For Sale
502 W State Street, Hastings, MI 49058
$349,000
MLS # 20251027913 (Realcomp)
Built 19000.2 acres
1 / 36
Listing Description
Fabulous investment opportunity in the heart of Hastings being offered at a 8.96% Cap Rate. 3 Unit Apartment but has mixed zoning and could be used for other purposes if so desired. Unlock the potential of this rare gem in the heart of the city’s vibrant PUD district! This versatile three-unit property is zoned for apartment, commercial, and office use, making it a dream opportunity for entrepreneurs, small business owners, or savvy investors.Currently, the property is fully occupied by three separate tenants: two charming 1-bedroom units and a spacious 2-bedroom unit, ensuring steady rental income from day one. The flexible zoning allows you to reimagine the space as a boutique office, creative studio, or continue as a multi-family rental—tailor it to your vision!Many updates to include 2 new hot water heaters, 2 new showers. 2 new Range ovens, 2 new refrigerators.Step outside and you’re tenants just moments from the best of downtown Hastings. Enjoy proximity to local favorites like Walldorff Brewpub & Bistro, Seasonal Grille, and the historic Barry County Courthouse. Daily conveniences are at their fingertips with Family Fare Supermarket and Walgreens nearby, while the Thornapple River Walk and Tyden Park offer scenic escapes just blocks away.Whether you’re looking to expand your investment portfolio or launch your next business venture, 502 W. State Street delivers unmatched flexibility, location, and income potential. Don’t miss your chance to own a cornerstone property in one of Hastings’ most dynamic neighborhoods!Proforma available based on current rents and expenses.
Source: SparkMLS
About this home
Located in Hastings in Hastings, this property offers 3-bath, with original construction dating to 1900.
Listed at $349,000.
Annual property taxes run approximately $5,799 ($483/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company. Broadband is available with download speeds up to 1,200 Mbps from 8 providers.
Tour
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.2 acres
Year Built1900
Location
CityHastings
MunicipalityHastings
Zip Code49058
CountyBarry
School DistrictHastings
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed8/14/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,799
Parcel #5500120500
Source: SparkMLS
Legal Description
LOT 668 OF ORIG PLAN OF THE VILLAGE (NOW CITY) OF HASTINGS.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by David Elwood
Epique Realty
Frequently Asked Questions about 502 W State Street, Hastings, MI 49058
Which school district serves 502 W State Street, Hastings, MI 49058?
Per MLS# 20251027913, 502 W State Street, Hastings, MI 49058 is in the Hastings boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Hastings directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20251027913, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 502 W State Street, Hastings, MI 49058?
Per public tax records, annual property taxes for this property are $5,799. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 502 W State Street, Hastings, MI 49058 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 502 W State Street, Hastings, MI 49058 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 502 W State Street, Hastings, MI 49058. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 502 W State Street, Hastings, MI 49058?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Hastings police department or the Barry County sheriff's office.
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Monthly payment$2,264
Principal & interest$2,264
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
50 Mbps
CableGSO SatelliteUnlicensed Fixed WirelessLicensed Fixed WirelessSatelliteDSL
8 providers at this address
1.2 Gbps
StarlinkGSO Satellite
280 MbpsMercury FiberUnlicensed Fixed Wireless
150 MbpsT-MobileLicensed Fixed Wireless
100 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsAT&TDSL
25 MbpsMEIUnlicensed Fixed Wireless
25 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
502 W State Street, Hastings, MI 49058
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Municipality
Hastings
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