FORMER KMART - SAULT STE. MARIE, MICHIGAN

Retail-Commercial for Lease
Catylist Listing ID: 30168544
Property Subtypes: Free-Standing Building
Contiguous Space: 94,222 SF
Building Size (RSF): 94,222 SF
Gross Building Area: See Agent
Gross Land Area: 10.91 Acres
Lease Rate: $4 PSF (Annual)
Base Monthly Rent: $31,407
Lease Types: NNN
Building Name: Former Kmart
Last Updated: 11/15/2017

Overview / Comments

AVAILABLE FOR LEASE – 94,222 SF freestanding former Kmart on 10.91 acres in Sault Ste. Marie, Michigan. This large, open-concept building was constructed in 1980 – with a 1991 addition – and features a fenced, outdoor garden center, 8 ground-level overhead doors, large parking field with multiple ingress/egress options and pylon sign. Neighboring tenants include Biggby Coffee, Pet Supplies Plus, Goodwill, Leitz Sports Center, Old Mission Bank, Taco Bell, McDonald’s, Verizon, Gordon Food Service, Save-A-Lot, Big Lots and Family Dollar. Landlord may demise for smaller tenant and may consider sale of property.

Expand All Available Space

Suite: 2760-All 94,222 SF $4 PSF (Annual) NNN
Space Available: 94,222 SF
Lease Rate: $4 PSF (Annual)
$31,407 (Monthly)
Lease Type: NNN
Space Subcategory: Free-Standing Store
Date Available: 8/30/2017
Lease Term: 120 Months
Space Type: Relet
Parking Spaces 280

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Taxing Authority: Sault Ste. Marie, City of
Tax ID/APN: 051-610-001-00 / 051-603-002-00
Zoning: B-3, GENERAL BUSINESS
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: 14th & 25th Streets
Property Visibility: Good
Largest Nearby Street: Ashmun Street
Traffic/Vehicle Count: 17,229
Highway Access: Located on I-75 Business Spur
Airports: Located adjacent to Municipal Airport Sanderson Field
Area Description: Located south of downtown Sault Ste. Marie
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1980
Year Renovated: 1991
Roof Type: Flat
Construction/Siding: Block, Steel Frame
Total Parking Spaces: 280
Parking Type: Surface
Parking Description: Large parking field with multiple ingress/egress options.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B-3, General Business
Lot Frontage: Irregular
Lot Depth: Irregular
Water Service: Municipal
Sewer Type: Municipal, Storm
Legal Description: L422 P667 5/82 MILWAUKEE SYNDICATE ADD SEC 18 T47N R1WCOMM AT NW COR TH N 89 DEG 40 MIN 51 SECW 670.88 FT TO PT IN WLY ROW DAVITT ST; TH S 00 DEG 25 MIN 08 SEC W 686.90 FT ALG ROW TO PT IN ROW I-75 B.S.; TH S 45 DEG 41 MIN 25 SEC W 151.72 FT ALG ROW TO POB; TH S 45 DEG 41 MIN 25 W 388.26 FT; TH N 00 DEG 36 MIN 08 SEC E 150 FT; TH N89 DEG 23 MIN 52 SEC W 200 FT; TH N 44 DEG 18 MIN 35 SEC W 352.56 FT; TH N 45 DEG 41 MIN 25 SEC E 448.75 FT; TH S 44 DEG 18 MIN 35 SEC 193 FT; TH S 45 DEG 41 MIN 25 SEC W 29.75 FT; TH S 44 DEG 18 MIN 35 SEC E 85 FT; TH N 45 DEG 41 MIN 25 SEC E 5 FT; TH S 44 DEG 18 MIN 35 SEC E 322 FT TO POB (PORTIONS OF BLKS6, 7, 10, 11 & 15) (5.49 A) (2015 COMBINED VALUES INTO 603-002-00/ REFERENCE PARCEL ONLY) SEC 18 T47N R1E COMM AT N 1/4 COR SD SEC 18; TH N 89 DEG40 MIN 51 SEC W 640.88 FT ALG N LI SD NW 1/4 TO POB; TH S 00 DEG 25 MIN 08 SECW 424.98 FT; TH S 45 DEG 41 MIN 25 SEC W 303.39 FT; TH S 44 DEG 18 MIN 35 SEC E165 FT TO WLY ROW I-75 BUS SPUR; TH S 45 DEG 41 MIN 25 SEC W 54 FT ALG SD ROW LI;TH N 44 DEG 18 MIN 35 SEC W 322 FT; TH S45 DEG 41 MIN 25 SEC W 5 FT; TH N 44 DEG18 MIN 35 SEC W 85 FT; TH N 45 DEG 41 MIN 25 SEC E 29.75 FT; TH N 44 DEG 18 MIN 35 SEC W 193 FT; TH N 45 DEG 41 MIN 25 SEC E 496.92 FT TO PT ON N LI SD NW 1/4; TH S 89 DEG 40 MIN 51 SEC E ALG N LI 189.40 FT TO POB. (2015 COMBINED VALUE ONLY OF 610-001-00 INTO THIS) TOTAL ACREAGE INCL BOTH PARCELS 10.89 AC+/-) SEE 610-001-00 FOR REMAINING DESCRIPTION

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,406 13,756 16,539
Median Age: 37.48 36.05 36.64
Households: 2,382 5,869 6,968

Contact

Photograph of Listing Agent

Jodi K. Milks, CCIM

Bradley Company CARWM Member
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