Property profile

431 Lincoln St Ionia, MI 48846

OFF-MARKET
Retail properties & Spaces
11,180 SF 0.98 ac lot Built 2006
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Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 2006
Total area 11,180 SF
Lot 0.98 ac (42,689 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

431 Lincoln St Ionia, MI 48846
Ionia metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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