Corner Retail Space in
For Lease
$7 SF/Yr
420 S Steele St Upper, Ionia, MI 48846
Retail space available in downtown Ionia with flexible zoning.
Space SizeContact for details
Lot Size0.80 Acres
Days on Market163
Property Features for 420 S Steele St Upper
General Information
Standard status
Active
Lot size
0.80 Acres
Property subtype
Commercial
Building Details
Year Built
1935
Units
1
Listing Agency:
Signature Associates Holland
(616) 259-6386
Listed By:
Peter K. Cachey
(616) 259-6386
Source:
Elliman
Added: Mar 12
Changed: Aug 17
Last Checked: Aug 20 at 11:17AM
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 Signature Associates Holland
Investment Insights
Based on property information with market context.
Located on the corner of Nash Court and South Steele Street, this property is situated at the entrance to the downtown district of Ionia. Zoned B-3, the site offers a range of potential uses. The owner is open to purchase options. The seller possesses a marijuana dispensary license and is willing to collaborate with potential tenants. The lease term is between 36 and 60 months.
Key Highlights
- Prime corner lot location at the intersection of Nash Ct. and S Steele Street.
- Located at the entrance to the downtown district of City of Ionia.
- B‑3 zoning allows for a wide range of business uses.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 50%
Burger King
Dining
14,485 visits/mo
0.1 miles
Shell
Shops & Services
8,291 visits/mo
0.4 miles
Marathon
Shops & Services
7,856 visits/mo
0.2 miles
KFC
Dining
6,367 visits/mo
0.4 miles
Independent Bank
Shops & Services
5,565 visits/mo
0.3 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
Lease Benchmarks for Ionia, MI
$7.2 /SF/Yr
Avg Asking Price
$7–$8 /SF/Yr
Price Range
10,118 SF
Avg Space Size
This space is priced 3% below the average of $7.2 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Ionia Floral — 470 S Steele St, Ionia, MI 48846
Frequently Asked Questions
What type of property is this?
Storefront property - Retail space available in downtown Ionia with flexible zoning.
Where is this storefront property located?
The property is located at 420 S Steele St Upper Ionia, MI.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: Prime corner lot location at the intersection of Nash Ct. and S Steele Street.; Located at the entrance to the downtown district of City of Ionia.; B‑3 zoning allows for a wide range of business uses.
