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1150 W Washington St
Marquette, MI 49855

Vacant Former Shopko · Retail Property For Sale

Investment Highlights

  • Value-Add Investment Opportunity
  • Located near the UP Health System Hospital, ½ mile from Northern Michigan University campus, Holiday Inn, Country Inn & Suites, Comfort Suites
  • Well below replacement cost
  • Prominent Retail Location for the Market
  • Great visibility and access from West Washington Street which is the main street to downtown Marquette
  • Desirable Demographic Profile

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
124,761 SF
Building Class
C
Year Built/Renovated
1969/2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
10.63 AC
Zoning
Commercial
Parking
327 Spaces (2.62 Spaces per 1,000 SF Leased)

Amenities

  • Signage

About 1150 W Washington St , Marquette, MI 49855

Colliers’ Retail Capital Markets Team is pleased to present the opportunity to acquire the freestanding former Shopko building located at the lighted intersection of West Washington Street and North McClellan Ave. a half block east of US Highway 41 and State Highway 28 also the home of Northern Michigan University, the largest student population university in the Michigan Upper Peninsula. The Property is strategically located with a lighted intersection off West Washington Street on the main commercial street in Marquette, Michigan. Surrounding retailers in the immediate vicinity include Tadych’s EconoFoods, McDonald’s, Subway, Hardee’s, Office Max, Dollar Tree, Pizza Hut, Wendy’s, Ashley Furniture Home Store, Advance Auto Parts, Applebee’s Grill, AutoZone, Taco Bell, Red Lobster, Art Van Furniture, Starbuck’s, Target, CVS Pharmacy, Menard’s, Lowe’s Home Improvement, TJ Maxx, Burger King, Best Buy, Meijer, Kohl’s, Buffalo Wild Wings, Harley-Davidson, Walgreen’s and Walmart Supercenter . This is an excellent opportunity to create significant value and cash flow by acquiring a vacant Shopko building in a prominent retail location for well below replacement cost.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
52-52-005-137-40
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,159,928
  • Listing ID: 22151349

  • Date on Market: 2021-02-03

  • Last Updated:

  • Address: 1150 W Washington St, Marquette, MI 49855

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