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Thunder Bay Shopping Center 2205 US Highway 23 S
900 - 36,443 SF of Space Available in Alpena, MI 49707
Highlights
- Thunder Bay Shopping Center is an approximately 92,000-square-foot center offering restaurant, retail, office, and medical spaces.
- Alpena is a beloved Great Lakes tourist destination, and the visitor center alone reports seeing about 100,000 people per year.
- The center has excellent exposure to US-23 for traffic counts of over 10,000 vehicles per day with signage available.
- Ollie's Bargain Outlet has recently signed an anchor space, creating a coveted end-cap suite spanning 12,000 SF ideally facing US-23.
- Woodcrest Capital currently offers aggressive rates and creative deals in addition to our personal, family-owned business approach.
Space Availability (7)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 106 | 900 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $750.00 /MO $9,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 112 | 1,400 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $1,167 /MO $14,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 132 | 1,400 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $1,167 /MO $14,000 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 134 | 3,705 SF | Negotiable | $8.00 /SF/YR $0.67 /SF/MO $86.11 /m²/YR $7.18 /m²/MO $2,470 /MO $29,640 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 138 | 12,562 SF | Negotiable | $7.50 /SF/YR $0.63 /SF/MO $80.73 /m²/YR $6.73 /m²/MO $7,851 /MO $94,215 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 144 | 4,000-14,976 SF | Negotiable | $7.50 /SF/YR $0.63 /SF/MO $80.73 /m²/YR $6.73 /m²/MO $9,360 /MO $112,320 /YR | Triple Net (NNN) | ||
| 1st Floor, Ste 2215 | 1,500 SF | Negotiable | $10.00 /SF/YR $0.83 /SF/MO $107.64 /m²/YR $8.97 /m²/MO $1,250 /MO $15,000 /YR | Triple Net (NNN) |
2205-2219 S US Highway 23 - 1st Floor - Ste 106
• Thunder Bay Shopping Center is located on US Highway 23 and Ripley Blvd. at a traffic controlled intersection. • The site is strategically located across the street from the Alpena Mall. • Opportunity to lease small shop space, mid-box and anchor space. • Alpena is county seat in Alpena County. • Large parking field with pylon signage available. • Aggressive lease terms.
- Lease rate does not include utilities, property expenses or building services
- Fits 3 - 8 People
- Central Air Conditioning
2205-2219 S US Highway 23 - 1st Floor - Ste 112
• Thunder Bay Shopping Center is located on US Highway 23 and Ripley Blvd. at a traffic controlled intersection. • The site is strategically located across the street from the Alpena Mall. • Opportunity to lease small shop space, mid-box and anchor space. • Alpena is county seat in Alpena County. • Large parking field with pylon signage available. • Aggressive lease terms.
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 12 People
- Central Air Conditioning
- Located in-line with other retail
2205-2219 S US Highway 23 - 1st Floor - Ste 132
• Thunder Bay Shopping Center is located on US Highway 23 and Ripley Blvd. at a traffic controlled intersection. • The site is strategically located across the street from the Alpena Mall. • Opportunity to lease small shop space, mid-box and anchor space. • Alpena is county seat in Alpena County. • Large parking field with pylon signage available. • Aggressive lease terms.
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 12 People
- Can be combined with additional space(s) for up to 5,105 SF of adjacent space
- Central Air Conditioning
2205-2219 S US Highway 23 - 1st Floor - Ste 134
• Thunder Bay Shopping Center is located on US Highway 23 and Ripley Blvd. at a traffic controlled intersection. • The site is strategically located across the street from the Alpena Mall. • Opportunity to lease small shop space, mid-box and anchor space. • Alpena is county seat in Alpena County. • Large parking field with pylon signage available. • Aggressive lease terms.
- Lease rate does not include utilities, property expenses or building services
- Fits 22 - 68 People
- Can be combined with additional space(s) for up to 5,105 SF of adjacent space
- Central Air Conditioning
2205-2219 S US Highway 23 - 1st Floor - Ste 138
- Lease rate does not include utilities, property expenses or building services
2205-2219 S US Highway 23 - 1st Floor - Ste 144
- Lease rate does not include utilities, property expenses or building services
- Highly Desirable End Cap Space
2205-2219 S US Highway 23 - 1st Floor - Ste 2215
• Thunder Bay Shopping Center is located on US Highway 23 and Ripley Blvd. at a traffic controlled intersection. • The site is strategically located across the street from the Alpena Mall. • Opportunity to lease small shop space, mid-box and anchor space. • Alpena is county seat in Alpena County. • Large parking field with pylon signage available. • Aggressive lease terms.
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 12 People
- Central Air Conditioning
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
TENANTS AT Thunder Bay Shopping Center
- Tenant
- Description
- SIZE
- MOVE DATE
- US Locations
- Reach
- Alpena Driving School LLC
- Educational Services
- -
- -
- -
- -
- Flowerland Designs Of Alpena
- Florist
- -
- 07/2016
- 1
- Local
Serving the Alpena area for more than 40 years, Flowerland Designs specializes in sympathy, weddings and everyday events by a team of designers with years of combined experience. They care about your order and they take every care to make sure that your order gets their upmost attention every time!
