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Retail/Office Space with Elevator
For Lease
$16 SF/Yr

400 W State Street #2A, Hastings, MI 49058

Flexible upper and lower level retail or office space with elevator access and signage potential near downtown Hastings.

Property Size1,023 SF
Days on Market843

Property Features for 400 W State Street #2A

General Information

Standard status Active
Size 1,023 SF
Lease Type /mo
Lease Term Triple Net Lease

Additional Details

Lease Term 120 months

Amenities

elevator access

Building Details

Building Size 1,023 SF
Year Built 1961
Listing Agency: NAI Wisinski of West Michigan
Listed By: Connor Schultze · License #6501453214
Source: Sabudarealty
Added: Apr 9, 2024 Changed: Jul 28 Last Checked: Jul 30 at 1:08PM

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 NAI Wisinski of West Michigan

Investment Insights

Based on property information with market context.

This retail/office space offers flexible configurations with options on both upper and lower levels, including elevator access. The space provides an opportunity to customize interiors with build-to-suit options to align with tenant needs. There is also potential for a drive-thru window and a signage opportunity at the property.

Located on W State Street just outside downtown Hastings, the space benefits from visibility along the street and proximity to the downtown area.

The property is available for lease with a stated lease term of 60 to 120 months, and space sizes are reported to range from 785 to 5,000 square feet across available options.

Key Highlights

  • Retail/office space built in 1961 with flexible upper and lower level options
  • Elevator access for both upper and lower level spaces
  • Multiple available spaces ranging from 785 to 5,000 SF

Property Analytics

Current Use

Edward Jones - Financial ... Financial Advisor Hastings Pharmacy Pharmacy Donald Eichholz Pharmacy

Suggested Use

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

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

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

514
Businesses Nearby

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

Lease Benchmarks for Hastings, MI

$18.8 /SF/Yr
Avg Asking Price
$16–$23 /SF/Yr
Price Range
1,429 SF
Avg Space Size

This space is priced 15% below the average of $18.8 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Flexible upper and lower level retail or office space with elevator access and signage potential near downtown Hastings.
Where is this retail space located?
The property is located at 400 W State Street #2A Hastings, MI.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Retail/office space built in 1961 with flexible upper and lower level options; Elevator access for both upper and lower level spaces; Multiple available spaces ranging from 785 to 5,000 SF
More about this property
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