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Downtown Hastings Storefront with Redevelopment Potential
For Sale
$265,000

126 W State St, Hastings, MI 49058

Two-story storefront in downtown Hastings with redevelopment potential.

Property SizeContact for details
Days on Market137

Property Features for 126 W State St

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $3,725

Building Details

Year Built 1856
Units 2
Listing Agency: Real Estate Plus
Listed By: Michael G Kothe
Source: Elliman
Added: Mar 29 Changed: Aug 12 Last Checked: Aug 12 at 8:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Plus

Investment Insights

Based on property information with market context.

This two-story storefront is located in downtown Hastings, Michigan, and offers redevelopment potential. The property, situated at 126 W. State St., has served as a retail space for many decades. Constructed in 1856, according to the City of Hastings, the building features a full basement for storage. The upper floor, characterized by grand windows, could be converted back to living space. The new owner may qualify for grant funds to improve the street and rear facades, and additional grant funds may be available to return the upper floor to residential use. The location has a walk score of 64, indicating it is somewhat walkable, and a bike score of 49, indicating it is somewhat bikeable.

Key Highlights

  • Prime downtown location in quaint Hastings, Michigan.
  • Significant redevelopment potential for various uses.
  • Grant funds may be available for facade improvements and residential conversion.

Property Analytics

Current Use

Grown & Made Local ... Food Market Caleb's Closet Charitable Organization Left Field Coffee ... Cafe & Coffee Shop

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Daycare Center Bakery Barber Shop Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

735
Businesses Nearby
184k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 48% Groceries 15% Apparel 14% Shops & Services 13%
Family Fare Groceries
27,976 visits/mo 0.2 miles
McDonald's Dining
26,363 visits/mo 0.4 miles
T.J. Maxx Apparel
23,511 visits/mo 0.2 miles
Taco Bell Dining
14,833 visits/mo 0.3 miles
Wendy's Dining
14,270 visits/mo 0.1 miles

Demographics for 49058, MI

19,422
Population
8,337
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
147.6 sq mi
ZIP Area
132
Density / Sq Mi
$71,169
Median Household Income
$40,868
Median Earnings
$928
Median Rent
$210,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Barlow Florist 109 W State St, Hastings, MI 49058
  • Floral Designs of Hastings 110 W State St, Hastings, MI 49058

Frequently Asked Questions

What type of property is this?
Storefront property - Two-story storefront in downtown Hastings with redevelopment potential.
Where is this storefront property located?
The property is located at 126 W State St Hastings, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Prime downtown location in quaint Hastings, Michigan.; Significant redevelopment potential for various uses.; Grant funds may be available for facade improvements and residential conversion.
More about this property
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