502 W State Street, Hastings City, MI 49058
ORIG PLAN OF THE VILLAGE OF THE CITY OF HASTINGS · Barry County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Year Built
1900
Living Area
2,278 sq ft
Lot Size
0.20 acres
Lot Dimensions
68 X 133 X 67 X 133
Days on Market
195
MLS® Listing#
20251030241
Property Features
Appliances
Cooling
Heating
Basement
Parking
Construction
Foundation
Roof
Community
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$5,799
Assessed Value
$108,500
Parcel Number
5500120500
Directions
Located on SE corner of S. Washington and W. State Street
Affordability Calculator
$69,800
Estimated monthly payment
$1,858/mo
Principal $279,200 · Est. interest $389,509 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hastings City, MI
- $235,677
- Median Listing Price
- 60
- Median Days on Market
- 1,492
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 13,356
- Active Listings
- This home’s price is 48% above the area median.
- Its price per sq ft is 13% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hastings City, MI.
Location
Points of Interest in Hastings City, MI
Showing the Hastings City area map.
Nearby Schools
Central Elementary School
Elementary · 0.3 mi away
Hastings Middle School
Secondary · 0.4 mi away
St Rose Catholic School
Secondary · 0.5 mi away
Hastings High School
Secondary · 0.7 mi away
Northeastern Elementary School
Elementary · 0.9 mi away
Barry Intermediate School District
School · 0.9 mi away
Southeastern Elementary School
Elementary · 1.0 mi away
Seventh-Day Adventist Church
School · 1.6 mi away
Star Elementary School
Elementary · 1.8 mi away
Hinds School
School · 5.4 mi away
Cedar Creek Christian School
School · 9.1 mi away
Woodland Elementary School
Elementary · 9.6 mi away
Lakewood Public Schools
School · 9.6 mi away
Education Station
School · 9.9 mi away
Battle Creek Outdoor Education
School · 10.0 mi away
McFall Elementary School
Elementary · 10.1 mi away
Lee Elementary School
Elementary · 10.4 mi away
Thornapple Kellogg High School
Secondary · 10.4 mi away
Fuller Street Elementary School
Elementary · 10.6 mi away
Page Elementary School
Elementary · 10.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 74 Washington Street, Mt Clemens City, MI | $244,900 | 5 | 3 | 2,900 |
| 11840 Farmington Rd Road 59, Livonia City, MI | $244,900 | 2 | 2 | 1,442 |
| 610 Ontario Street, Port Huron City, MI | $244,900 | 6 | 5 | 2,710 |
| 234 N Howard Avenue, Croswell City, MI | $244,900 | 4 | 2 | 1,600 |
| 24483 Bashian Drive, Novi City, MI | $244,900 | 3 | 3 | 1,646 |
| 5239 East 13 Mile Road, Warren City, MI | $244,900 | 3 | 2 | 1,918 |
Moving Cost Estimate
EXIT Agents in Hastings City
Listing Courtesy: Epique Realty - 2482182604
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