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Off Market
1/5

1150 W Washington St
Marquette, MI 49855


HIGHLIGHTS

  • Value-Add Investment Opportunity
  • Prominent Retail Location for the Market
  • Located near the UP Health System Hospital, ½ mile from Northern Michigan University campus, Holiday Inn, Country Inn & Suites, Comfort Suites
  • Great visibility and access from West Washington Street which is the main street to downtown Marquette
  • Well below replacement cost
  • Desirable Demographic Profile

OVERVIEW

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.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Vacant Former Shopko

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

124761

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

327

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

52-52-005-137-40