Financial
Distress signals
Property profile

420 S Steele St Main Ionia, MI 48846

FOR SALE
Other commercial real estate
Property ID
US43-2258752
7,503 SF 0.8 ac lot Built 1935
Last sale Nov 2018 · $59,000
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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420 S Steele St,Unit Main, Ionia, MI 48846 For Sale
$275,000 7,503 SF
420 S Steele St,Unit Main, Ionia, MI 48846
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Property summary

AI-generated overview

This retail property is located on the corner of Nash Court and S Steele Street at the entrance to the downtown district of Ionia, Michigan. It is zoned B-3, providing flexibility for a range of commercial uses. The building contains approximately 15,006 square feet and sits on an approximately 0.8-acre lot. The property is associated with a marijuana dispensary license and is configured for retail-oriented operations at street level.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$83k
Assessed land$36k
Assessed improvement$46k
Effective rate6.45%

Value estimate

· Sep 2026
$275k
$248k – $303k
AI approach$275k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-3
Itis intended to provide sites for more diversified business types that are often incompatible with the pedestrian movement in the B-1 Ne...
General categoryCOMMERCIAL
JurisdictionIONIA

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store7.3
Accounting Firm7.5
Storage Facility8.6

Location

420 S Steele St, Unit Main Ionia, MI 48846
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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