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.

Additional Details

Nearest MSA: Escanaba
County: Delta
Taxing Authority: City of Escanaba
Tax ID/APN: 051-420-2825-200-022
Retail Clientele: General
Tenancy: Single Tenant

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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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