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596 W Main St 9,014 SF Retail Building Marcellus, MI 49067 $1,087,016 CAD ($120.59 CAD/SF) 9.22% Cap Rate
Investment Highlights
- 9,014 SF Store situated on an oversized 1.53-acre lot
- 21,000 residents within a 10-mile radius
- Located 24 miles from Elkhart in the South Bend MSA
- Positioned on a hard corner, offering excellent visibility and traffic flow
- Average household income exceeding $87,000 in the same radius
- 19 miles from Portage within the Kalamazoo MSA
Executive Summary
AMC Real Estate Investment Services is pleased to present a premier investment opportunity: a NN+ Dollar General property located at 596 W Main St, Marcellus, MI. This property offers stable income with minimal landlord responsibilities, making it an excellent addition to any investment portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2005
Price
$1,087,016 CAD
Price Per SF
$120.59 CAD
Cap Rate
9.22%
NOI
$100,261 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.53 AC
Zoning
C - Commercial
Frontage
109’ on Main
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Jan 0000
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 99,999 SF | - | Jan 0000 |
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 14-051-616-004-20 | Improvements Assessment | $231,207 CAD |
| Land Assessment | $19,861 CAD | Total Assessment | $251,068 CAD |
Property Taxes
Parcel Number
14-051-616-004-20
Land Assessment
$19,861 CAD
Improvements Assessment
$231,207 CAD
Total Assessment
$251,068 CAD
Contacts
-
Angelo Iacobelli -
Corbin Montpas -
AMC Commercial Real Estate Investment Services
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596 W Main St
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