Retail Redevelopment 3+ Acres

Market Price

431 W Lincoln Avenue, Ionia, MI 48846

For Sale

Retail Free Standing

Active

Last Updated: 02/05/2025

Cap Rate: 6.75%

NOI: $284,048.16

Building Size: 11,180 sqft

Lot Area: 3.137 acres

Occupancy: 100%

Year Built: 2006

Offered by

Encore Real Estate Investment Services

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Encore Real Estate Investment Services

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11,145 SF Free Standing Former Pharmacy w/ Drive-Thru & 17,749 SF Retail Building Situated On 3.137 Acres In Ionia, MI
Property Zoning - B3
Former Rite Aid Pharmacy Constructed In 2006 w/ Drive-Thru
Located on Corner Signalized Intersection | W Lincoln Ave and N Dexter Street Boasts Combined Daily Traffic Count of 24,000 VPD+/-
Three Mile Average Household Income Exceeds $62,000
Surrounding Retailers: Dollar General, Pizza Hut, KFC, Burger King, AutoZone, Shell Oil, Dominos, and more
Ionia Is The Largest City In The County - Located 30 Miles From Grand Rapids & 40 Miles From the State Capitol Lansing, MI & Home To (3) Correctional Facilities
Ionia Boasts A Mix of Industries Such As Manufacturing, Healthcare & Education - Notable Employers: Ventra Ionia, Michigan Department of Corrections, Herbruck's Poultry Ranch.