HASTINGS – The Imperial Mall in Hastings will be up for auction later this month on October 28-30. It will be an online auction with the starting bid sitting at $100,000. The transaction fee is five percent or a minimum of $40,000.
All of the tenants have moved out of the building after the Nebraska State Fire Marshal’s Office found multiple code violations. The description for the mall on the auction website says that is has 49 vacant units totaling 319,611 square feet. It also says that there is significant upside potential for the mall through lease up strategies and repositioning or redevelopment.