Corner Retail
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 Market362
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 12 at 6:06PM
MLS# 25059643
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 retail property offers 15,006 square feet on a 0.8-acre site at the corner of Nash Ct. and S Steele Street. Built in 1935, the building features concrete and brick construction, a rubber roof, central air, and forced-air heating. A fireplace is also present, and cable service is available.
The property is positioned at the entrance to the downtown district of Ionia, providing a corner setting within the city. B-3 zoning supports a range of commercial uses. The owner also holds a marijuana dispensary license and is willing to work with potential tenants interested in that use.
The property is positioned at the entrance to the downtown district of Ionia, providing a corner setting within the city. B-3 zoning supports a range of commercial uses. The owner also holds a marijuana dispensary license and is willing to work with potential tenants interested in that use.
Key Highlights
- 15,006‑square‑foot retail building on 0.8 acres
- B‑3 zoning supports a range of commercial uses
- Corner location at Nash Ct. and S Steele Street
Property Analytics
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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
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
8,680 SF
Avg Space Size
This space is priced 3% below the average of $7.25 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Downtown retail space with B-3 zoning, central air, and forced-air heating.
Where is this retail space 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 retail building on 0.8 acres; B‑3 zoning supports a range of commercial uses; Corner location at Nash Ct. and S Steele Street
