Former Shopko for Sale (or Lease) in Escanaba
Retail-Commercial
for Sale
| Catylist Listing ID: |
30535720 |
| Building Size (RSF): |
84,384 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
7.15 Acres
|
| Sale Price: |
$3,000,000 |
| Unit Price: |
$35.55 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Shopko |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/14/2021 |
Overview / Comments
The former Shopko located in Escanaba is for sale (and lease). The 84,384 SF building was built in 1991 and currently vacant. It is located in the heart of the Escanaba retail area on the shore of Lake Michigan. Surrounding retailers in the immediate vicinity include Walmart Supercenter, Menard's, Dollar Tree, JoAnn Fabrics, Dunham's Sports, Sherwin-Williams Paint Store, Advance Auto Parts, AutoZone, O'Reilly Auto Parts, Taco Bell, Pizza Hut, Elmer's County Market, Culver's, Hardee's, Wendy's, Meijer and Willow Creek Cinema 8. Escanaba is also the home of Bay College.
This is an excellent opportunity to create significant value and cash flow by acquiring a vacant Shopko building in a prominent retail location for well below replacement cost and leasing up or repositioning the site. Building also for lease - contact listing agents for more information.
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Additional Details
| Nearest MSA: |
Escanaba |
| County: |
Delta |
| Taxing Authority: |
City of Escanaba |
| Tax ID/APN: |
051-420-2825-200-022 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General |
| Tenancy: |
Single Tenant |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,158 |
14,592 |
19,563 |
| Median Age: |
41.6 |
42.54 |
43.27 |
| Households: |
3,694 |
6,430 |
8,421 |
|
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