1409 & 1517 Joe Mann Boulevard

Retail-Commercial for Sale
Catylist Listing ID: 30183870
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 32,173 SF
Gross Building Area: See Agent
Gross Land Area: 4.63 Acres
Sale Price: $3,436,237 Per Acre
Total Price: $2,537,971
Property Use Type: Investment
Sale Terms: Other
Cap Rate: 8.5%
Last Updated: 5/15/2018

Overview / Comments

The subject opportunity is a two-asset retail portfolio located in Midland, Michigan and includes: Staples located at 1517 Joe Mann Blvd. totaling 24,173 sq. ft. and Pier 1 Imports located at 1409 Joe Mann Blvd. totaling 8,000 sq. ft. Within close proximity to Midland Mall, and easy access to all the amenities Midland has to offer. This portfolio is an attractive opportunity for investors. The assets are very secure buildings that have been institutionally maintained and contain adequate parking. Additionally, the assets are located in one of the strongest retail corridors of Midland, shadow anchored by both Meijer and Midland Mall.

Additional Details

Nearest MSA: Midland
County: Midland
Tax ID/APN: 11-33-60-124; 120
Zoning: RC
Property Located Between: E. of Eastman Avenue
Largest Nearby Street: Eastman Ave. & US-10
Traffic/Vehicle Count: 25,388
Total Number of Buildings: 2
Number of Stories: 1
Parking Type: Surface
Parking Description: Ample Parking

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,096 35,081 51,290
Median Age: 43.47 39.47 39.1
Households: 1,511 14,176 20,982
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.