327 Apple StHastings, MI 49058

Property Details for 327 Apple St

Year built

1930

Lot size

0.20 AC

Property size (Sq ft)

1,200 SF

Zone code

B-4

Property type

Medical offices

Property subtype

Medical centers

APN

08-55-001-157-00

APU

85500115700

Description

This exceptional 1200-square-foot industrial property, situated at 327 W Apple Street in Hastings, Michigan, presents a compelling investment opportunity. Currently configured as a well-maintained medical office, this versatile space offers a multitude of possibilities for a new owner. The building boasts a convenient reception area, multiple private offices, and two bathrooms, providing ample space for a variety of business needs. The property sits on a 0.2-acre lot and includes the significant advantage of private parking, eliminating the hassles associated with shared parking arrangements. The low-maintenance exterior further reduces operational costs, allowing for a focus on core business activities. The interior is in excellent condition, ready for immediate occupancy, or can be easily customized to suit specific requirements through a build-out process. Its prime Hastings location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a functional and well-located space. The asking price for this attractive property is $225,000. This represents a rare opportunity to acquire a well-maintained, versatile industrial space in a desirable location at a competitive price. Don't miss out on this chance to secure your business's future in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $75,070

  6.5%

  $69,295

  7%

  $64,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $156,300

  Geo Method

  $156,300

• Alternative Use

  Use

  Valuation

  Residential

  $85,926

  Hospitality

  $78,708

  Educational

  $65,484

  Medical

  $67,736

  Retail

  $101,864

Location Insight

City

Hastings

County

Barry

State

Michigan

Latitude

42.6499

Longitude

-85.2917

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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