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Shopping Community

Crossroads Plaza

3303 W Washington Ave, Alpena, MI 49707

Listing Price: $4,150,000

Cap Rate
9.60%
Gross SF
44,626
Rentable SF
43,251
Price/Gross SF
$93.00
Lot Size
4.28 acres
Year Built
1960

Investment Overview

Regional 40,251-square-foot plaza, includes 3,000 square feet of climate self-storage, located at the corner of M-32 and Bagley across from Meijer and Walmart in Alpena. Upside with 4,469-square-foot vacant suite fronting M-32 and 9,600-square-foot unfinished for retail, medical or self-storage.

Investment Highlights

  • Only Shopping Center to Nearby Walmart, Meijer and Home Depot
  • ADTC on M-32 - 17,800
  • At Prominent Signalized Corner of M-32 and Bagley Street - Near Walgreens, Marshalls, Harbor Freight and Starbucks
  • Mixed-Use Plaza with 3,000 Square Feet Climate-Controlled Self-Storage (100 Percent Full)
  • Value-Add Plaza with 13,350 Square Feet for Retail and Self-Storage Expansion

Exclusively Listed By

Financing By

Shopping Community

Crossroads Plaza

Listing Price: $4,150,000

Cap Rate
9.60%
Gross SF
44,626
Rentable SF
43,251
Price/Gross SF
$93.00
Lot Size
4.28 acres
Year Built
1960

Investment Highlights

  • Only Shopping Center to Nearby Walmart, Meijer and Home Depot
  • ADTC on M-32 - 17,800
  • At Prominent Signalized Corner of M-32 and Bagley Street - Near Walgreens, Marshalls, Harbor Freight and Starbucks
  • Mixed-Use Plaza with 3,000 Square Feet Climate-Controlled Self-Storage (100 Percent Full)
  • Value-Add Plaza with 13,350 Square Feet for Retail and Self-Storage Expansion

Investment Overview

Regional 40,251-square-foot plaza, includes 3,000 square feet of climate self-storage, located at the corner of M-32 and Bagley across from Meijer and Walmart in Alpena. Upside with 4,469-square-foot vacant suite fronting M-32 and 9,600-square-foot unfinished for retail, medical or self-storage.

Exclusively Listed By

Financing By

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