Hastings Mixed-Use Investment
502 State St Hastings, MI 49058
502 State St, Hastings, MI, 49058
$349,000
For Sale
$349,000
3 Unit Apartment - Zoned as Mixed Use PUD 502 W. State Street, Hastings MI
Property Size2,278 SF
Lot Size0.20 Acres
Price / SF$153.20
Days on Market332
Property Features for 502 State St
General Information
- Standard status
- Active
- Property type
- Live-work space, Triplexes, Mixed-use properties, Multifamily properties
- Size
- 2,278 SF
- Net Rentable
- 2,278 SF
- Class
- B
- Total Parking Spaces
- 8
- Elevators
- No
- Lot size
- 0.20 Acres
- Occupancy
- 100%
- Investment Type
- Value Add
- Net Operating Income
- $31,280
Building Details
- Year Built
- 1900
- Year Renovated
- 2024
- Buildings
- 2
- Stories
- 2
- Units
- 3
Listing agency
(248) 923-4334
Listed by
David
(248) 923-4334
Added: Aug 24, 2025 Updated: Mar 16 at 9:06AM
Investment Insights
Based on property information with market context.
Located in Hastings, Michigan, this property at 502 W. State Street features a three-unit apartment building with mixed-use zoning, suitable for apartment, commercial, and office use. The property is currently fully leased to three tenants, including two one-bedroom units and one two-bedroom unit, providing immediate rental income. The flexible zoning allows for potential conversion into a boutique office or creative studio. Recent updates include two new hot water heaters, two new showers, two new range ovens, and two new refrigerators. The property is situated near downtown Hastings, with proximity to local establishments such as Walldorff Brewpub & Bistro and Seasonal Grille, as well as the Barry County Courthouse. Daily conveniences are easily accessible with Family Fare Supermarket and Walgreens nearby. Recreational opportunities include the Thornapple River Walk and Tyden Park, both located within blocks of the property. Unit #1, a two-bedroom apartment, rents for $1200 per month plus $200 for utilities and features central air. Unit #2, a large studio, rents for $950 per month plus $200 for utilities. Unit #3, a one-bedroom upstairs unit, rents for $950 per month plus $200 for utilities. Monthly utilities average $250, and water averages $75 per month. The lot size is 0.2 acres, and the property size is 2278 units.
Key Highlights
- 3 current tenants. Multiple listing under different categories (Residential, Commercial and Multifamily) unit #1 2 bedroom $1200/mo plus $200 utilities "central air" ; unit #2 large studio $950/mo plus $200 utilities unit #3 1 bedroom upstairs $950/ mo plus $200 utilities monthly utilities average $250 a month water average $ 75.00 month 2 new hot water heaters 2 new showers 2 new ovens 2 new refrigerators
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bercier Family Chiropractic: ...
Alternative Medicine Practice
Bercier Danielle DC
Alternative Medicine Practice
Robert Bercier D.C. ...
Alternative Medicine Practice
Bercier Family Chiropractic
Alternative Medicine Practice
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FAQs
What type of property is this?
Live-work space - 3 Unit Apartment - Zoned as Mixed Use PUD 502 W. State Street, Hastings MI
Where is this live-work space located?
The property is located at 502 State St Hastings, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 3 current tenants. Multiple listing under different categories (Residential, Commercial and Multifamily) unit #1 2 bedroom $1200/mo plus $200 utilities "central air" ; unit #2 large studio $950/mo plus $200 utilities unit #3 1 bedroom upstairs $950/ mo plus $200 utilities monthly utilities average $250 a month water average $ 75.00 month 2 new hot water heaters 2 new showers 2 new ovens 2 new refrigerators
