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Family Dollar (Dark) 772 Greenland Rd 9,180 SF Retail Building Ontonagon, MI 49953 $350,000 ($38.13/SF)
INVESTMENT HIGHLIGHTS
- Future Redevelopment with Excellent Visibility & Access
- Strong Synergies w/ Neighboring Chamber of Commerce & County Clerk's Office
- Large Lot Size – Can Store Materials Outside Property
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the dark Family Dollar asset located in Ontonagon, MI (“The Property”). The Property consists of a 9,180-squarefoot freestanding retail building on 2.75 acres of land. While Family Dollar has vacated the Property, they continue to pay rent their obligations which continues until June 30, 2031. The lease is corporately guaranteed by Family Dollar Stores, Inc. See the Lease Abstract for full details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,180 SF
Building Class
B
Year Built
2015
Price
$350,000
Price Per SF
$38.13
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.32 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial
Parking
30 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
186’ on Greenland Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41 581 004 11 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $177,400 |
PROPERTY TAXES
Parcel Number
41 581 004 11
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$177,400
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Family Dollar (Dark) | 772 Greenland Rd
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