Hastings, MN
$1,000,000
The offering presents a self-storage development opportunity on approximately ±3 acres in Hastings, Minnesota, consisting of two parcels with tentative approvals for up to 40,000 rentable square feet of climate-controlled storage. Development plans have been prepared for one of the parcels totaling nearly 20,000 square feet, representing approximately 218 climate-controlled units approved to build, while the
second parcel offers meaningful future expansion potential to support additional phases or long-term growth.
This is an exceptionally rare, high-demand site for climate-controlled self storage in Hastings. Positioned along a high-visibility, high-traffic corridor, the property is surrounded by a diverse mix of demand drivers that support consistent leasing: a major industrial park, national and local retail, auto dealerships, hotels, restaurants, Coborn’s Superstore, fitness and community services, the Hastings Civic Center, established
residential neighborhoods, and a new large apartment development nearby. The area is further supported by gas and convenience retailers and a church, providing strong exposure and excellent accessibility. Notably, a nearby climate-controlled facility is effectively full, underscoring unmet demand and supporting additional climate-controlled supply in the market. These attributes provide strong exposure,
excellent accessibility, and a compelling foundation for climate-controlled storage serving both local residents and Twin Cities spillover.