| Tenant | Description | SIZE | MOVE DATE | US Locations | Reach |
| Alpena Driving School LLC | Educational Services | - | - | - | - |
| Flowerland Designs Of Alpena | Florist | - | 07/2016 | 1 | Local |
PROPERTY FACTS FOR 2205 US Highway 23 S , Alpena, MI 49707
| Total Space Available | 36,443 SF | Center Properties | 1 |
| Min. Divisible | 900 SF | Frontage | 710’ on US-23 |
| Max. Contiguous | 5,105 SF | Gross Leasable Area | 90,979 SF |
| Center Type | Neighborhood Center | Total Land Area | 7.85 AC |
| Parking | 435 Spaces | Year Built | 1977 |
| Stores | 19 |
| Total Space Available | 36,443 SF |
| Min. Divisible | 900 SF |
| Max. Contiguous | 5,105 SF |
| Center Type | Neighborhood Center |
| Parking | 435 Spaces |
| Stores | 19 |
| Center Properties | 1 |
| Frontage | 710’ on US-23 |
| Gross Leasable Area | 90,979 SF |
| Total Land Area | 7.85 AC |
| Year Built | 1977 |
About the Property
Thunder Bay Shopping Center is an approximately 92,000-square-foot neighborhood center showcasing the historical features of Alpena, Michigan. The City of Alpena overlooks Lake Huron’s picturesque Thunder Bay, which many locals and visitors continuously enjoy. Thunder Bay offers a variety of unique retailers to the public and is proud to welcome a new anchor, Ollie's, coming soon! The new anchor leaves a valuable 12,000-square-foot end-cap suite and a 14,5000-square-foot space, both of which would be perfect spots for junior anchors. Commercial suites at this center are available to rent for anything from traditional retail storefronts and restaurants to offices to medical or other professional service providers. Ownership is eager to work with tenants to offer aggressive rates and creative deals. Woodcrest Capital welcomes first-time and franchise businesses to its centers with easy-to-read leases and flexible terms while also being sufficiently sophisticated to please the largest of national credit tenants. As a family-owned business with over 40 years in commercial real estate, Woodcrest owns and operates everything from Class A centers in the busiest neighborhoods to troubled centers it’s rehabilitating in struggling rural communities. Call today to find the right location for your business as Woodcrest usually has multiple retail opportunities in the immediate area!
- Signalized Intersection
Marketing Brochure
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Taco Bell | Fast Food | - | 3 min walk |
| Pizza Hut | - | - | 3 min walk |
| Mcdonald's | - | - | 4 min walk |
| Hungry Howie's Pizza | - | - | 4 min walk |
| Arby's | - | - | 5 min walk |
| Jimmy John's | Fast Food | $ | 7 min walk |
Retail |
||
|---|---|---|
| Dollar General | Dollar/Variety/Thrift | 3 min walk |
| Health Mart Pharmacy | Drug Store | 5 min walk |
| The UPS Store | Business/Copy/Postal Services | 7 min walk |
| Tractor Supply Company | Home Improvement | 9 min walk |
| Dunham's Sports | Sporting Goods | 10 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 11 min walk |
Leasing Teams
Leasing Teams
Taylor Marks,
Director of Brokerage
Karen Gargaro,
Sales Associate
Karen has been a Sales Associate at Mid America Real Estate- Michigan Inc. for the past 11 years. Her product portfolio ranges from single tenant buildings/pad sites to large box power centers. Many of her listings are Grocery anchored with outlot buildings. She represents both new and preexisting construction. Her responsibilities include marketing retail space for landlords and finding new/re-locations for tenants. She advises her clients on deal structure as well as negotiation from letter of intent though lease execution.
Karen attended Central Michigan University her Freshman year of College and transferred to Oakland University where she received her Bachelor’s Degree in Communications. She is a member of the International Council of Shopping Centers (ICSC) and is on the board of the Next Generation Committee.
Karen handles leasing and tenant representation for many local and national clients. Some of the many landlords she represents include: Kimco Realty, Grand Sakwa, Lormax Stern Development, Viking Partners, The Kroenke Group and First Holdings Management. She also exclusively represents tenants such as Sedona Taphouse, Pizza Ranch, Lands End, among others. Karen has quickly become a valued member of Mid-America’s Real Estate team.
Lindsey Shaw, Senior Sales Associate
Lindsey became a licensed salesperson in Michigan in July 2012. She began her real estate career in multi-family leasing and property management in Ann Arbor, Michigan. After spending three years in multi-family leasing, Lindsey wanted to expand her knowledge in the commercial real estate world. Lindsey joined Mid-America Group Real Estate-Michigan, Inc. in November 2015.
Lindsey received a Bachelor of Arts in Communication Studies and Women Studies from The University of Michigan, Ann Arbor. She is a member of the International Council of Shopping Centers (ICSC) and is a member of the Next Gen Committee. Shaw spearheaded the Mid-America Next Gen group in 2018 and is an active member in the Chainlinks network, and women in Chainlinks Mentorship program. Outside of the office Lindsey writes for the Detroit Jewish News, sits on the board for the Detroit Institute of Art’s Founder’s Junior Council and is a founding member of the Cities Without Houses - Detroit Soho House.
Lindsey’s notable product leasing clients include: Ford Motor Land Development Co., Time Equities Inc, RPT Realty, Kin Properties, Excess Space, Realty Income, RMR Group, Woodcrest Capital, Sansome Pacific Properties, and Pacifica Companies. Ford Motor Land Development Co. broke ground in May 2017 on the Wagner Place, a 150,000 SF mixed-use development in Dearborn, MI. The project will bring 600+ Ford Motor employees to Downtown West Dearborn and 40,000 SF of new 1st floor retail, which was 69% pre-leased. With her finger on the pulse of the market, Shaw represents national tenants such as: American Freight Furniture & Mattress, Cycle Gear, Shopko Optical, AT&T Wireless, Warby Parker, David’s Bridal, and Slim Chickens in Michigan. Shaw is experienced with working with franchise businesses such as: Wellbiz Brands, The UPS Store, Red Effect Infrared Fitness, Massage Green Spa, and Nekter Juice. Shaw has experience procuring sites on behalf of financial institutions and car wash clients in premier real estate locations.
About the Owner
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Thunder Bay Shopping Center | 2205 US Highway 23 S
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