Hastings, MI 49058,502 W State ST
Hastings, MI 49058,502 W State ST
Hastings, MI 49058,502 W State ST
36
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$349,000
Est. payment /mo
2,278 SqFt
Active

502 W State ST Hastings, MI 49058

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Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 2,278 sqft

Price per Sqft $153

Subdivision Orig Plan Of The Village Of The City Of Hastings

MLS Listing ID 20251030241

Year Built 1900

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type RealEstateOnly

Property Description

Fabulous investment opportunity in the heart of Hastings being offered at a 8.96% Cap Rate. 3 Unit Apartment but has mixed zoning and could be used for other purposes if so desired.
Unlock the potential of this rare gem in the heart of the city's vibrant PUD district! This versatile three-unit property is zoned for apartment, commercial, and office use, making it a dream opportunity for entrepreneurs, small business owners, or savvy investors.

Currently, the property is fully occupied by three separate tenants: two charming 1-bedroom units and a spacious 2-bedroom unit, ensuring steady rental income from day one. The flexible zoning allows you to reimagine the space as a boutique office, creative studio, or continue as a multi-family rental—tailor it to your vision!
Many updates to include 2 new hot water heaters, 2 new showers. 2 new Range ovens, 2 new refrigerators.

Step outside and you're tenants just moments from the best of downtown Hastings. Enjoy proximity to local favorites like Walldorff Brewpub & Bistro, Seasonal Grille, and the historic Barry County Courthouse. Daily conveniences are at their fingertips with Family Fare Supermarket and Walgreens nearby, while the Thornapple River Walk and Tyden Park offer scenic escapes just blocks away.

Whether you're looking to expand your investment portfolio or launch your next business venture, 502 W. State Street delivers unmatched flexibility, location, and income potential. Don't miss your chance to own a cornerstone property in one of Hastings' most dynamic neighborhoods!

Proforma available based on current rents and expenses.

Location

State MI

County Barry

Area Area91072Hastings

Rooms

Basement SumpPump

Interior

Heating Forced Air, Natural Gas

Cooling CentralAir

Fireplace No

Exterior

Parking Features Garage

Utilities Available AboveGroundUtilities, UndergroundUtilities

View Y/N No

Roof Type Asphalt

Garage true

Building

Foundation Basement, Block, BrickMortar, SumpPump

Sewer Public Sewer

Water Public

New Construction No

Schools

High Schools Hastings

School District Hastings

Others

Senior Community false

Acceptable Financing Cash, Conventional, OwnerMayCarry

Listing Terms Cash, Conventional, OwnerMayCarry

Special Listing Condition ShortSaleNo, Standard

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Realcomp MLS
Listed by David Elwood of Epique Realty

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Forest Dorling

Forest Dorling

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502 W State ST