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    Ionia, MI
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    Ionia, MI Multifamily Properties for Sale

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    13 properties
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    Mixed-Use Building with Retail and Apartments
    Updated: Apr 30
    Mixed-Use Building with Retail and Apartments

    405 W Main Street, Ionia, MI 48846

    $700,000
    11,386 sqft 0.21 AC lot
    Iconic red brick Stevenson Building in historic downtown Ionia, featuring mixed‑use space with residential units and retail storefronts
    Second floor has five apartments, all currently leased
    Street level includes two retail spaces
    Recent improvements include a new roof
    Year built 1890; construction is brick with composition roof, central air, and baseboard heating
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    This listing looks promising.

    Here's a quick look at some key insights for

    405 W Main Street, Ionia, MI 48846

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    • Est. Cap Rate

      7.7%
      Above avg (5.9%)

    • Est. NOI

      $54K
      Annual

    • Price @ 7% Cap

      $769K
      Above asking
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    Well-Maintained Duplex Investment
    Updated: Jun 28
    Well-Maintained Duplex Investment

    610-612 N Dexter Street, Ionia, MI 48846

    $350,000
    0.18 AC lot
    Well‑maintained duplex built in 1990 with vinyl siding
    Forced‑air heating
    Each unit includes its own full basement for storage and extra space
    Natural gas available and public sewer
    Roof type: composition
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    Updated Triplex Income Property
    Updated Triplex Income Property

    145 Lafayette Street, Ionia, MI 48846

    $264,900
    0.14 AC lot

    Triplex with three updated units, including updated windows and siding, currently generating monthly rental income.

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    Leased Mixed-Use Building with Retail
    Leased Mixed-Use Building with Retail

    W 405 W Main Street Unit SourceFi, Ionia, MI 48846

    $700,000
    11,386 sqft

    Fully leased mixed-use building with street-level retail and five leased second-floor apartments.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Ionia Duplex: Investment Opportunity
    Ionia Duplex: Investment Opportunity

    258 E Adams Street, Ionia, MI 48846

    $175,000
    0.06 AC lot

    Impeccably maintained duplex near downtown Ionia, fully rented.

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    Ionia Multi-Unit Brick Property
    Ionia Multi-Unit Brick Property

    302 W Lincoln Avenue, Ionia, MI 48846

    $225,000
    0.26 AC lot

    Well-maintained duplex with recent updates and immediate rental income.

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    Residential Income Duplex
    Residential Income Duplex

    2389 N State Road, Ionia, MI 48846

    $299,900
    3.68 AC lot

    Well-cared duplex offers flexible single or two-unit use with a full basement and newer metal roof.

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    Mixed-Use Building with Retail
    Mixed-Use Building with Retail

    405 W Main Street, Ionia, MI 48846

    $700,000

    Fully leased mixed-use building with street-level retail and five leased apartments on the second floor.

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    Updated Triplex with Owner-Occupied Unit
    Updated Triplex with Owner-Occupied Unit

    145 Lafayette St, Ionia, MI 48846

    $274,900

    Three fully updated units provide flexible owner-occupancy options and updated exterior finishes for easier day-to-day maintenance.

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    Well-Maintained Duplex For Sale
    Well-Maintained Duplex For Sale

    610-612 N Dexter St, Ionia, MI 48846

    $350,000

    Well-maintained duplex with two units, each featuring a full basement for additional storage and space.

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    Ionia Duplex with Recent Upgrades
    Ionia Duplex with Recent Upgrades

    258 E Adams St, Ionia, MI 48846

    $175,000

    Well-maintained Ionia duplex with significant capital improvements and strong occupancy.

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    Ionia Two-Unit Brick Property
    Ionia Two-Unit Brick Property

    302 W Lincoln Ave, Ionia, MI 48846

    $225,000

    Well-maintained duplex on corner lot with recent updates.

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    Residential Duplex with Yard
    Residential Duplex with Yard

    448 Harter Street, Ionia, MI 48846

    $150,000

    Duplex for sale with a yard, garage, and screened porch on the lower unit.

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    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 13 Active listings in Ionia, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Duplex with Flat River Frontage
    Updated Duplex with Flat River Frontage

    879 Flat River Court SE, Lowell, MI 49331

    $659,900
    1.04 AC lot

    Updated duplex with in-floor heating and private patios, plus Flat River frontage across the road.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    415 Ionia Street, Belding, MI 48809

    $194,900
    0.22 AC lot

    Two well-maintained units feature separate driveways, private backyards, and 2019 remodels including windows, furnace, and A/C.

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    Remodeled Two-Unit Residential Duplex
    Remodeled Two-Unit Residential Duplex

    415 Ionia St, Belding, MI 48809

    $194,900

    Well-maintained duplex with separate driveways, private backyards, and remodeled units offering flexible owner-occupant or investor use.

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    Updated Duplex with River Frontage
    Updated Duplex with River Frontage

    Lowell, MI 49331

    $664,900

    Updated duplex in Lowell Schools with river frontage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Riverdale
    Residential Land in Riverdale

    N Lumberjack Road, Riverdale, MI 48877

    Contact for pricing
    0.67 AC lot

    Vacant residential land suitable for building or mobile home placement.

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    Expansive Land with Development Potential
    Expansive Land with Development Potential

    VL N Fleming Road, Fowlerville, MI 48836

    $6,900,000
    354.27 AC lot

    350+ acres of prime land with two scenic lakes.

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    Sanford Vacant Land with Utilities
    Sanford Vacant Land with Utilities

    978 timberlynn trail, Sanford, MI 48657

    Contact for pricing
    0.80 AC lot

    Two lots with water and electric hookups, lake access.

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    Private Campground Lot with Hookups
    Private Campground Lot with Hookups

    4537 Pine Run, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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    Ionia, MI Multifamily Properties Market Trends and Statistics

    Explore 13 multifamily properties for sale in Ionia, MI, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 22,772 square feet of properties for sale, with an estimated market value of $4,589,700.

    Sale prices for multifamily properties in Ionia, MI start at $150,000, averaging $353,053, and reaching up to $700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 8
    Apartment buildings 3
    Triplexes 2

    Demographics Overview

    Population 22K
    Population Growth (5Y) +10.1%
    Median Household Income $66,717
    College Educated 15.6%

    High-Yield Neighborhoods for Investment

    Identify Ionia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48846 $305K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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