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    404 W Main St Ionia, MI 48846

    For Sale
    $389,900

    Unique 26,000+ sq ft building with unlimited potential.

    Property size:
    26,022 SF
    Lot size:
    0.20 Acres

    Property Features for 404 W Main St

    General Information

    Size
    26,022 SF
    Lot size
    0.20 Acres

    Source: Greenridge Realty (Corp) Agent Darin Elliott

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

    Overview

    Iconic Elks Building Opportunity

    The Iconic Elks Building, with over 26,000 sq ft of space, is available. Currently home to Ionia's Venue 404, the property features a second-floor bar room with hardwood floors, a fireplace, and a 50+ foot long bar. There are also two remodeled his/her bathrooms, an Antlerette room, a kitchen, a pantry, and an original bowling alley/great room. Multiple kitchens and a second turn-key bar area are located in the 85x40 foot third-floor Grand Stage/Theater room, which has 20-foot ceilings suitable for events. The third floor also includes updated his/her baths with dressing areas. The property includes a large Lodge Meeting Hall with original decor, lighting, and furnishings, including throne chairs. The current owner has invested in the property, including a new Trident roof with a lifetime transferable warranty, as well as electrical, plumbing, and HVAC updates. The building has income-generating potential and currently hosts two retail/service tenants along Steel St. The Main St/Main Level retail space is ready for occupancy. A Full Class C Liquor License covers the current owner for both 2nd and 3rd-floor events.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Venue 404 Event Venue

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ionia
    County
    Ionia
    State
    Michigan
    Longitude
    -85.052901
    Latitude
    42.983217

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    FAQs

    What type of property is this?
    Retail space - Unique 26,000+ sq ft building with unlimited potential.
    Where is this retail space located?
    The property is located at 404 W Main St Ionia, MI.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: - Sizeable 26,000+ sq ft building with unlimited potential uses.; - Full Class C Liquor License covering both 2nd and 3rd floor event spaces.; - Turn-key 2nd floor bar with hardwood floors, fireplace, and a 50'+ long bar.
    (616) 902-2235
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    404 W 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
    404 W Main St Ionia, MI 48846
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