Downtown Corner
For Lease
$7 SF/Yr
420 S Steele Street, Ionia, MI 48846
Commercial Lease, Ionia, MI
Space SizeContact for details
Lot Size0.80 Acres
Days on Market357
Property Features for 420 S Steele Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
B-3
Fireplace
1
Elementary school district
Ionia
Middle school district
Ionia
High school district
Ionia
Subdivision
Grand Rapids - G
Standard status
Active
APN
20104000013000
Size
15,006 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
Legal in LO
Legal Description
Legal in LO
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1935
Building materials
Concrete, Brick
Roof type
Rubber
Listing Agency:
Signature Associates Holland
Listed By:
Thomas J Elhart
(616) 396-7788
Added: Sep 16, 2025
Changed: Sep 7
Last Checked: Sep 7 at 2:06PM
MLS# 25059639
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.
Investment Insights
Based on property information with market context.
Available for lease, this 15,006-square-foot storefront occupies a 0.8-acre property at 420 S Steele Street in Ionia. The building sits at the corner of Nash Ct. and S Steele Street, near the entrance to the downtown district. B-3 zoning applies, and the owner has indicated flexibility regarding potential purchase options.
Originally built in 1935, the structure features concrete and brick construction, forced-air heating, central air conditioning, a rubber roof, and a fireplace. Cable service is available. The owner also holds a marijuana dispensary license and would work with potential tenants interested in that use.
Originally built in 1935, the structure features concrete and brick construction, forced-air heating, central air conditioning, a rubber roof, and a fireplace. Cable service is available. The owner also holds a marijuana dispensary license and would work with potential tenants interested in that use.
Key Highlights
- 15,006‑square‑foot storefront on a 0.8‑acre property
- Corner position at Nash Ct. and S Steele Street
- B‑3 zoning
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
33k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 29%
Burger King
Dining
14,485 visits/mo
0.4 miles
Little Caesars Pizza
Dining
6,921 visits/mo
0.4 miles
Independent Bank
Shops & Services
5,565 visits/mo
0.1 miles
AutoZone
Shops & Services
3,584 visits/mo
0.5 miles
Domino's Pizza
Dining
2,265 visits/mo
0.5 miles
Demographics for 48846, MI
22,470
Population
7,597
Households
3
Avg Household Size
38
Median Age
12%
College-Educated
88%
High-School Grad
110.6 sq mi
ZIP Area
203
Density / Sq Mi
$66,717
Median Household Income
$37,858
Median Earnings
$804
Median Rent
$172,300
Median Home Value
Market
Lease Benchmarks for Ionia, MI
$7.2 /SF/Yr
Avg Asking Price
$7–$8 /SF/Yr
Price Range
8,680 SF
Avg Space Size
This space is priced 3% below the average of $7.2 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ionia Floral — 470 S Steele St, Ionia, MI 48846
Frequently Asked Questions
What type of property is this?
Storefront property - The property carries B-3 zoning and includes central air conditioning.
Where is this storefront property located?
The property is located at 420 S Steele Street Ionia, MI.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: 15,006‑square‑foot storefront on a 0.8‑acre property; Corner position at Nash Ct. and S Steele Street; B‑3 zoning
