Walgreens 710 Spring St

13,905 SF Retail Building Petoskey, MI 49770 $7,000,000 ($503/SF) 6% Cap Rate

Investment Highlights

  • Great location along Charlevoix Ave.

Executive Summary

Mid-America Real Estate-Michigan, Inc. is pleased to offer the Walgreens property at 710 Spring Street in Petoskey, Michigan. This 13,905-squarefoot retail building sits on a 1.57-acre parcel in the scenic lake shore community of Petoskey.

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Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
C
Year Built
1999
Price
$7,000,000
Price Per SF
$503
Cap Rate
6%
NOI
$420,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.57 AC
Zoning
B3
Parking
53 Spaces (3.81 Spaces per 1,000 SF Leased)

Nearby Major Retailers

The Original Pancake House
Ymca
Fit Body Boot Camp
Fifth Third Bank
First Community Bank
Chase Bank
Huntington National Bank
PNC Bank

PROPERTY TAXES

  • Listing ID: 34094157

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 710 Spring St, Petoskey, MI 49770