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Walgreens 710 Spring St

13,905 SF Retail Building Petoskey, MI 49770 £5,554,850 (£399/SF) 6% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Great location along Charlevoix Ave.

EXECUTIVE SUMMARY

Mid-America Real Estate-Michigan, Inc. is pleased to offer the Walgreens property at 710 Spring Street in Petoskey, Michigan. This 13,905-squarefoot retail building sits on a 1.57-acre parcel in the scenic lake shore community of Petoskey.

DATA ROOM Click Here to Access

  • Offering Memorandum

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
C
Year Built
1999
Price
£5,554,850
Price Per SF
£399
Net Initial Yield
6%
NOI
£333,291
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
1.57 AC
Zoning
B3
Parking
53 Spaces (3.81 Spaces per 1,000 SF Leased)
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NEARBY MAJOR RETAILERS

The Original Pancake House
Ymca
Fit Body Boot Camp
Fifth Third Bank
First Community Bank
Chase Bank
Huntington National Bank
PNC Bank

PROPERTY TAXES

Parcel Number 52-19-06-300-090 Improvements Assessment £1,444,737
Land Assessment £0 Total Assessment £1,444,737

PROPERTY TAXES

Parcel Number
52-19-06-300-090
Land Assessment
£0
Improvements Assessment
£1,444,737
Total Assessment
£1,444,737
(248) 855-6800

CONTACT

  • Listing ID: 34094157

  • Date on Market: 05/12/2024

  • Last Updated:

  • Address: 710 Spring St, Petoskey, MI 49770

The Retail Property at 710 Spring St, Petoskey, MI 49770 is currently available for sale. Contact Mid-America Real Estate - Michigan, Inc. for more information.

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Walgreens | 710 Spring St
(248) 855-6800 x

Walgreens | 710 Spring St

Eric Unatin

(248) 855-6800

(248) 855-6800

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