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3396 I 75 Business Spur
Sault Sainte Marie, MI 49783

Big Lots · Retail Property For Sale

Storefront Properties Michigan Sault Sainte Marie 3396 I 75 Business Spur, Sault Sainte Marie, MI 49783

Investment Highlights

  • Upgraded Construction Big Lots in Sault Ste. Marie, MI
  • Long-Term Tenant Operating at Current Location Since 2002
  • Situated Along I-75 with Strong Traffic Volume of 15,500 VPD
  • NN Lease With Minimal Landlord Responsibilities, Only Responsible for Parking Lot, Roof and Structure
  • Healthy Demographics With 15,800+ Residents in a 5-Mile Radius
  • Sault Ste. Marie is the Second-Most Populated City in the Upper Peninsula

Executive Summary

Cooperating Broker: Brian Brockman
Bang Realty-Michigan, Inc | MI#6502428679
bor@bangrealty.com | (513) 898-1551

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
33,250 SF
Building Class
C
Year Built
2002
Price
$1,995,000
Price Per SF
$60
Cap Rate
8.25%
NOI
$164,588
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
2.73 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B3 - Business District
Parking
275 Spaces (8.27 Spaces per 1,000 SF Leased)
Frontage
150 FT on I75 Business Spur

Amenities

  • Signage

Links

PROPERTY TAXES

Parcel Number 051-712-023-00 Improvements Assessment $0
Land Assessment $0 Total Assessment $769,300

PROPERTY TAXES

Parcel Number
051-712-023-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$769,300
 

  • Listing ID: 32491810

  • Date on Market: 7/17/2024

  • Last Updated:

  • Address: 3396 I 75 Business Spur, Sault Sainte Marie, MI 49783

More public record information on 3396 I 75 Business Spur, Sault Sainte Marie, MI 49783

The Retail Property at 3396 I 75 Business Spur, Sault Sainte Marie, MI 49783 is currently available for sale. Contact Mon Ami Realty for more information.

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