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Walgreens 710 Spring St 13,905 SF Retail Building Petoskey, MI 49770 $7,000,000 ($503.42/SF) 6% Cap Rate
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
$7,000,000
Price Per SF
$503.42
Cap Rate
6%
NOI
$420,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.57 AC
Zoning
B3
Parking
53 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
310’ on Spring St
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 52-19-06-300-090 | Improvements Assessment | $1,906,500 |
| Land Assessment | $0 | Total Assessment | $1,906,500 |
PROPERTY TAXES
Parcel Number
52-19-06-300-090
Land Assessment
$0
Improvements Assessment
$1,906,500
Total Assessment
$1,906,500
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Walgreens | 710 Spring St
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