Building Details

Year Built 1996

Listing Agency: Landmark Commercial Real Estate Services Show Phone

Listed By: Max Lippitt · License #MI 6501395927

Source: Crexi

Added: Jul 8, 2020 Changed: Jul 10 Last Checked: Aug 5 at 9:36AM

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Investment Insights

Based on property information with market context.

This 64,957-square-foot commercial property is located in Essexville, Michigan. The property is part of Majestic Square and is anchored by JOANN, with Kroger as a shadow anchor. It is suitable for retail and commercial real estate purposes.

Key Highlights

• Kroger Shadow Anchored
• JOANN Anchored
• Year Built: 1996

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Auto Repair Shop Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

338

Businesses Nearby

184k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 45% Dining 38% Groceries 17% Electronics 1%

Kroger Groceries

30,936 visits/mo 0.2 miles

McDonald's Dining

24,573 visits/mo 0.4 miles

Speedway Shops & Services

17,205 visits/mo 0.2 miles

Dollar Tree Shops & Services

15,760 visits/mo 0.4 miles

Taco Bell Dining

13,721 visits/mo 0.3 miles

Demographics for 48732, MI

11,177

Population

5,329

Households

2.1

Avg Household Size

44

Median Age

21%

College-Educated

94%

High-School Grad

24.6 sq mi

ZIP Area

454

Density / Sq Mi

$53,466

Median Household Income

$36,392

Median Earnings

$759

Median Rent

$160,200

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

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Similar Off Market Nearby

• Hampton's Plaza — 1480 W Center Rd, Essexville, MI 48732
• Coinstar Kiosk - Bitcoin ATM — 2910 Center Ave Kroger, Essexville, MI 48732

Frequently Asked Questions

What type of property is this?

Shopping center - Retail space in Kroger shadow center, Essexville, Michigan.

Where is this shopping center located?

The property is located at 2950-2992 Center Ave Essexville, MI.

What are key features of this property?

This property features: Kroger Shadow Anchored; JOANN Anchored; Year Built: 1996