Walgreens | 710 Spring St
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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.
Data Room Click Here to Access
- Offering Memorandum
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
PROPERTY TAXES
| Parcel Number | 52-19-06-300-090 | Improvements Assessment | $1,820,600 |
| Land Assessment | $0 | Total Assessment | $1,820,600 |
PROPERTY TAXES
Parcel Number
52-19-06-300-090
Land Assessment
$0
Improvements Assessment
$1,820,600
Total Assessment
$1,820,600
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Walgreens | 710 Spring St
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