Ground-Level Retail
For Lease
$8 SF/Yr
450 S Steele Street, Ionia, MI 48846
Commercial Lease, Ionia, MI
Space Size4,000 SF
Lot Size0.54 Acres
Days on Market286
Property Features for 450 S Steele Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning description
Comm 201
Parking
20
Parking features
Driveway
Fireplace
1
Elementary school district
Ionia
Middle school district
Ionia
High school district
Ionia
Directions
South on M-66 to West on S. Steele St
Subdivision
Grand Rapids - G
Standard status
Active
APN
201-110-000-080-00
Size
4,080 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF IONIA COM NW COR LOT 8 H&B ADD, S 60DEG E ALNG SW BOUNDRY LI LOT 8, 174.16FT S 29DEG W 124FT, N 60DEG W 208FT, N 44DEG E ALNG SE R/W LI STEELE ST. 128.54FT TO POB
Legal Description
CITY OF IONIA COM NW COR LOT 8 H&B ADD, S 60DEG E ALNG SW BOUNDRY LI LOT 8, 174.16FT S 29DEG W 124FT, N 60DEG W 208FT, N 44DEG E ALNG SE R/W LI STEELE ST. 128.54FT TO POB
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1968
Listing Agency:
Greenridge Realty (Ionia)
(616) 527-3720
Listed By:
Darin K Elliott
(616) 902-2235
Added: Dec 24, 2025
Changed: Sep 12
Last Checked: Oct 6 at 1:06AM
MLS# 25062710
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.
This 4,000+ square foot retail space occupies a zero-grade building on a 0.54-acre parcel. The property includes forced-air heating, central air conditioning, driveway parking, cable availability, and a fireplace. Immediate possession is available, and the owner will consider build-to-suit improvements based on lease terms.
The property is located at 450 S Steele Street in Ionia, at the intersection of M66 and Steele Street. Its corner setting provides exposure at a recognized local roadway junction, while ample parking supports customer and employee access. Built in 1968, the building offers a flexible commercial format for a tenant seeking a ground-level retail location.
The property is located at 450 S Steele Street in Ionia, at the intersection of M66 and Steele Street. Its corner setting provides exposure at a recognized local roadway junction, while ample parking supports customer and employee access. Built in 1968, the building offers a flexible commercial format for a tenant seeking a ground-level retail location.
Key Highlights
- 4,000+ SF zero‑grade retail building
- 0.54‑acre parcel at M66 and Steele Street
- Ample driveway parking
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
33k
Monthly Visits Nearby
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
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Market
Lease Benchmarks for Ionia, MI
$7.25 /SF/Yr
Avg Asking Price
$7–$8 /SF/Yr
Price Range
10,118 SF
Avg Space Size
This space is priced 10% above the average of $7.25 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with ample parking, build-to-suit potential, and immediate possession.
Where is this retail space located?
The property is located at 450 S Steele Street Ionia, MI.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: 4,000+ SF zero‑grade retail building; 0.54‑acre parcel at M66 and Steele Street; Ample driveway parking
