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100 Sibley St
Hastings, MN 55033
Retail Property For Sale
Investment Highlights
- Rare second generation restaurant opportunity in the heart of historic downtown Hastings with approximately 6,000 SF across two levels | Bonus 3000sqf
- Second-floor dining or event space featuring scenic views of the Mississippi River Valley, creating a memorable guest experience.
- Lease-to-own opportunity available, allowing operators to establish their business now with potential for future ownership.
- Two full commercial kitchens—one on each floor—ideal for a restaurant, catering business, or food production concept.
- Convenient customer access with ample parking located directly across the street in a city-owned lot.
Executive Summary
Rare restaurant opportunity in the heart of historic downtown Hastings. This two-level building, originally constructed in 1900, offers approximately 6,000 square feet available for lease or for sale and is well suited for a restaurant, catering operation, or retail concept. The property features two full kitchens—one on each floor—creating an ideal setup for food service, catering, or private events.
The second floor provides additional dining or event space with scenic views of the Mississippi River Valley, offering a unique atmosphere for guests. Ample parking is conveniently located directly across the street in a city-owned lot, making access easy for customers and staff.
Flexible terms include a lease-to-own option, presenting an excellent opportunity for an operator seeking to establish their business with the potential for future ownership.
Lease - Delivery Condition
• As-Is, with the following Landlord improvements prior to tenant occupancy:
• Upgrade of the existing lift from the first floor to the second floor; approved by the state inspector.
• Installation of new HVAC units for the first-floor space.
• Installation of new ceiling grid in the first-floor kitchen.
• Exterior painting and associated improvements of alley wall.
• Walk-In coolers shall be in working condition upon Tenant Delivery.
• Other Landlord work per City-approved permit drawings dated January 8, 2025.
The second floor provides additional dining or event space with scenic views of the Mississippi River Valley, offering a unique atmosphere for guests. Ample parking is conveniently located directly across the street in a city-owned lot, making access easy for customers and staff.
Flexible terms include a lease-to-own option, presenting an excellent opportunity for an operator seeking to establish their business with the potential for future ownership.
Lease - Delivery Condition
• As-Is, with the following Landlord improvements prior to tenant occupancy:
• Upgrade of the existing lift from the first floor to the second floor; approved by the state inspector.
• Installation of new HVAC units for the first-floor space.
• Installation of new ceiling grid in the first-floor kitchen.
• Exterior painting and associated improvements of alley wall.
• Walk-In coolers shall be in working condition upon Tenant Delivery.
• Other Landlord work per City-approved permit drawings dated January 8, 2025.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,712 SF
Building Class
C
Year Built
1900
Price
$750,000
Price Per SF
$86.09
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.50
Lot Size
0.08 AC
Frontage
49’ on Sibley St
Amenities
- Signage
Property Taxes
| Parcel Number | 19-32150-04-083 | Improvements Assessment | $408,200 |
| Land Assessment | $59,300 | Total Assessment | $467,500 |
Property Taxes
Parcel Number
19-32150-04-083
Land Assessment
$59,300
Improvements Assessment
$408,200
Total Assessment
$467,500
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