440 Swartz CtIonia, MI 48846

For Sale
$632,000

High-return retail investment. Excellent tenant.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 5,000-square-foot Sherwin-Williams storefront, built in 2001 and renovated in 2022, sits on a 1.5-acre lot in Ionia, Michigan. The property boasts a 100% occupancy rate with a strong, creditworthy tenant (BBB/Baa3 rating) under a Net Net lease. The lease includes two additional renewal options, indicating a high probability of long-term occupancy. Situated on a heavily trafficked road (over 32,000 vehicles daily) with excellent visibility and signage, the property benefits from its location near major retailers like Walmart, Meijer, and Menards. The property is well-maintained, featuring a recently resurfaced parking lot. The landlord is responsible for taxes, insurance, roof, and structure

Highlights

  • High probability of lease renewal.
  • Sherwin-Williams, a tenant with a strong credit rating (BBB/Baa3).
  • Excellent location in Ionia, MI, midway between Lansing and Grand Rapids.
  • Built-to-suit in 2001 for the current tenant; recently updated parking lot.
  • High-traffic location with excellent street visibility.
  • Prime frontage and excellent signage opportunities.

Property Details for 440 Swartz Ct

Property type
Other retail properties, Individual retail properties
Square Feet
5,000 SF
Year Built/Renovated
2001/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Ionia
County
Ionia
State
Michigan
Latitude
42.9624887
Longitude
-85.0731247
440 Swartz Ct, Ionia, Michigan

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440 Swartz Ct
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