Professional Office Unit with
For Sale
Contact for pricing
430 Swartz Court B, Ionia, MI 48846
Well-maintained office layout with a client-facing entry area and flexible private work or meeting rooms.
Property Size1,391 SF
Price / SF$1.29
Days on Market65
Property Features for 430 Swartz Court B
General Information
Standard status
Active
Size
1,391 SF
Listing Agency:
KW Rivertown Hoppough
(616) 523-4300
Listed By:
Cathy A Hoppough · License #6502365936
(616) 915-2890
Source:
Alexmi
Added: Aug 17
Changed: Oct 3
Last Checked: Oct 19 at 6:30AM
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 KW Rivertown Hoppough
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Investment Insights
Based on property information with market context.
This 1,391-square-foot office unit provides a professional setting with a reception area near the entrance and three private rooms that can function as offices, conference rooms, or a combination of both. The layout supports separate work areas while maintaining an efficient internal flow. The space is clean, well-kept, and suited to a range of professional uses.
Built in 2000, the property is located at 430 Swartz Court in south Ionia, Michigan. Its existing configuration offers a practical foundation for an owner-user or business seeking established office improvements without a major layout overhaul.
Built in 2000, the property is located at 430 Swartz Court in south Ionia, Michigan. Its existing configuration offers a practical foundation for an owner-user or business seeking established office improvements without a major layout overhaul.
Key Highlights
- 1,391‑square‑foot professional office unit
- Reception area positioned near the entrance
- Three private offices or conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,960
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,200
$299.2K
Cap Rate 7%
$213,714
$213.7K
Cap Rate 9%
$166,222
$166.2K
Market Conditions
NOI Build-Up for 1,391 SF
Gross rent
$24.9K $17.88/SF
− Vacancy
−$4.9K −$3.54/SF
EGI
$19.9K $14.34/SF
− OpEx
−$5.0K −$3.58/SF
NOI
$15.0K $10.75/SF
Area
Ionia County, MI
Vacancy
19.80%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,200
Cap Rate 7%
$213,714
Cap Rate 9%
$166,222
Alternative Uses
Best Use
Office B
$213.7K
$187.0K – $249.3K
NOI $14,960 @ 7.0% cap · market cap 831.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$265.1K
$231.9K – $309.2K
NOI $18,554 @ 7.0% cap · market cap 1,030.78%
Zoning and permitted uses should be independently verified with authorities.
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Well-maintained office layout with a client-facing entry area and flexible private work or meeting rooms.
Where is this office unit located?
The property is located at 430 Swartz Court B Ionia, MI.
What are key features of this property?
This property features: 1,391‑square‑foot professional office unit; Reception area positioned near the entrance; Three private offices or conference rooms
