Listing provided courtesy of KW Rivertown Hoppough- MLS# 26018942
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405 W Main StreetIonia, MI 48846
Commercial · 6 Full Baths · 11,386 Sq. ft. | 0.21 Acres$700,000
Active
405 W Main Street Overview
- Time on Site:
- 61 days
- Visits:
- 5
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.
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405 W Main Street Facts & Features
- Type Commercial
- Sq. ft. 11,386
- Price/Sq.ft. $61
- Lot 0.21 Acres
Details
General
Building Information
- New Construction: No
- Year Built: 1890
Location/Region
- County Or Parish: Ionia
Tax Information
- Tax Annual Amount: 10485.38
General Information
- Parcel Number: 201-050-000-355-00
- Property Sub Type: Business
- Property Type: Commercial Sale
Interior
Beds/Baths
- Bathrooms Full: 6
- Bathrooms Total: 6
Building Interior
- Building Area Total: 11386.0
General Information
- Interior Features: Broadband
- Stories Total: 2
Exterior
Lot Information
- Lot Size Acres: 0.21
- Lot Size Area: 0.21
- Lot Size Dimensions: 68x132
- Lot Size Square Feet: 9148.0
- Lot Size Units: Acres
- Road Surface Type: Paved
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
- Roof: Composition
General Information
- Number Of Units Total: 7
- Utilities: Natural Gas Connected,Electricity Connected
405 W Main Street Neighborhood
Community
48846 (IONIA) Demographics
39
Median Age
185
Population Density (per sq. mile)
21%
College Educated
$52,983
Estimated Median Income
4,531
Estimated Total Home Owners
2,158
Estimated Total Renters
68% / 32%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.405 W Main Street Monthly Cost
405 W Main Street Market Data
Based on the last 30 days in this zip code
$285,035
Average List Price
$146
Average Price per Square Foot
10
Properties Sold
94
Average Days on Market
87
Properties for Sale