32
See all 32 photos
$349,000
Est. payment /mo
2,278 SqFt
Active
502 W State Street Hastings, MI 49058 1642
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,278 sqft
Price per Sqft $153
Subdivision Mi
MLS Listing ID 60930746
Annual Tax Amount $5,799
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 68 X 133 X 67 X 133
Property Sub-Type Commercial/Industrial
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 Hastings (08021)
Zoning Mixed Use,Professional Office,Commercial
Interior
Heating Forced Air
Exterior
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Vinyl Siding
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://book.boulevardrealestatemedia.com/sites/vewznzk/unbranded
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Epique Realty
GET MORE INFORMATION