502 W State ST Active Save Request In-Person Tour Request Virtual Tour
Hastings,MI 49058
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
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
Interior
Heating ForcedAir, NaturalGas
Cooling CentralAir
Exterior
Parking Features Garage
Utilities Available AboveGroundUtilities, UndergroundUtilities
View Y/N No
Roof Type Asphalt
Building
Foundation Basement, Block, BrickMortar, SumpPump
Sewer PublicSewer
Water Public
Schools
School District Hastings
Others
Acceptable Financing Cash, Conventional, OwnerMayCarry
Listing Terms Cash, Conventional, OwnerMayCarry
Special Listing Condition ShortSaleNo, Standard