Building Details

Building Size 22,297 SF

Year Built 1980

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: Colliers Lansing s***@colliers.com Show Phone

Listed By: Shawn H. O'Brien · License #6502358107 Show Phone

Source: Cpix.resimplifi

Added: May 14, 2024 Changed: Aug 30 Last Checked: Aug 30 at 8:34AM

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Investment Insights

Based on property information with market context.

This 22,297-square-foot shopping center was built in 1980 and includes on-site parking, building signage, and a multi-tenant commercial configuration. Existing occupants include Hixon’s Family Market, Canadian Lakes Pharmacy, Canadian Lake Eye Care, and Antlers Fireside Grill, providing a mix of grocery, pharmacy, eye care, and dining services within the center.

The property is situated in the Canadian Lakes resort area, described as a golf and summer resort destination. Canadian Lakes is approximately a 1.5- to 2-hour drive from the Grand Rapids, Kalamazoo, Lansing, and Flint areas. The former Mercantile Bank space is part of the broader center offering.

Key Highlights

• 22,297‑square‑foot shopping center built in 1980
• On‑site doorstep parking and building signage
• Existing tenants include Hixon’s Family Market and Canadian Lakes Pharmacy

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Hair Salon Pharmacy Dental Office Law Firm Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

NNN (Triple Net)

Lease Type

$2.48 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49346, MI

5,877

Population

3,179

Households

1.8

Avg Household Size

51

Median Age

29%

College-Educated

96%

High-School Grad

64.5 sq mi

ZIP Area

91

Density / Sq Mi

$67,627

Median Household Income

$40,875

Median Earnings

$861

Median Rent

$222,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Shopping center - Multi-tenant center with building signage and established retail, pharmacy, medical, and restaurant occupants.

Where is this shopping center located?

The property is located at 10049 Buchanan Rd Canadian Lakes, MI.

What is the lease rate?

The lease rate is $16.50 SF/Yr.

What are key features of this property?

This property features: 22,297‑square‑foot shopping center built in 1980; On‑site doorstep parking and building signage; Existing tenants include Hixon’s Family Market and Canadian Lakes Pharmacy