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$ 349,000
Est. payment /mo
New
502 W State Street Hastings, MI 49058
2,278 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,278 sqft
Price per Sqft $153
Municipality Hastings
Subdivision Hastings
MLS Listing ID 20251030243
Year Built 1900
Annual Tax Amount $5,799
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 68 X 133 X 67 X 133
Source Realcomp
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
Zoning Commercial,Multiple,Offic
Direction Located on SE corner of S. Washington and W. State Street
Rooms
Basement Basement
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Block, Brick/Mortar
Water Public
Structure Type Vinyl Siding
Schools
School District Hastings
Others
Tax ID 5500120500
Listed by Epique Realty