Commercial Real Estate in Marathon available for sale
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Retail Building for Sale in Marathon

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Marathon Retail Building for Sale

More details for 20-24 Peninsula Rd, Marathon, ON - Retail for Sale

20-24 Peninsula Rd

Marathon, ON P0T 2E0

  • Retail for Sale
  • $1,449,500 CAD
  • 10,547 SF
  • Restaurant

Marathon Retail for Sale

20-24 Peninsula Road presents an opportunity to acquire a 100% leased neighborhood commercial plaza located in the commercial core of Marathon, Ontario. The property consists of approximately 10,300 square feet on a 1.17-acre site and is occupied by a diversified roster of retail, food service, medical, personal service, and convenience-oriented tenants. The tenancy includes nationally recognized brands such as Circle K and Subway alongside established local operators that serve the surrounding community on a daily basis. The asset benefits from stable in-place income generated by seven tenants and a weighted average lease term of approximately 3.7 years. The tenant mix supports consistent visitation and reduces dependence on any single industry, creating a balanced income profile. Several leases are reported to be below current market levels, offering potential future revenue growth through lease renewals and rent adjustments. Positioned along Peninsula Road within walking distance of Marathon Centre Mall, Wilson Memorial General Hospital, and the Marathon Community Centre, the property serves as a convenient commercial destination for residents and visitors. Marathon functions as the largest service center between Thunder Bay and Sault Ste. Marie along the Trans-Canada Highway, supporting regional commercial activity and demand for everyday goods and services. The property is also positioned to benefit from economic activity associated with the approved Marathon Copper-Palladium Project located approximately 10 kilometers north of the community. With construction anticipated to begin in fall 2026 and significant employment generation projected during both construction and operations, the development is expected to support increased demand for retail, food service, healthcare, and personal services within Marathon's commercial

Contact:

CBRE

Property Subtype:

Freestanding

Date on Market:

2026-08-07
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Retail Buildings for Sale in Marathon

View All Available Listings
How many retail buildings are available for sale in Marathon?
There are currently 1 retail buildings available for sale in Marathon, offering a unique opportunity for businesses to establish a presence.
How big are the retail buildings available for sale in Marathon?
The average size of retail buildings available for sale in Marathon is about 10,547 SF. The largest retail buildings available to buy is 10,547 SF and the smallest is 10,547 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for retail buildings in Marathon?
The average market cap rate for retail buildings for sale is about 9.05% based on data provided in Marathon. Learn more about how cap rates are calculated.
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