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405 W Main Street Ionia, MI 48846-1553
11,386 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 11,386 sqft
Price per Sqft $61
Subdivision Mi
MLS Listing ID 70528635
Year Built 1890
Annual Tax Amount $10,485
Tax Year 2025
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 68x132
Property Sub-Type Business
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 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.
Location
State MI
County Ionia
Area Ionia (34020)
Interior
Heating Baseboard
Exterior
Roof Type Composite
Building
Structure Type Block,Brick
Others
Ownership LLC
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KW Rivertown Hoppough