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2991-2995 S State Rd Ionia, MI 48846

For Sale
$1,800,000

Fully leased retail center with strong tenant mix and cashflow.

Property size:
24,000 SF
Lot size:
2.75 Acres

Property Features for 2991-2995 S State Rd

General Information

Size
24,000 SF
Lot size
2.75 Acres

Source: Michael Cagen LLC Agent Michael A. Cagen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Established Retail Center in Ionia

Located at 2991 and 2995 S. State Rd in Ionia, MI, this multi-tenant retail center offers a proven investment opportunity within the city’s primary retail corridor. The property benefits from high visibility, significant traffic, and a strong retail presence. The center totals 24,000 rentable square feet across five units, fully leased to five tenants. The property has had zero vacancy since 2016. Current tenants include Ionia 24/7 Fitness, Continental Home Center, Smokey Mountain Tobacco, Ambulatory Care Clinic, and My Eye Dr., representing a mix of service, medical, retail, and fitness uses. The location is surrounded by established national and regional retailers, such as Menards, Walmart, and Meijer, drawing customer traffic and supporting tenant performance. Its placement along South State Road positions it as a key destination within Ionia’s retail landscape.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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

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

Similar Places Nearby

Secretary of State Self-service Station

Location Insight

  • Map
  • Local Demand
City
Ionia
County
Ionia
State
Michigan
Longitude
-85.074672
Latitude
42.942172

FAQs

What type of property is this?
Shopping center - Fully leased retail center with strong tenant mix and cashflow.
Where is this shopping center located?
The property is located at 2991-2995 S State Rd Ionia, MI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: - 8.10% Cap Rate offers attractive income potential.; - Fully leased 24,000 sq ft retail center with five tenants.; - Zero vacancy since 2016 demonstrating tenant retention and consistent cash flow.
More about this property
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