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Walgreens 710 Spring St 13,905 SF Retail Building Petoskey, MI 49770 $8,706,315 CAD ($626.13 CAD/SF) 6.65% 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
$8,706,315 CAD
Price Per SF
$626.13 CAD
Cap Rate
6.65%
NOI
$578,970 CAD
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
PROPERTY TAXES
| Parcel Number | 52-19-06-300-090 | Improvements Assessment | $2,628,110 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,628,110 CAD |
PROPERTY TAXES
Parcel Number
52-19-06-300-090
Land Assessment
$0 CAD
Improvements Assessment
$2,628,110 CAD
Total Assessment
$2,628,110 CAD
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Walgreens | 710 Spring St
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