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Property profile & analytics
OFF-MARKET
Commercial real estate

2275 State Rd Ionia, MI 48846-9503

1,408 SF 1.14 ac lot
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US43-2171557
Property summary
AI-generated overview

This exceptional commercial property presents a high-traffic business opportunity in Ionia, Michigan. Located at 2275 N State Rd, this 1.14-acre lot boasts a 1,408 square foot building, ideal for an auto shop or similar business. The property features two buildings, each single-story, with a mix of uses including showroom/office space and a large heated garage/shop area. The well and parking lot lights were recently updated (within the last three years), ensuring ample illumination. The property includes separate furnace and air conditioning for the office area, providing climate control comfort. Ample parking is available for customers and employees. The property is currently 100% occupied, with the lease expiring August 23, 2024. Built in 1992, the property is zoned for commercial use and offers a versatile space with endless possibilities. All contents are included in the sale price of $179,900 ($127.77 per square foot). This owner-user investment opportunity is situated on M66 just north of Ionia, providing excellent visibility and accessibility. The property is held by an LLC.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 1,408 SF
Lot 1.14 ac (49,484 SF)
APN 34-051-001-000-100-01
UPID US43-2171557
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Drive Motor Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Barry C Knooihuisen Lt · 7 yrs held
Barry C Knooihuisen Lt
since 2018
Last sale
$160,000
5 recorded transactions
2018
Price N/A
2018
Price N/A
2015
Price N/A
2009
$42,250
2008
$85,630
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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