2300 Hastings Avenue, 1, Newport, MN 55055

$16
Property Type: Commercial Lot Size (sq. ft.): 343,253 Status: Active
Current Price: $16 List Date: 10/06/2023 Last Modified: 5/27/2026

Overview

Description

Prime retail space located within a vibrant 200-unit multifamily community. Unit 1 to be leased "As Is" and features a drop ceiling, updated lighting, and existing HVAC ductwork from the previous buildout - just add flooring to customize the space for retail or office use. Easily accessible, just minutes from Interstate 494 and Highway 10, making it a convenient destination for customers and clients alike.

Listing Details MLS# 6444861

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Waterfront Present
No
Year Built
2019
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
5012
For Sale or Lease
For Lease
Acres
7.88
Lot Dimensions
irregular
Assessment Pending
No
Other Parking Spaces
0
Garage Stalls
0

Property Features

Accessible: No Stairs External; No Stairs Internal Air Conditioning: Zoned Basement: None CMU Style: Apartments and Retail Construction Status: Previously Owned Current Use: Retail Exterior: Brick/Stone; Cement Board Flooring: Carpet; Concrete Slab Foundation: None Fuel: Electric Heating: Forced Air Internet Options: Cable Lease Details: Triple Net Lock Box Type: Combo On Site Utilities: Electric Separate; Heating Separate Parking Characteristics: Paved Lot; Uncovered/Open Rent Rate per Foot: Per Foot Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Sewer: City Sewer/Connected Stories: One Tenant Pays: All Utilities Wall Description: Drywall Water: City Water/Connected

Contract Information

Original List Price
20
Contingency
None
ListPrice
16
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2300
Street Name
Hastings
Street Suffix
Avenue
Unit Number
Yes
Postal City
Newport
County
Washington
State
MN
Zip Code
55055
Complex/Dev/Subdivision
Newport Commons

Assessments

Tax With Assessments
425428
Assessment Balance
0

Building Information

Building Finished SqFt
5012
Building SqFt
5012

More Information

Lease Details

Land Leased
Not Applicable
Lease Amount Type
Square Foot
Triple Net
Yes

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
22
Section#
25
Township#
28

Sale Options

Sale Includes
Other

Unit 1

Unit Number
0001
Level
Main Level
Unit Total SqFt
961
Leased?
No

Unit 2

Lease Expiration Date
2028-06-30
Leased?
Yes
Level
Main Level
Unit Number
0002
Unit Total SqFt
1047

Unit 3

Lease Expiration Date
2028-02-28
Leased?
Yes
Level
Main Level
Unit Number
0003
Unit Total SqFt
1069

Unit 4

Lease Expiration Date
2027-07-31
Leased?
Yes
Level
Main Level
Unit Number
4
Unit Total SqFt
1330

Unit Details

Total Units
4

Office/Member Info

Association
SPAAR
MLSID
RMLS

Location, Tax and Other Information

Legal Description
PART OF THE WEST 1/2 OF THE SOUTHWEST 1/4 LYING NORTH OF RED ROCK PARK & EAST OF HIGHWAY 61 EXCEPT THAT PART OF THE NORTHWEST 1/4 OF SOUTHWEST + BEGINNING AT THE INTERSECTION OF THE NORTH LINE OF FORD AVENUE WITH THE EASTERLY RIGHT-OF-WAY LINE OF STATE HIGHWAY NUMBER 61 AND RUNNING THENCE EAST ALONG SAID NORTH LINE OF FORD AVENUE ONE HUNDRED AND SEVENTEEN (117) FEET TO AN IRON PIPE MONUMENT; THENCE NORTH AT RIGHT ANGLES WITH SAID NORTH LINE OF SAID FORD AVE SEVENTY-FIVE (75) FEET TO AN IRON PIPE MONUMENT, THENCE WEST ON A LINE PARALLEL TO AND SEVENTY-FIVE (75) FEET NORTH OF SAID NORTH LINE OF FORD AVENUE, TO THE INTERSECTION OF SAID PARALLEL LINE WITH SAID EASTERLY LINE OF SAID HIGHWAY; THENCE SOUTHERLY ALONG SAID EASTERLY LINE OF SAID
Listing City
Newport
Map Page
123
Municipality
Newport
Rental License?
Yes
School District
South Washington County
School District Phone
651-425-6300
County Abbreviation
Yes
Zip Plus 4
4876
Property ID Number
2502822320035
Tax Year
2025
Tax Amount
425428
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Prime retail space located within a vibrant 200-unit multifamily community. Unit 1 to be leased "As Is" and features a drop ceiling, updated lighting, and existing HVAC ductwork from the previous buildout - just add flooring to customize the space for retail or office use. Easily accessible, just minutes from Interstate 494 and Highway 10, making it a convenient destination for customers and clients alike.
Directions
Interstate 494 to Bailey Road, head east on Bailey Road to Hastings Avenue, turn south on Hastings Avenue, continue to destination's parking lot on the east side of road.

Accessible

No Stairs External
Yes
No Stairs Internal
Yes

Air Conditioning

Zoned
Yes

Basement

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Cement Board
Yes

Flooring

Carpet
Yes
Concrete Slab
Yes

Foundation

None
Yes

Fuel

Electric
Yes

Heating

Forced Air
Yes

Internet Options

Cable
Yes

Lock Box Type

Combo
Yes

Parking Characteristics

Paved Lot
Yes
Uncovered/Open
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Wall Description

Drywall
Yes

Water

City Water/Connected
Yes

Tenant Pays

All Utilities
Yes

On Site Utilities

Electric Separate
Yes
Heating Separate
Yes

CMU Style

Apartments and Retail
Yes

Current Use

Retail
Yes

Rent Rate per Foot

Per Foot
Yes
IDX
Listing Office: Keller Williams Select Realty
Last Updated: May - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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