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    Ionia, MI
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    Mixed-Use Building with Retail and Apartments
    Updated: Apr 30
    Mixed-Use Building with Retail and Apartments

    405 W Main Street, Ionia, MI 48846

    $700,000
    11,386 sqft 0.21 AC lot
    Iconic red brick Stevenson Building in historic downtown Ionia, featuring mixed‑use space with residential units and retail storefronts
    Second floor has five apartments, all currently leased
    Street level includes two retail spaces
    Recent improvements include a new roof
    Year built 1890; construction is brick with composition roof, central air, and baseboard heating
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    This listing looks promising.

    Here's a quick look at some key insights for

    405 W Main Street, Ionia, MI 48846

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    • Est. Cap Rate

      7.7%
      Above avg (5.9%)

    • Est. NOI

      $54K
      Annual

    • Price @ 7% Cap

      $769K
      Above asking
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    Leased Mixed-Use Building with Retail
    Updated: Apr 23
    Leased Mixed-Use Building with Retail

    W 405 W Main Street Unit SourceFi, Ionia, MI 48846

    $700,000
    11,386 sqft
    Fully leased mixed‑use building with street‑level retail plus five leased apartments on the second floor
    Year built: 1890
    Composition roof with recent improvements reported as a new roof
    Street‑level includes two retail spaces
    Third floor offers a value‑add possibility to create four loft‑style apartments
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    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    405 W Main Street, Ionia, MI 48846

    $700,000

    Street-level retail complements leased apartments and a third-floor loft conversion opportunity.

    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Ionia, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Apartment Building
    Five-Unit Apartment Building

    623 Cherry Street SE, Grand Rapids, MI 49503

    $689,900
    0.39 AC lot

    Five 1BR/1BA units with off-street parking, offering a straightforward multifamily configuration in Grand Rapids.

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    623 Cherry St SE, Grand Rapids, MI 49503

    $689,900

    Five 1-bed, 1-bath units with off-street parking, currently generating stated monthly rent.

    View details
    Remodeled Tavern with Apartment Potential
    Remodeled Tavern with Apartment Potential

    217 S Lafayette St, Greenville, MI 48838

    $450,000
    0.07 AC lot

    Remodeled tavern with full kitchen and potential for two apartments.

    View details
    Mixed-Use Building with Ground Retail
    Mixed-Use Building with Ground Retail

    133 S Lafayette St, Greenville, MI 48838

    Contact for pricing

    Well-maintained mixed-use building offering three ground-level commercial units and five residential apartments.

    View details

    Ionia, MI Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Ionia, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 22,772 square feet of properties for sale, with an estimated market value of $2,100,000.

    Sale prices for two-family homes in Ionia, MI average $700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 22K
    Population Growth (5Y) +10.1%
    Median Household Income $66,717
    College Educated 15.6%

    High-Yield Neighborhoods for Investment

    Identify Ionia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48846 $700K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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