Oaks Crossing | 411 Cross Oaks Dr
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Oaks Crossing 411 Cross Oaks Dr
7,003 SF 100% Leased Retail Building Plainwell, MI 49080 For Sale
Investment Highlights
- Shadow Anchored by Walmart Supercenter.
- High Volume of Daily Traffic: +24,000 VPD (M-89).
- Neighbored by a 27,300 square foot community center.
- Surrounded by major retailers including Aldi, Walmart, Home Depot, Tractor Supply and Meijer.
Executive Summary
Marcus & Millichap is pleased to present this value-add strip center investment opportunity located at 411 Cross Oaks Mall, in Plainwell, Michigan. This 7,003 square foot building currently consists of two suites with Game Stop occupying 943 SF and the remaining 6,060 SF currently vacant. Game Stop is currently paying $15,039 in annual rent and the lease will expire on 1/31/2025 which creates a great value-add opportunity for the new investor. The subject property is shadow anchored by Walmart Supercenter and shares parking lot with the Walmart providing great visibility to the shoppers at the Super Center. The subject property is physically attached to the Oaks Crossing Shopping Center which is a 27,300 square foot community center which also attracts customers from the Plainwell and Otsego communities with regional and national tenants.
The Cross Oaks Mall is conveniently located just west of Allegan Street (M-89) and its junction with US 131 which runs North and South connecting the communities of the Kalamazoo with the Grand Rapids area. Plainwell, Michigan is located off of US-131 just north of Kalamazoo and approximately 37 miles south of Grand Rapids, Michigan. Within a 3-mile radius of the subject property is a population of approximately 14,000 with an average household income of about $78,783. Other surrounding retailers in the area are Aldi, Walmart, Home Depot, Tractor Supply Co, and Meijer. The dense retail corridor experiences daily traffic volumes over 24,000 Vehicles Per Day on M-89.
Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915
The Cross Oaks Mall is conveniently located just west of Allegan Street (M-89) and its junction with US 131 which runs North and South connecting the communities of the Kalamazoo with the Grand Rapids area. Plainwell, Michigan is located off of US-131 just north of Kalamazoo and approximately 37 miles south of Grand Rapids, Michigan. Within a 3-mile radius of the subject property is a population of approximately 14,000 with an average household income of about $78,783. Other surrounding retailers in the area are Aldi, Walmart, Home Depot, Tractor Supply Co, and Meijer. The dense retail corridor experiences daily traffic volumes over 24,000 Vehicles Per Day on M-89.
Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915
Property Facts Under Contract
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront
Building Size
7,003 SF
Building Class
B
Year Built
2005
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.95 AC
Zoning
C-2 - Commercial
Parking
15 Spaces (2.14 Spaces per 1,000 SF Leased)
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-025-012-61 | Improvements Assessment | $307,500 |
| Land Assessment | $51,000 | Total Assessment | $358,500 |
PROPERTY TAXES
Parcel Number
17-025-012-61
Land Assessment
$51,000
Improvements Assessment
$307,500
Total Assessment
$358,500
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Oaks Crossing | 411 Cross Oaks Dr
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