Historic Downtown Hastings, NE Commercial Building Online Only Auction

Historic Downtown Hastings, NE Commercial Building Online Only Auction

Bidding begins to close on Tuesday, June 2^nd at 7:00pm CT. 

245 W. 2^nd St., Hastings, NE 68901

Step into opportunity with this exceptionally located commercial building just east of Hastings’ historic downtown district. Properties with this kind of square footage, character, and flexibility rarely come to market—especially in such a sought-after location on 2nd Street.

Formerly home to a commercial electrical business, this property offers a powerful combination of functionality and character, highlighted by classic Chicago brick walls, expansive work areas, and multiple office configurations. Whether you're an entrepreneur, investor, or visionary buyer, this building is ready to be transformed. Public viewing is available by appointment.

Interior Features

This is more than just a commercial space—it’s a versatile property ready to adapt to your vision. The structure, layout, and character make it an ideal candidate for business use, storage, or redevelopment.

The main floor offers approximately 1,000 sq. ft. of office space (40’ x 25’) and includes a draft room, reception area, multiple offices, and an “L”-shaped workspace. The south portion of the warehouse area measures 55’ x 22’, providing excellent space for storage or shop use.

An east concrete block addition (24’4” x 46’, approximately 1,150 sq. ft.) includes heat, a restroom, and garage door access. The southeast wing adds additional flexible-use space measuring 24’ x 20’.

The upper level features a main office (19’9” x 20’), an “L”-shaped drafting room (11’4” x 9’1” and 14’6” x 21’7”), a large break room (29’9” x 17’1”), and an expansive storage area measuring 70’ x 25’. This level offers strong potential for office expansion or future residential conversion.

The basement measures 25’ x 100’ and features full brick construction with reinforced I-beam ceiling support. Divided into three separate rooms, it provides excellent space for storage, mechanicals, or additional use.

Exterior & Location Features

Located just east of Hastings’ historic downtown district, this property offers excellent visibility and accessibility in a highly desirable commercial area. The classic Chicago brick construction adds character and industrial appeal, making it well-suited for a variety of uses.

Zoned Commercial and situated on a 5,000 sq. ft. lot, this property presents a rare opportunity for redevelopment, investment, or business expansion. Whether you’re looking to launch or grow a business, create a unique live/work space, or develop a multi-use property (subject to zoning approval), the possibilities here are extensive.

Opportunity Highlights

-Prime location near historic downtown Hastings

-Zoned Commercial

-5,000 sq. ft. lot

-Classic brick interior with industrial character

-Multiple office, warehouse, and storage areas

-Heated concrete block addition with garage access

-Large basement with reinforced I-beam construction

-Strong redevelopment and investment potential

A Property That Adapts to Your Vision

This is more than just a commercial space—it’s a blank canvas for your next big idea:

-Launch or expand a business in a high-visibility location

-Create a unique live/work space

-Convert into loft-style residential living

-Develop multi-unit apartment or mixed-use space (subject to zoning approval)

-Establish studio, retail, warehouse, or creative workspace

The structure, layout, and character of this building make it an ideal candidate for adaptive reuse, blending historic charm with modern functionality.

Property Highlights

-Prime location near historic downtown Hastings

-Zoned Commercial

-The lot consists of 5,000 sq. feet.

-Classic brick interior elements with industrial appeal

-Multiple office spaces, warehouse areas, and storage

-Heated concrete block addition with garage access

-Large basement with reinforced I-beam construction

-Tremendous redevelopment and investment potential

Main Floor – Function Meets Flexibility

The main level offers a versatile layout designed to support a wide range of uses:

-Main Office Area (1,000 sq. ft.) – 40’ x 25’ Includes draft room, reception, multiple offices, and an “L”-shaped workspace

-Warehouse Area (South Portion) – 55’ x 22’ Ideal for storage, shop use, or future conversion

-East Concrete Block Addition – 24’4” x 46’ (1,150 sq. ft.) Features heat, restroom, and garage door access

-Southeast Wing – 24’ x 20’ Additional flexible-use space

Upstairs – Space to Expand or Reimagine

The upper level opens the door for office expansion or residential conversion possibilities:

-Main Office – 19’9” x 20’

-“L”-Shaped Drafting Room – 11’4” x 9’1” & 14’6” x 21’7”

-Large Break Room – 29’9” x 17’1”

-Expansive Storage Area – 70’ x 25’

Perfect for transforming into loft-style apartments, studio living, or private residential quarters.

Basement – Solid Foundation & Storage

-25’ x 100’

-Full brick construction

-Reinforced with I-beam ceiling

-Divided into 3 separate rooms

Ideal for storage, mechanicals, or additional usable space.

Character + Location + Opportunity

With its historic brick interior, substantial square footage, and unbeatable location, this property is perfectly positioned for someone ready to create something truly unique. Whether you’re looking to invest, develop, or design a one-of-a-kind space, this building offers the foundation to bring your vision to life.

TERMS & CONDITIONS

Final price will be determined by the auction. The final bid is subject to seller confirmation. A 10% Buyer’s Premium will be added to the sale price. For example, if you bid $100,000, the total contract price will be $105,000.

A $5,000 earnest money deposit is due within 24 hours of the auction closing. The remaining balance must be paid by cash or certified funds on or before July 10, 2026. Possession will be given at closing, subject to the existing lease.

All property sells “AS IS,” and all sales are final. Bidders are responsible for determining the condition, age, genuineness, value, and suitability of the property before bidding. Ruhter Auction and Realty, Inc. may provide descriptions in advertising, online listings, or at the auction. However, no guarantees are made regarding accuracy.

Ruhter Auction and Realty, Inc. makes no warranties, either expressed or implied. This includes warranties of merchantability or fitness for a particular purpose. Each bidder is the sole judge of value.

Bidders participating online may not inspect the property as thoroughly as in person. Therefore, Ruhter Auction and Realty, Inc. is not responsible for errors or omissions unless there is a material and intentional misrepresentation. By placing a bid, bidders agree that the property sells “AS IS” and that no returns will be accepted.

Bidders may not make any claims against Ruhter Auction and Realty, Inc., or any other party, for issues related to internet service, software, or technical failures. The auction company is not responsible for missed bids for any reason.

Additionally, bidders who participate off site acknowledge they may not inspect items as thoroughly as they could in person. Therefore, Ruhter Auction and Realty, Inc. is not responsible for errors or omissions in item descriptions unless a material and intentional misrepresentation occurs. By placing a bid, the bidder agrees that all items sell “AS IS” and understands that no returns will be accepted.

Finally, bidders may not make any claim against Ruhter Auction and Realty, Inc., or any other party, due to internet service interruptions, software issues, or technical failures during the timed auction. Furthermore, the auction company is not responsible for missed bids from any source.