Ionia, MI 48846, Ionia, MI 48846
11,236 SF building suitable for various retail or commercial uses.
- Added:
- Jan 27, 2026
- Days on Market:
- 160
- Last Refresh:
- Apr 6 at 12:58 am
Property Features
General Information
- Standard status
- Active
- Size
- 11,236 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing office Signature Associates (616) 235-6007
Listing date Jan 27, 2026
Source Tcnworldwide
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
HighLights
- Large 11,236 SF building.
- Located off busy S. State Street.
- Features 16' ceilings.
- Ample parking available.
- Suitable for dispensary, brewery, distillery, child care center, event/catering hall.
- Built in 2003.
Overview
Local Financial Insights For Retail
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 | $168.5k | $15.00 |
| − Vacancy | −$11.8k | −$1.05 |
| EGI | $156.7k | $13.95 |
| − OpEx | −$47.0k | −$4.19 |
| NOI | $109.7k | $9.76 |
Alternative Uses
Current Use by Public Records
Map
- City
- Ionia
- County
- Ionia
- State
- Michigan
- Longitude
- -85.0515
- Latitude
- 43.0186
