2025 US Highway 41
For Sale - $7,500,000; Lease Options Available
Existing "Marquette Mall" in Marquette, Michigan, situated on 21+ acres; with current 183,000+ sq. ft. of leasable space. Center is under a major redevelopment plan, with demolition of center "mall" section, as well as future demolition of auto dealership facility on east end. Auto dealership to be relocated to new site in Marquette, with new facility to be constructed - with tentative move to take place around end of year 2019. After mall demolition, all new leasehold untis to be constructed on build-to-suit basis will be direct storefront units; in addition to a proposed 9,000 sq. ft. outlot along highway. The only current space immediately available for lease is a 35,100 sq. ft. former Big Lots store on far west side of the center. Present tenants include the Michigan Secretary of State office, Dollar Tree, Riverside Auto Group (to be relocated), Up North Car Wash (outlot), and Pizza Hut (outlot).
Availability for approximate 50,000 to 70,000 sq. ft. to replace current center "mall" area and Riverside auto facility. All lease rates to be negotiated; contingent upon size, length of lease, build-out/improvements required, and related factors.
Property is also being offered FOR SALE (an approximate 18 acres - excluding car wash) at $7,500,000. Site is suitable for retail, office, or some form of mixed-use development.