2991 S State Rd, Ionia, MI 48846

Discover a proven investment opportunity in Ionia’s primary retail corridor—an established multi-tenant retail center located at 2991 and 2995 S. State Rd, Ionia, MI. Positioned along the city’s busiest commercial artery, the property benefits from exceptional visibility, high traffic counts, and a strong retail presence.

Offering a cap rate of 8.01%, this center delivers both attractive income potential and long-term stability. The property totals 24,000 rentable square feet across five units, fully leased to five tenants. With zero vacancy since 2016, the center demonstrates remarkable tenant retention and consistent cash flow.

Current tenants include Ionia 24/7 Fitness, Continental Home Center, Smokey Mountain Tobacco, Ambulatory Care Clinic, and My Eye Dr.—a strong, diversified mix of service, medical, retail, and fitness uses that drive daily traffic and long-term demand.

Surrounded by established national and regional retailers, such as Menards, Walmart, and Meijer, the location draws steady customer traffic and reinforces tenant performance. Its strategic placement along South State Road positions it as a key destination within Ionia’s retail landscape.

This rare combination of financial strength, stable tenancy, and prime location makes the property an ideal addition to any investment portfolio. Contact today for more details!