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$ 700,000
Est. payment /mo
Active
405 W Main ST Ionia City, MI 48846
6 Baths
11,386 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,386 sqft
Price per Sqft $61
MLS Listing ID 65026018942
Year Built 1890
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Positioned in the heart of historic downtown Ionia, the iconic Stevenson Building is a rare opportunity to own a fully leased, income-producing mixed-use property on the city's charming red brick Main Street. This standout property blends timeless character with strong cash flow and future upside.The second floor features five apartments, all currently leased, providing consistent residential income. At street level, two prime retail spaces enjoy excellent visibility and steady foot traffic in one of Ionia's most desirable commercial corridors.Recent improvements include a new roof, offering peace of mind for the next owner. But what sets this property apart is the untapped potential. The third floor presents an incredible value-add opportunity with the possibility to create four loft-style apartments, capitalizing on the growing demand for downtown living.Whether you are expanding your portfolio or stepping into a signature investment property, the Stevenson Building delivers.
Location
State MI
County Ionia
Area Area34072Ionia
Interior
Heating Baseboard, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Ionia
Others
Ownership LLC
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Cathy A Hoppough of KW Rivertown Hoppough
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