Former Kmart - Sault Ste Marie, MI

Retail-Commercial for Sale
Catylist Listing ID: 30283035
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 93,000 SF
Gross Building Area: See Agent
Gross Land Area: 10.89 Acres
Sale Price: $30 PSF
Total Price: $2,790,000
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Former Kmart
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/17/2020

Overview / Comments

Former Kmart in Sault Ste Marie MI. Prime opportunity for redevelopment. Many possible uses, including Retail, industrial, Storage, Hospitality. This site has out-lot potential as well as additional land to the east for future development.
New roof in 2014.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Taxing Authority: City of Sault Ste Marie
Tax ID/APN: 051-603-002-00
Property Visibility: Good
Largest Nearby Street: Davitt
Airports: Sault Ste Marie
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 93,000 SF
Property Condition: Good
Year Built: 1990
Roof Type: Flat
Construction/Siding: Block, Steel Frame
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,406 13,756 16,539
Median Age: 37.48 36.05 36.64
Households: 2,382 5,869 6,968
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.