NEW! Buy and sell safely with virtual options - Learn More
About the Listing 87119 - MR1355
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.
Listing Highlights
Status
Active
Days on Site
3
Property Type
Business Opportunity
MLS ®
70528635
Year Built
1890
Total Square Footage
11,386
Lot/Acreage
0.21
County
Ionia
Area
Ionia (34020)
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 11386
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 68x132
- Roof: Composite
- Others:
- Sewer:
Financial Details
- Tax Amount: $10,485
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
405 W Main Ionia, MI 48846
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
