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    1138 3 Mile Rd Sault Ste. Marie, MI 49783

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    For Lease
    Contact for pricing

    796 sq ft, Sault Ste. Marie, MI

    Lot size:
    796 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, totaling 796 square feet, is available for lease within a high-traffic Meijer store in Sault Ste. Marie, Michigan, located at 1138 West 3 Mile Rd, zip code 49783, Chippewa County. This "store-within-a-store" opportunity offers unparalleled visibility and access to thousands of weekly customers. The space benefits from a prime, front-of-store location, maximizing customer interaction. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM charges, and utilities, simplifying budgeting. Branding opportunities are available, including both interior and exterior signage. The location boasts strong demographics within a thriving trade area. This turnkey solution is ideal for a variety of businesses, including but not limited to financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The property is part of a larger retail chain presence in the Midwest, offering significant potential for growth and brand recognition. This is a unique opportunity to establish a business within a well-known and trusted retail environment.

    Property Features for 1138 3 Mile Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    796 SF

    Unit(s) available at that property

    Space
    Suite B
    Size
    796 SF

    HighLights

    • 796 SF retail space available for lease in high‑traffic Meijer store.
    • Prime, front‑of‑store location with excellent visibility.
    • All‑inclusive monthly rent covers taxes, insurance, CAM, and utilities.
    • Interior and exterior signage opportunities available.
    • Strong demographics and thriving trade area in Sault Ste. Marie, MI.
    • Multiple Meijer in‑store vacancies available throughout the Midwest.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sault Ste. Marie
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.387469668235
    Latitude
    46.46409994511

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    FAQs

    What type of property is this?
    Retail property - 796 sq ft, Sault Ste. Marie, MI
    Where is this retail property located?
    The property is located at 1138 3 Mile Rd Sault Ste. Marie, MI.
    What are key features of this property?
    This property features: 796 SF retail space available for lease in high-traffic Meijer store.; Prime, front-of-store location with excellent visibility.; All-inclusive monthly rent covers taxes, insurance, CAM, and utilities.
    Request Owner's contact information
    1138 3 Mile Rd Sault Ste. Marie, MI 49783
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1138 3 Mile Rd Sault Ste. Marie, MI 49783
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