405 W Main Street, Ionia, MI 48846
sale
$700,000
|
Other
Courtesy Of Keller Williams Realty Rivertown
4301 Canal Ave SW, Grandville, MI 49418
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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Property Features
- Age: Over 50 Years Old
- Building Units: 7
- Cooling System: Central Air
- Exterior Type: Brick
- Floors: 2
- Heating System: Baseboard
- Legal Description: CITY OF IONIA ORIGINAL TOWN LOT 43 AND E 2FT OF LOT 42
- MLSID: 26018942
- Roof Type: Composition
- Rooms: Bathroom 6
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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