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    420 S Steele St Ionia, MI 48846

    Picture of Retail space at S Steele St 420, Ionia, MI
    For Lease
    $7 SF/Yr ($8,753 /Mo)

    COMMERCIAL - Ionia, MI

    Type:Retail
    Property size:
    15,006 SF
    Lot size:
    0.80 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 420 S Steele St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    20104000013000
    Fireplace
    1
    Size
    15,006 SF
    Lot size
    0.80 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1935
    Building materials
    Concrete, Brick
    Roof type
    Rubber

    Signature Associates Kalamazoo (269) 385-2000

    Listing agent Peter K. Cachey (616) 259-6386

    Listing date Nov 24, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Downtown Ionia

    Located on the corner of Nash Court and South Steele Street, this retail space is situated at the entrance to the downtown district of Ionia, Michigan. The property is zoned B-3, allowing for a wide range of potential uses. The lot size is 0.8 acres and the property size is 15006 square feet. The owner is open to purchase options and possesses a marijuana dispensary license, expressing willingness to collaborate with potential tenants in this field.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ionia
    County
    Ionia
    State
    Michigan
    Longitude
    -85.067555
    Latitude
    42.975942

    Nearby Similar for Lease

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      420 S Steele St, Ionia, MI 48846
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      Retail Space in Downtown Ionia

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      420 S Steele St, Ionia, MI 48846
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    FAQs

    What type of property is this?
    Retail space - Retail space for lease in Ionia's downtown district.
    Where is this retail space located?
    The property is located at 420 S Steele St Ionia, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on the hard corner of Nash Ct. and S Steele Street in downtown Ionia.; - B-3 zoning allows for a wide range of business possibilities.; - Seller possesses a marijuana dispensary license and is willing to work with potential tenants.
    (616) 259-6386
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    420 S Steele St Ionia, MI 48846
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    Ionia, MI 48846
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    Realmo Value Estimation

    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.

    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.

    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
    420 S Steele St Ionia, MI 48846
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