502 W State Street, Hastings, MI 49058
502 W State Street, Hastings, MI 49058
502 W State Street, Hastings, MI 49058
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$349,000
Est. payment /mo
2,278 SqFt
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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 20251030241

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

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Listed by Epique Realty

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

Name

Name

Phone*

Phone

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