Main St Ionia, MI 48846
- Retail properties
- 8,234 SF
- 0.07 lot acres
Current Use by Public Records
- Retail properties
Property Details for Main St
- Year built
- 1920
- Lot size
- 0.07 lot acres
- Property size
- 8,234 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a rare chance to own a substantial piece of Ionia's rich history. Located on W Main Street, this property boasts two large, interconnected buildings totaling over 8,234 square feet on a 0.07-acre lot. The property features two street-level storefronts, each brimming with character, showcasing original hardwood floors, stunning tin ceilings, and exposed brick walls. Beyond the retail spaces, a sizable garage area provides ample storage or additional commercial potential. Two full, semi-finished basements offer significant expansion possibilities, while the upper level presents a remarkable opportunity for residential conversion. This area has the capacity for up to six apartments, and is eligible for MSHDA grant programs to assist with renovations. Recent significant improvements enhance this property's value and longevity. A brand-new roof, installed in 2023, comes with a 20-year transferable warranty, ensuring peace of mind for years to come. New insulation and gutters have been added, and both the front and rear exteriors have undergone complete restoration. Furthermore, a new furnace was installed in 2016. This property offers a unique blend of commercial and residential potential, making it an ideal investment for a discerning buyer seeking a piece of Ionia's vibrant downtown. Priced at $325,000, this is a chance to own a landmark property with significant upside.
Value Estimation
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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
- -85.0637
- Latitude
- 42.9827
