Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Premium Building Site in Ionia Title is generated by Realmo AI

    VL Parcel 4 & 5 1581 Kelsey Highway, Ionia, MI 48846

    View on Map
    Claim this Listing
    Picture of Land at VL Parcel 4 & 5 1581 Kelsey Highway, Ionia, MI
    For Sale
    $99,800

    LAND - Ionia, MI

    Lot size:
    4.00 Acres
    Added:
    Feb 7, 2025
    Days on Market:
    469
    Last Refresh:
    May 22 at 2:06 am

    Property Features for VL Parcel 4 & 5 1581 Kelsey Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    34-060-029-000-265-19
    Lot size
    4.00 Acres

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Darin K Elliott
    Darin K Elliott

    Listing agent Darin K Elliott

    Listing office Greenridge Realty (Ionia) 2031 S State Rd, Suite C, Grand Rapids, MI

    Listing date Feb 7, 2025

    MLS# 25058302 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Premium 4‑acre building site.
    • Convenient location: close to downtown, schools, retail strip, and I‑96.
    • Beautiful country setting.
    • Electricity Available.
    • South Ionia location.
    • Suitable for developers and builders.

    Overview

    Parcels 4 & 5 Kelsey HWY offer a 4-acre building site in South Ionia. The location provides a country setting with proximity to downtown, schools, a retail strip, and I-96. Multiple sites and sizes are available. Developers and builders are welcome. No manufactured homes are allowed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lauer Group Training Center

    Suggested Use

    Restaurant Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Ionia
    County
    Ionia
    State
    Michigan
    Longitude
    -85.044191
    Latitude
    42.963391

    Nearby Similar for Sale

    • $700,000
      11,386 SF

      Iconic Mixed-Use Stevenson Building

      Fully leased mixed-use property with value-add potential in downtown Ionia.
      405 W Main Street, Ionia, MI 48846
      View Details
    • $299,900
      1,344 SF

      Ionia Commercial Property on M66

      1344 SF commercial property on 3.7 acres with dog park.
      2389 N State Road, Ionia, MI 48846
      View Details
    • $649,900
      8,120 SF

      Versatile Commercial Property with Income

      7,520 sq ft indoor space plus 720 sq ft outdoor.
      1447 Kelsey Highway, Ionia Township, MI 48846
      View Details
    • $265,000

      Barndominium Shell on Spacious Land

      4.56 acre property with barndominium shell ready for customization.
      1057 W Tuttle Road, Ionia, MI 48846
      View Details
    • $175,000

      Ionia Duplex: Investment Opportunity

      Impeccably maintained duplex near downtown Ionia, fully rented.
      258 E Adams Street, Ionia, MI 48846
      View Details
    • $225,000

      Ionia Multi-Unit Brick Property

      Well-maintained duplex with recent updates and immediate rental income.
      302 W Lincoln Avenue, Ionia, MI 48846
      View Details
    • $65,000

      2.15 Acres Buildable Vacant Lot

      Buildable 2.15-acre vacant lot on a paved road.
      Sayles Road lot: C, Ionia, MI 48846
      View Details
    • $499,000

      Commercial Land on M21 & M66

      3.53 acres at the corner of M21 and M66.
      428 W Lincoln Avenue, Ionia, MI 48846
      View Details
    • $225,000
      4,720 SF

      Ionia Commercial Building For Sale

      4720 SF commercial building in Ionia, multiple units.
      910 E Lincoln Avenue, Ionia, MI 48846
      View Details
    • $125,000

      Ionia Land with Creek Access

      6.9 acre parcel near Prairie Creek, ideal for nature lovers.
      E Charles Road, Ionia, MI 48846
      View Details
    • $45,000

      Buildable Vacant Lot in Ionia

      1.88-acre buildable lot on a paved road in Ionia, MI.
      Sayles Road lot: B, Ionia, MI 48846
      View Details
    • $38,299

      Vacant Land Near Downtown Ionia

      0.34 acre vacant land suitable for residential development.
      528 E Main Street, Ionia, MI 48846
      View Details

    FAQs

    What type of property is this?
    Land - Four-acre building site in a convenient Ionia location.
    Where is this land located?
    The property is located at VL Parcel 4 & 5 1581 Kelsey Highway Ionia, MI.
    What is the asking price?
    The asking price for this property is $99,800.
    What are key features of this property?
    This property features: Premium 4‑acre building site.; Convenient location: close to downtown, schools, retail strip, and I‑96.; Beautiful country setting.
    (616) 902-2235
    We can help!
    Listing Contact
    Darin K Elliott
    Darin K Elliott
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    VL Parcel 4 & 5 1581 Kelsey Highway, Ionia, MI 48846
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!