Property summary
This 11,180-square-foot free-standing retail building presents a unique investment opportunity. Located in Ionia, Michigan, at the corner of West Lincoln Avenue and North Dexter Street, this property boasts a highly visible location with a combined daily traffic count exceeding 24,000 vehicles. Built in 2006, the former Rite Aid pharmacy features a convenient drive-thru. The 0.98-acre lot offers ample space and visibility. The building is vacant and available for sale or lease as a net lease (NNN) investment. The property benefits from a strong surrounding retail environment, including national brands like Dollar General, Pizza Hut, KFC, Burger King, AutoZone, Shell Oil, and Domino's. Ionia, the county's largest city, offers a diverse economy with significant employers such as Ventra Ionia, the Michigan Department of Corrections, and Herbruck's Poultry Ranch. The average household income within a three-mile radius surpasses $62,000. This property's strategic location and size make it ideal for a variety of retail uses. The property is a single-tenant building with no existing lease and no credit rating for the previous tenant, but a corporate guarantee was in place.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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