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About This Home
This 0-bedroom, 6-bathroom commercial at 405 W Main Street in Ionia, MI is listed for $700,000 ($61 per sqft). Built in 1890, the home offers 11,386 sqft of living space on a 0.21 acres lot.
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.
Key Features
- Built in 1890
- 0.21 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$3,744/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
405 W Main Street
Ionia, MI 48846
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 6-bathroom commercial at 405 W Main Street is listed at $700,000 ($61/sqft). The estimated monthly payment is $3,033 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 0.21 acre lot, 2 stories. Interior Features: Broadband.
This property is listed by Cathy A Hoppough and can be reached at 6169152890 or choppough@kw.com.
