405, Main, Ionia, MI, 48846
Basics
- Date added: Added 1 week ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 6
- Lot size: 0.21 sq ft
- Year built: 1890
- Bathrooms Full: 6
- Lot Size Acres: 0.21 acres
- Business Type: Professional/Office, Retail
- County: Ionia
- MLS ID: 26018942
Description
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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 three 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.
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Location
- Directions: Dexter St to Main St
Building Details
- Building Area Total: 11386 sq ft
- Number Of Units Total: 7
- Construction Materials: Brick
- Heating: Baseboard
- Roof: Composition
- Number Of Buildings: 1
Amenities & Features
- Inclusions: Non-Applicable
- Utilities: Natural Gas Connected, Electricity Connected
- Interior Features: Broadband
- Cooling: Central Air
Fees & Taxes
- Tax Assessed Value: $171,000
- Tax Year: 2025
- Tax Annual Amount: $10,485.38
School Information
- High School District: Ionia
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Steele St
- Listing Terms: Conventional, Cash