Current Use by Public Records
- Retail properties & Spaces
Property Details for 431 Lincoln St
- Year built
- 2006
- Lot size
- 0.98 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ionia
- County
- Ionia
- State
- Michigan
- Longitude
- -85.0707
- Latitude
- 42.9869
