502 W State St, Hastings, MI 49058

Building Details

Year Built

1900

Listing office Epique Realty d***@elwood.biz Show Phone

Listing date Mar 11, 2026

Source Elliman

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Overview

This three-unit property in Hastings presents an investment opportunity with an 8.96% cap rate. Zoned for apartment, commercial, and office use, the property offers versatility for entrepreneurs, small business owners, or investors. The building is currently fully occupied by three tenants, including two one-bedroom units and one two-bedroom unit. Updates include two new hot water heaters, two new showers, two new range ovens, and two new refrigerators. The location provides proximity to downtown Hastings, with local establishments such as Walldorff Brewpub & Bistro and Seasonal Grille, as well as the Barry County Courthouse. Daily conveniences are accessible with Family Fare Supermarket and Walgreens nearby. The Thornapple River Walk and Tyden Park are also within blocks of the property. The flexible zoning allows for potential uses such as a boutique office, creative studio, or continued use as a multi-family rental. The property is located in the city’s PUD district.

Suggested Use

Real Estate Agency Dental Office Law Firm Skin Care Clinic Daycare Center HVAC Service Auto Parts Store Bar & Pub Barber Shop Hotel & Motel

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

Location Insight

• Map
• Local Demand

City

Hastings

County

Barry

State

Michigan

Longitude

-85.2806

Latitude

42.6466

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FAQs

What type of property is this?

Triplex - Three-unit property with mixed zoning in Hastings' vibrant downtown.

Where is this triplex located?

The property is located at 502 W 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: High Cap Rate: Offered at an 8.96% Cap Rate, representing a strong investment opportunity.; Flexible Zoning: Zoned for apartment, commercial, and office use, providing diverse options for use and development.; Fully Occupied: Currently fully occupied by three tenants, ensuring immediate rental income.