2530 1st Ave N
Escanaba, MI 49829
Vacant Former Shopko · Retail Property For Sale
Investment Highlights
- Value-Add Investment Opportunity
- Surrounded by most of the notable national/regional retail in the market
- Well below replacement cost
- Prominent Retail Location in the market, ½ block off the main street, Ludington St., of downtown
- Great visibility and access from the intersection of State HWY 35 and US HWY 41, part of the Delta Plaza Mall
- 1.25 miles from Lake Michigan
Property Facts
About 2530 1ST AVE N , ESCANABA, MI 49829
Colliers’ Retail Capital Markets Team is pleased to present the opportunity to acquire the former Shopko building located at the intersection of First Avenue North and 26th St. North in Escanaba, Michigan. The Property is strategically located between Third Ave. North and First Ave. North in the heart of the retail area of Escanaba, Michigan on the shore of Lake Michigan. Surrounding retailers in the immediate vicinity include Walmart Supercenter, Menard’s, Dollar Tree, JoAnn Fabrics, Dunham’s Sports, Sherwin-Williams Paint Store, Advance Auto Parts, AutoZone, O’Reilly Auto Parts, Taco Bell, Pizza Hut, Elmer’s County Market, Culver’s, Hardee’s, Wendy’s, Meijer and Willow Creek Cinema 8. Additionally in the area are Comfort Suites, Magnuson Inn and Suites, Super 8 and Quality Inn & Suites. Escanaba is also the home of Bay College. 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.
