2 unit retail/ office building in Ionia for Sale for under $50 PSF!

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30622959
Property Subtypes: Day Care Facility, Mixed Use, Retail-Pad, General
Building Size (RSF): 11,157 SF
Gross Land Area: 4.15 Acres
Sale Price: $550,000
Unit Price: $49.30 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Fountain Plaza
Usable Size (USF): 11,157 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Build-to-Suit, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 9/23/2020

Overview / Comments

Two tenant 11,157 SF building with one suite currently leased to Secretary of State (SOS). Family Dollar recently vacated premises allowing a great opportunity for an owner operator to occupy the premises or develop with a new tenant and have rental income from SOS!

Seller would also be open to leasing the Family Dollar suite out and build out to fit a new tenants needs. Creative landlord willing to work with tenants to make a win-win deal!

Property located across the street from newly constructed Grand Rapids Ophthalmology. Several national retailers nearby. Great access to the site from both 66 (Dexter) and Main St.

Building sits on over 4 acres–- great opportunity to build another building on the land!

SOS occupies 3000 SF
Vacant suite: 8157 SF

Per City of Ionia, ordinance No. 539, B-3 General Business District zoning permits the use of medical marijuana secure transporter facilities as well as safety compliance facilities. Due to proximity to local parks, the property can not be used as a medical marijuana provisioning center.

Asphalt work recently completed.

Call Eric Finnigan @ 616.229.0658 to discuss all the options available.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Ionia
Taxing Authority: City of Ionia
Tax ID/APN: 34-202-100-000-130-13
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Visibility: Excellent
Largest Nearby Street: Dexter
Airports: GRR
Site Description: PART OF LOTS 23, 24, 25, 26, 27 OF SUPERVISOR VOELKERS ADD TO THE CITY OF IONIA SEC 1; AND PART OF NW 1/4 OF SEC 19, T7N,R6W, CITY OF IONIA, IONIA COUNTY DESC AS: COM AT A CHISLED "X" AT THE INTER OF THE S LINE OF MAIN ST AND THE W LINE OF DEXTER ST (M-66); THENCE ALONG S LINE OF MAIN ST N 89D 49' 14" W 235.89 FT TO AN IRON MONUMENT; THENCE CONTINUING ALONG SAID S LINE S89D 56' 55" W 655.51 FT TO A CHISLED "X" AND THE POB; THENCE ALONG SAID S LINE N 89D 56' 55" E 172.71 FT; S 00D 03' 05" E 301.67 FT; S 89D 44' 23" E 265.05 FT; SF 00D 38' 28" W 52 FT; S 89D 44' 23" E 30 FT; S 00D 38' 28" W 149.08 FT; N 89D 21' 32" W 505.44 FT; N 00D 41' 46" E 97.19 FT; N 88D 32' 55" W 47.93 FT; N 00D 41' 00" E 399.01 FT TO S LINE OF MAIN ST; THENCE S ALONG SAID S LINE N 89D 22' 00" E 81.62 FT TO POB. SPLIT FROM 202-100-000-130-10 4.22 ACRES MORE OR LESS
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,157 SF
Property Condition: Average
Year Built: 2002
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Ingress/Egress, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,832 13,827 18,553
Median Age: 31.55 34.39 35.2
Households: 1,040 3,377 5,118


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