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    Main St Ionia, MI 48846

    Sponsored
    For Sale
    $325,000

    Historic Ionia retail space, huge potential!

    Property size:
    8,234 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a rare chance to own a substantial piece of Ionia's rich history. Located on W Main Street, this property boasts two large, interconnected buildings totaling over 8,234 square feet on a 0.07-acre lot. The property features two street-level storefronts, each brimming with character, showcasing original hardwood floors, stunning tin ceilings, and exposed brick walls. Beyond the retail spaces, a sizable garage area provides ample storage or additional commercial potential. Two full, semi-finished basements offer significant expansion possibilities, while the upper level presents a remarkable opportunity for residential conversion. This area has the capacity for up to six apartments, and is eligible for MSHDA grant programs to assist with renovations. Recent significant improvements enhance this property's value and longevity. A brand-new roof, installed in 2023, comes with a 20-year transferable warranty, ensuring peace of mind for years to come. New insulation and gutters have been added, and both the front and rear exteriors have undergone complete restoration. Furthermore, a new furnace was installed in 2016. This property offers a unique blend of commercial and residential potential, making it an ideal investment for a discerning buyer seeking a piece of Ionia's vibrant downtown. Priced at $325,000, this is a chance to own a landmark property with significant upside.

    Property Features for Main St

    General Information

    Property type
    Retail properties
    Square Feet
    8,234 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Ionia
    County
    Ionia
    State
    Michigan
    Longitude
    -85.06366
    Latitude
    42.98272

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    FAQs

    What type of property is this?
    Retail property - Historic Ionia retail space, huge potential!
    Where is this retail property located?
    The property is located at Main St Ionia, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    (616) 527-3720
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    Main 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
    Main St Ionia, MI 48846
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