Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Belding Commercial Building Title is generated by Realmo AI

    403 W Main Street Belding City, Ionia, MI 48809

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $159,000

    Affordable commercial building in downtown Belding suitable for various businesses.

    Type:Commercial/Industrial
    Property size:
    1,456 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $109/SF
    Added:
    Mar 11, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 9:08 pm

    Property Features for 403 W Main Street Belding City

    General Information

    Standard status
    Active
    Size
    1,456 SF
    Lot size
    0.20 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Spencer J Geisen

    Listing agent Spencer J Geisen License #6502-361689

    Listing office Five Star Real Estate (Rock)

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Five Star Real Estate (Rock)

    HighLights

    • Affordable commercial building in downtown Belding with B‑1 General Business zoning
    • 1,456 sq ft main level with a full unfinished basement
    • Recent updates include a new sewer line (January 2023) and roof, siding, exterior doors, and windows replaced in 2013
    • Functional layout featuring a foyer, waiting room, reception area, 3+ offices, kitchen, 2 restrooms, and a meeting room
    • Heating and AC systems inspected and serviced in August 2023
    • Suitable for start‑ups, business expansions, or entrepreneurs

    Overview

    Located in downtown Belding, this commercial building offers 1,456 square feet on the main level, complemented by a full, unfinished basement suitable for expansion or storage. The property is zoned B-1 - General Business, accommodating office, medical, retail, and restaurant uses. The current layout includes an enclosed foyer entry, waiting room, reception area, three or more offices, a kitchen, two restrooms, a meeting room, and multiple storage closets on the main floor. The roof, siding, exterior doors, and windows were replaced in 2013. A new sewer line system from the building to the road was completed in January 2023. The heating and AC systems were inspected and serviced in August 2023. The building is suitable for a start-up business or a business expansion.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Ionia
    County
    Ionia
    State
    Michigan
    Longitude
    -85.0542
    Latitude
    42.9834

    Nearby Similar for Sale

    • $700,000
      11,386 SF

      Iconic Mixed-Use Stevenson Building

      Fully leased mixed-use property with value-add potential in downtown Ionia.
      405 W Main Street, Ionia, MI 48846
      View Details
    • $299,900
      1,344 SF

      Ionia Commercial Property on M66

      1344 SF commercial property on 3.7 acres with dog park.
      2389 N State Road, Ionia, MI 48846
      View Details
    • $649,900
      8,120 SF

      Versatile Commercial Property with Income

      7,520 sq ft indoor space plus 720 sq ft outdoor.
      1447 Kelsey Highway, Ionia Township, MI 48846
      View Details
    • $175,000

      Ionia Duplex: Investment Opportunity

      Impeccably maintained duplex near downtown Ionia, fully rented.
      258 E Adams Street, Ionia, MI 48846
      View Details
    • $225,000

      Ionia Multi-Unit Brick Property

      Well-maintained duplex with recent updates and immediate rental income.
      302 W Lincoln Avenue, Ionia, MI 48846
      View Details
    • $225,000
      4,720 SF

      Ionia Commercial Building For Sale

      4720 SF commercial building in Ionia, multiple units.
      910 E Lincoln Avenue, Ionia, MI 48846
      View Details
    • $299,900
      1,450 SF

      Versatile Property on High Traffic Road

      Multi-use property on nearly 4 acres with many amenities.
      2389 N State Road, Ionia, MI 48846
      View Details
    • $135,000

      Well-Maintained Office Building For Sale

      Office building with custom woodwork, parking, and finished basement.
      174 E Adams St, Ionia, MI 48846
      View Details
    • $1,250,000
      11,236 SF

      Retail Building Near S. State

      11,236 SF building suitable for various retail or commercial uses.
      Ionia, MI 48846
      View Details
    • $180,000

      Ionia Duplex with Recent Upgrades

      Well-maintained Ionia duplex with significant capital improvements and strong occupancy.
      258 E Adams St, Ionia, MI 48846
      View Details
    • $235,000

      Ionia Two-Unit Brick Property

      Well-maintained duplex on corner lot with recent updates.
      302 W Lincoln Ave, Ionia, MI 48846
      View Details
    • $225,000
      6,000 SF

      Event Venue on 5 Acres

      Turnkey event venue opportunity near Ionia, Michigan.
      608 Peterson Road, Ionia, MI 48846
      View Details

    FAQs

    What type of property is this?
    Office units - Affordable commercial building in downtown Belding suitable for various businesses.
    Where is this office units located?
    The property is located at 403 W Main Street Belding City Ionia, MI.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: Affordable commercial building in downtown Belding with B‑1 General Business zoning; 1,456 sq ft main level with a full unfinished basement; Recent updates include a new sewer line (January 2023) and roof, siding, exterior doors, and windows replaced in 2013
    (616) 884-4200
    We can help!
    Listing Contact
    Spencer J Geisen
    Real Estate License ID: 6502-361689
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    403 W Main Street, Belding City Ionia, MI 48809
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!