Retail Space with Fenced Dog
For Sale
$289,900
2389 N State Road, Ionia, MI 48846
Commercial Sale, Ionia, MI
Property Size1,400 SF
Lot Size3.70 Acres
Price / SF$207.07
Days on Market462
Property Features for 2389 N State Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Parking
20
Interior features
Broadband
Elementary school district
Ionia
Middle school district
Ionia
High school district
Ionia
Directions
M66/N State Rd. North of Ionia 2 Miles to property.
Subdivision
Grand Rapids - G
Standard status
Active
APN
34-051-001-000-095-22
Size
1,400 SF
Lot size
3.70 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
COM 290 FT S OF E 1/4 COR OF SEC, TH S 275 FT, W 581 FT, N 275 FT, E 581 FT TO POB. SEC 1-7-7
Tax Annual Amount
2390
Legal Description
COM 290 FT S OF E 1/4 COR OF SEC, TH S 275 FT, W 581 FT, N 275 FT, E 581 FT TO POB. SEC 1-7-7
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
Central Vac System
Generac Generator
fenced dog park with electronic card reader access
Natural Gas
High-Speed Internet
2 separate basements
double mechanicals
washer/dryer areas
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
Greenridge Realty (Ionia)
(616) 527-3720
Listed By:
Darin K Elliott
(616) 902-2235
Added: Jul 2, 2025
Changed: Sep 12
Last Checked: Oct 6 at 12:06AM
MLS# 25032145
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 contains a 1,400-square-foot structure built in 1985 with a flexible configuration for either one occupant or two separate units. The building includes two bathrooms and two distinct basement areas, each supported by separate mechanical systems and washer/dryer space. Vinyl siding, a metal roof, forced-air heat, central air, and a whole-property central vacuum system are among the improvements. A Generac generator is also included.
Set on 3.7 acres at 2389 N State Road in Ionia, the property is positioned along the N State Road/M66 corridor. Natural gas, broadband, cable availability, a well, and septic service are identified. The grounds include a large fenced dog park with electronic card-reader access, providing a dedicated outdoor amenity within the property.
Set on 3.7 acres at 2389 N State Road in Ionia, the property is positioned along the N State Road/M66 corridor. Natural gas, broadband, cable availability, a well, and septic service are identified. The grounds include a large fenced dog park with electronic card-reader access, providing a dedicated outdoor amenity within the property.
Key Highlights
- 1,400 sq ft structure with 2 bathrooms
- Flexible single- or 2‑unit configuration
- 2 separate basements with double mechanicals and washer/dryer areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,671
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,420
$273.4K
Cap Rate 7%
$195,300
$195.3K
Cap Rate 9%
$151,900
$151.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$21.0K $15.00/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$19.5K $13.95/SF
− OpEx
−$5.9K −$4.19/SF
NOI
$13.7K $9.76/SF
Area
Ionia County, MI
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,420
Cap Rate 7%
$195,300
Cap Rate 9%
$151,900
Alternative Uses
Best Use
Retail
$195.3K
$170.9K – $227.9K
NOI $13,671 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$266.8K
$233.4K – $311.2K
NOI $18,674 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Adaptable commercial layout with separate lower-level areas, two bathrooms, and broadband availability.
Where is this retail space located?
The property is located at 2389 N State Road Ionia, MI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,400 sq ft structure with 2 bathrooms; Flexible single- or 2‑unit configuration; 2 separate basements with double mechanicals and washer/dryer areas
