Vacant Mixed-Use Office
For Sale
Contact for pricing
410 Swartz Ct, Ionia, MI 48846
B-13 zoned vacant mixed-use office building with conditional approval for a recreational marijuana provisioning center.
Property Size11,236 SF
Lot Size1.18 Acres
Price / SF$106.80
Days on Market206
Property Features for 410 Swartz Ct
General Information
Standard status
Active
Size
11,236 SF
Lot size
1.18 Acres
Property subtype
OFFICE
Zoning
B-1
Land
Land Use
mixed-use, cannabis
Entitled
Yes
Building Details
Buildings
1
Building Size
11,236 SF
Listing Agency:
AQRE Advisors
(248) 833-6589
Listed By:
Julian Karim
(248) 833-6589
Source:
Moodyscre
Added: Jan 7
Changed: Jul 30
Last Checked: Jul 31 at 10:21AM
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 AQRE Advisors
Investment Insights
Based on property information with market context.
Swartz Business Court is a vacant mixed-use office building offered for sale. The property sits on 1.18 acres and is presented as a flexible option for its next owner.
The current zoning is B-13, which allows a wide range of commercial, office, mixed-use, service, and certain light industrial uses, providing flexibility for future users. In addition, the offering includes conditional approval from the city of Ionia for a recreational marijuana provisioning center.
The current zoning is B-13, which allows a wide range of commercial, office, mixed-use, service, and certain light industrial uses, providing flexibility for future users. In addition, the offering includes conditional approval from the city of Ionia for a recreational marijuana provisioning center.
Key Highlights
- 1.18‑acre Swartz Business Court property
- B‑13 zoning allowing commercial, office, mixed‑use, service, and certain light industrial uses
- Conditional city approval for a recreational marijuana provisioning center
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.3k | $6.88 |
| − Vacancy | −$2.2k | −$0.20 |
| EGI | $75.1k | $6.68 |
| − OpEx | −$22.5k | −$2.00 |
| NOI | $52.5k | $4.68 |
11,236 SF · lease $6.88/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.01M
NOI $120,841 @ 7.0% cap · market cap 10.07%
Second Best
Flex RnD
$1.70M
$1.49M – $1.98M
NOI $118,850 @ 7.0% cap · market cap 9.90%
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.50M
NOI $149,870 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - B-13 zoned vacant mixed-use office building with conditional approval for a recreational marijuana provisioning center.
Where is this office building located?
The property is located at 410 Swartz Ct Ionia, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1.18‑acre Swartz Business Court property; B‑13 zoning allowing commercial, office, mixed‑use, service, and certain light industrial uses; Conditional city approval for a recreational marijuana provisioning center
