$245,000
Ionia, MI 48846
MLS# 24005799
4720 sqft
1 / 25
Property Description
Great opportunity to own a commercial building on one of the main travel corridors in Ionia. This 4720 square foot medical building was designed as 4 suites and is currently used as 5 units. Zoned B-1. Tons of parking space. New rubber roof in 2018. One half of the building is currently leased for $2500 per month. A portion of the other half is rented for $850 per month. A third unit has been fully remodeled. The fourth unit is also rent ready with a fifth unit in need of remodeling. Handicap accessible. Opportunities galore and are only limited by your imagination.
Details
Maps
Location & Property Info
County: Ionia
Street #: 910
Street Direction: E
Street Name: Lincoln
Suffix: Avenue
State: MI
Zip Code: 48846
Zip (4): 1393
Cross Streets: Johnson and Skyview
Property Sub-Type: Office
Area: Grand Rapids - G
Municipality: Ionia City
Ownership Type: Corporate Owned
Office/Contract Info
Status: Active
Current Price: $245,000
List Price: $245,000
Auction or For Sale: For Sale
List Price/SqFt: 51.91
Prop Avail for Lease?: Yes
Sub Agency: 3
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-02-01
Current Bldg Use: Medical Office/ Counseling Office
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 1.07
Lot Square Footage: 46609
Lot Dimensions: 210 x 225
Year Built: 1967
Road Frontage: 210
Year Remodeled: 2010
Total # Units: 4
# Fin Bldg Lvls: 4720
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total SqFt: 4720
Property Use Type: Business
Full Baths: 4
Waterfront: No
School District: Ionia
Tax Info
Tax ID #: 20401700000500
Taxable Value: 168879
SEV: 211900
For Tax Year: 2023
Annual Property Tax: 10297
Tax Year: 2023
Spec Assessment & Type: None
Non-Conforming Use: No
Zoning: B-1
Remarks & Misc
Legal: City of Ionia beginning at S1/4 post, N 290 feet, E 230 feet, to POB thence S 290 ft, E 210 feet, N 225 ft, NWly to POB
Directions: M66 to M21. East on M21 to property
Additional Details
Total Parking Spaces: 50
Ceiling Height: 8
Power/Phase: 220
Power/Voltage: 220
Income and Expenses
Annual Prop Ins ($): 4800
Annual Utilities ($): 5000
Total Actual Rent: 40200
SqFt Information
Rentable Office SqFt: 4720
Total Bldg Office Sq: 4720
Unit 1
Unit Description: Dr office
SqFt: 2080
Occupied: Yes
Rent $/Month: 2500
# HVAC: 2
$ Per SqFt/Year: 14.42
# Baths: 2
Unit 2
Unit Description: AA
SqFt: 576
Occupied: Yes
Rent $/Month: 850
# HVAC: 1
$ Per SqFt/Year: 17.7
# Baths: 1
Unit 3
Unit Description: Vacant remodeled
Occupied: No
# HVAC: 1
# Baths: 1
Unit 4
Unit Description: Vacant not remodeled
SqFt: 576
Occupied: No
Property Features
Property Use: Business; Investment
Uses: Professional Service; Professional/Office
Ownership: LLC
Business Includes: Real Estate
Construction Type: Block; Frame/Wood
Exterior Material: Block; Metal Siding
Roofing: Rubber
Foundation: Pillar/Post/Pier
Additional Features: Barrier Free; Bath Common Area; Security System
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Broadband; Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Baseboard; Hot Water
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Leases
Sale Conditions: None
Listing Office: Live Local Realty
Listing Agent: Jonathan Dinehart
Last Updated: May - 07 - 2024
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