Property Type:
Commercial Sale
Square Footage:
11,386
Lot Size (sq. ft.):
9,148
Status:
Active
Current Price:
$700,000
List Date:
4/30/2026
Last Modified:
4/30/2026
405 W Main Street, Ionia, MI 48846
New Listing
$700,000
Listing Details MLS# 26018942
Location Property Info
- County
- Ionia
- Street #
- 405
- Street Direction
- W
- Street Name
- Main
- Suffix
- Street
- State
- MI
- Zip Code
- 48846
- Zip (4)
- 1553
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 0.21
- Lot Square Footage
- 9148
- Lot Dimensions
- 68x132
- Year Built
- 1890
- Road Frontage
- 68
- Mineral Rights
- No
- Total # Units
- 7
- # Fin Bldg Lvls
- 2
- Total # Bldgs
- Yes
- Total SqFt
- 11386
- Full Baths
- 6
- Waterfront
- No
- School District
- Ionia
Tax Info
- Tax ID #
- 201-050-000-355-00
- Taxable Value
- 171000
- SEV
- 171000
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 10485.38
- Tax Year
- 2025
- Spec Assessment & Type
- none
- Non-Conforming Use
- No
- Homestead %
- 0
Remarks Misc
- Directions
- Dexter St to Main St
Additional Details
- # Freight Elevators
- Yes
More Information
Unit 1
- Unit Description
- Gym
- Rent $/Month
- 1500
Unit 2
- Unit Description
- apartment
- Rent $/Month
- 900
Unit 3
- Unit Description
- apt
- Rent $/Month
- 800
Unit 4
- Unit Description
- apartment
- Rent $/Month
- 800
Unit 5
- Unit Description
- apartment
- Rent $/Month
- 800
Unit 6
- Unit Description
- apartmnet
- Rent $/Month
- 800
Unit 7
- Unit Description
- apartment
- Rent $/Month
- 800
Location & Property Info
- Cross Streets
- Steele St
- Property Sub-Type
- Business Opportunity
- Municipality
- Ionia City
- Ownership Type
- Private Owned
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 61.48
- Prop Avail for Lease?
- No
- Current Bldg Use
- retail and residential units
Remarks & Misc
- Public Remarks
- 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.
- Legal
- CITY OF IONIA ORIGINAL TOWN LOT 43 AND E 2FT OF LOT 42
Street Type
- Paved
- Yes
- Public
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Professional/Office
- Yes
- Retail
- Yes
Construction Type
- Block
- Yes
Exterior Material
- Brick
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- LLC
- Yes
Heat Type
- Baseboard
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Non-Applicable
- Yes
Util Avail at St
- High Speed Internet
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Property Features
Uses:
Professional/Office; Retail
Ownership:
LLC
Business Includes:
Non-Applicable
Construction Type:
Block
Exterior Material:
Brick
Roofing:
Composition
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Natural Gas Connected
Util Avail at St:
High Speed Internet
Heat Source:
Natural Gas
Heat Type:
Baseboard
Air Conditioning:
Central Air
Street Type:
Paved; Public
Purchase Terms Avail:
Cash; Conventional
Sale Conditions:
None
Possession:
Close Of Escrow; Subject To Tenant Rights
Listing Office:
KW Rivertown Hoppough
Listing Agent:
Cathy A Hoppough
Last Updated: April - 30 - 2026
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