Retail Space /MI /Ionia County /Ionia /438 W Lincoln Ave
Retail Space /MI /Ionia County /Ionia /438 W Lincoln Ave

438 W Lincoln Ave - Freestanding FOR SALE


Ionia, MI 48846 | 
$1,098,000 USD
630-954-7398
438 W Lincoln Ave, Ionia, MI for Sale
$1,098,000 USD
Freestanding - FOR SALE
1/7
null | 8% Cap Rate
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438 W Lincoln Ave
Ionia, MI 48846

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HIGHLIGHTS

  • #1 LOCATION IN MICHIGAN BY VISITS (PLACER.AI)
  • BUSIEST INTERSECTION IN IONIA | LIMITED COMPETITION
  • INVESTMENT GRADE TENANT | CORPORATE GUARANTY
  • 15-YEAR OPERATING HISTORY | RECENTLY RENEWED FOR 5 YEARS

OVERVIEW

Mid-America Real Estate Corporation has been retained by the owner to sell the fee simple interest in 438 West Lincoln Avenue, a Dollar General store in Ionia, Michigan. Dollar General is operating on a net lease with term through 2030 and has been operating at the site since 2010.

FOR SALE DETAILS

PRICE

$1,098,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

B-1

APN/PARCEL ID

201-040-000-010-00

ASK ABOUT THIS PROPERTY

George GhattasMid-America Real Estate Corp.More Info
630-954-7398

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George GhattasMid-America Real Estate Corp.More Info
630-954-7398

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

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