420 S Steele Street

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420 S Steele Street

Ionia, MI 48846
Asking Price
Contact for price
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office building totaling 7,503 square feet available
  • Located at 420 S Steele Street in Ionia, Michigan
  • Functional property suitable for professional service firms and teams
  • Positioned within a growing submarket in the Ionia area
  • Asset serves as a stable option for corporate office use

What's Special

Professional services firms seeking a centralized presence in Ionia will find this 7,503-square-foot traditional office building well-suited for their operational needs. The property provides a functional layout for administrative functions, client consultations, or team-based workspaces. Situated at 420 S Steele Street, the facility allows for efficient access within this growing Michigan submarket, where businesses benefit from the stable economic environment of Ionia County. Investors and owner-occupants can leverage the existing square footage to establish a permanent corporate address in a key regional node. Positioned in a region characterized by its accessible logistics and steady workforce, this office asset presents a straightforward acquisition for those looking to expand or relocate within the metro area. The building serves as an practical solution for organizations requiring a conventional office environment to support daily professional output. Proximity to local infrastructure ensures connectivity to the broader network of commerce throughout the state, making it a viable selection for various private or public sector entities.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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