2275 State Rd Ionia, MI 48846-9503
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.
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Drive Motor Sales Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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