Established Retail Center in
For Sale
Contact for pricing
2991 S State Rd, Ionia, MI 48846
Fully leased retail center in Ionia's primary retail corridor.
Property Size24,000 SF
Price / SF$75
Days on Market342
Property Features for 2991 S State Rd
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$144,252
Building Details
Year Built
1989
Units
5
Tenancy
Multi
Listing Agency:
Michael Cagen, L.L.C.
Listed By:
Michael Cagen · License #MI 6502377154
Source:
Crexi
Added: Sep 16, 2025
Changed: Aug 8
Last Checked: Aug 23 at 6:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Cagen, L.L.C.
Investment Insights
Based on property information with market context.
Located at 2991 and 2995 S. State Rd in Ionia, Michigan, this multi-tenant retail center offers an established investment opportunity within the city’s primary retail corridor. The property benefits from high visibility and traffic counts. The property totals 24,000 rentable square feet across five units, fully leased to five tenants, and 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. Its placement along South State Road positions it as a key destination within Ionia’s retail landscape.
Key Highlights
- High 8.10% Cap Rate: Offers attractive income potential.
- Fully Leased with Zero Vacancy Since 2016: Demonstrates remarkable tenant retention and consistent cash flow.
- Prime Location in Ionia's Primary Retail Corridor: Benefits from exceptional visibility and high traffic counts.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
228k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Superstores 25%
Shops & Services 24%
Groceries 7%
Walmart
Superstores
57,089 visits/mo
0.2 miles
McDonald's
Dining
29,422 visits/mo
0.3 miles
Meijer Gas Station
Shops & Services
20,953 visits/mo
0.5 miles
Taco Bell
Dining
17,944 visits/mo
0.1 miles
Aldi
Groceries
15,789 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Secretary of State Self-service Station — 2770 S State Rd, Ionia, MI 48846
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center in Ionia's primary retail corridor.
Where is this shopping center located?
The property is located at 2991 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: High 8.10% Cap Rate: Offers attractive income potential.; Fully Leased with Zero Vacancy Since 2016: Demonstrates remarkable tenant retention and consistent cash flow.; Prime Location in Ionia's Primary Retail Corridor: Benefits from exceptional visibility and high traffic counts.
