants and investment potential?
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The poverty rate of 14.1% in Hastings, NE, although relatively high, is mitigated by the high health insurance coverage of 91.2%, which suggests a working-class market with access to employment opportunities and essential services. This combination, along with the median household income of $44,552 and employed population of 12,586, indicates a relatively stable tenant base, which can lead to lower vacancy rates and higher investment returns. Additionally, the top industries, including Wholesale Trade and Public Administration, contribute to a diverse economy, which can support a growing real estate market.
What are the implications of the homeownership rate and median property value on the real estate investment market in Hastings, NE?
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The high homeownership rate of 64.5% and median property value of $92,000 in Hastings, NE suggest a strong and stable housing market, with potential for long-term appreciation in property values. The median property taxes of $6,836 also indicate a relatively low cost of ownership, which can attract potential buyers and investors. Furthermore, the city's demographic factors, including a median age of 36.9 and top ethnicities, contribute to a diverse and vibrant community, which can drive demand for housing and commercial properties, ultimately supporting a growing real estate market.
Hastings NE Real Estate & City Facts
Key facts and real estate information about Hastings NE.
What are some of the best neighborhoods to live in Hastings?
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Some of the best neighborhoods to live in Hastings include the west parts of the city, which tend to be more desired, and the southeast regions, which offer more affordable homes. Specifically, neighborhoods like Broken Window and S are considered to be among the best.
What are some fun things to do in Hastings?
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Hastings has a variety of fun things to do, including visiting the Hastings Museum, the Birthplace of Kool-Aid, and the Nebraska Bigfoot Crossroads Of American Museum And Research Center. You can also explore the beautiful downtown area, shops, parks, and historic sites. Additionally, there are several parks and outdoor spaces to enjoy, such as Aquacourt.
What is the food scene like in Hastings?
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The food scene in Hastings is diverse and offers a range of options. Some popular restaurants include Odyssey Downtown, Kitty's Roadhouse, District 14 Bar & Pizza, Plainsman Steakhouse & Lounge, and Back Alley Bakery. There are also plenty of great food trucks and local eateries to try. And, of course, you can't miss the famous Kool-Aid, which was developed in Hastings.
What are the pros and cons of living in Hastings?
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The pros of living in Hastings include its beautiful downtown area, rich history, and outdoor spaces. However, some cons include the city's relatively small size and limited job opportunities. Additionally, the weather in Hastings can be quite cold in the winter, with average temperatures ranging from 21°F to 41°F. Overall, Hastings is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Hastings a good place to live?
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Hastings is a good place to live for those who value a small-town atmosphere and a strong sense of community. The city has a lot to offer, from its historic sites and outdoor spaces to its diverse food scene and local events. While it may not be the best fit for everyone, Hastings is definitely worth considering for those who are looking for a relaxed and affordable place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Hastings NE Commercial Property: $44,552
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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