Colliers’ Retail Capital Markets Team is pleased to present the opportunity to acquire the freestanding former Shopko building located at the lighted intersection of West Washington Street and North McClellan Ave. a half block east of US Highway 41 and State Highway 28 also the home of Northern Michigan University, the largest student population university in the Michigan Upper Peninsula.
The Property is strategically located with a lighted intersection off West Washington Street on the main commercial street in Marquette, Michigan. Surrounding retailers in the immediate vicinity include Tadych’s EconoFoods, McDonald’s, Subway, Hardee’s, Office Max, Dollar Tree, Pizza Hut, Wendy’s, Ashley Furniture Home Store, Advance Auto Parts, Applebee’s Grill, AutoZone, Taco Bell, Red Lobster, Art Van Furniture, Starbuck’s, Target, CVS Pharmacy, Menard’s, Lowe’s Home Improvement, TJ Maxx, Burger King, Best Buy, Meijer, Kohl’s, Buffalo Wild Wings, Harley-Davidson, Walgreen’s and Walmart Supercenter .
This is an excellent opportunity to create significant value and cash flow by acquiring a vacant Shopko building in a prominent retail location for well below replacement cost.