Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    700 E Woodlawn Ave Hastings, MI 49058

    Sponsored
    For Sale
    $239,900

    LAND - Hastings, MI

    Lot size:
    17.66 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 28 at 5:06 pm

    Property Features for 700 E Woodlawn Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    55-085-001-51
    Lot size
    17.66 Acres

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Janice Hawthorne

    Jaqua Realtors (269) 341-4300

    Listing agent Janice A Hawthorne (269) 704-1000

    Listing date Jan 27, 2026

    MLS# 26003140

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hastings, MI Developable Land

    This 17.66-acre lot is located in the city of Hastings. It is developable and situated in an area with multi-housing developments. Water and sewer hookups are available at the Woodlawn Avenue entrance. The southern end of the parcel extends to E Charles Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Kitchen & Bath Food Market Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hastings
    County
    Barry
    State
    Michigan
    Longitude
    -85.275137
    Latitude
    42.659578

    Nearby Similar for Sale

    • $424,900
      3,357 SF

      Versatile Commercial Property on 5 Acres

      Commercial property with living space, suitable for assisted living.
      2895 M 79 Hwy, Hastings, MI 49058
      View Details
    • $290,000
      0.25 Acres

      Hastings Multifamily Property For Sale

      Duplex with separate utility meters and fruit trees in backyard.
      720 S Jefferson St, Hastings, MI 49058
      View Details
    • $450,000
      11,538 SF

      Versatile Commercial Property with Cranes

      High-visibility commercial property with cranes, ideal for manufacturing and storage.
      1065 W Green St, Hastings, MI 49058
      View Details
    • $92,900
      0.31 Acres

      Versatile Pole Barn with Loft

      Pole barn on 0.31 acres, equipped with electric and water.
      1859 Jester Dr, Hastings, MI 49058
      View Details
    • $225,000
      1,625 SF

      Established Restaurant in Downtown Hastings

      Well-established diner in downtown Hastings, ready for new ownership.
      139 E Court St, Hastings, MI 49058
      View Details
    • $595,000
      5,068 SF

      Industrial Building with Lay Down Yard

      5,068 SF Hastings building ideal for industrial or commercial use.
      1663 S Hanover St, Hastings, MI 49058
      View Details
    • $225,000

      Established Diner in Downtown Hastings

      Well-established diner in downtown Hastings, serving the community for decades.
      139 E Court St, Hastings, MI 49058
      View Details
    • $3,049,000
      8,700 SF

      Retail Property in Hastings, MI

      Retail property for sale with 8,700 square feet of space.
      1450 W M 43 Hwy, Hastings, MI 49058
      View Details
    • $399,000

      Hastings Specialty Property For Sale

      Specialty property available for purchase in Hastings, Michigan.
      228 N Jefferson St, Hastings, MI 49058
      View Details
    • $399,000
      2,066 SF

      Restaurant For Sale in Barry County, MI

      Cafe Style Restaurant For Sale in Barry County, MI
      Hastings, MI 49058
      View Details
    • $349,000
      2,278 SF

      3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI

      3 Unit Apartment - Zoned as Mixed Use PUD 502 W. State Street, Hastings MI
      502 State St, Hastings, MI 49058
      View Details

    FAQs

    What type of property is this?
    Commercial land - 17.66 acre lot in Hastings, suitable for development.
    Where is this commercial land located?
    The property is located at 700 E Woodlawn Ave Hastings, MI.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - Developable lot in Hastings, presenting a fantastic opportunity.; - Located in an area of multi-housing developments.; - Water and sewer available for hook up at entrance on Woodlawn.
    (269) 704-1000
    Request Owner's contact information
    700 E Woodlawn Ave Hastings, MI 49058
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    700 E Woodlawn Ave
    Hastings, MI 49058
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 E Woodlawn Ave Hastings, MI 49058
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Janice Hawthorne
    (269) 704-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.