Property profile

1590-1850 Anderson Rd Petoskey, MI 49770

OFF-MARKET
Neighborhood centers
311,933 SF
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Property summary

AI-generated overview

Bear Creek Plaza presents a unique opportunity for investors seeking a stable, high-performing retail property. This fully leased, 311,933 square foot strip center is strategically located at the intersection of Anderson Road and Lears Road in Emmet County, benefiting from exceptional visibility and accessibility. The center boasts a strong tenant mix, anchored by a Walmart Supercenter and complemented by national retailers such as OfficeMax, Home Depot, JoAnn Fabrics, and Marshalls. This ensures consistent cash flow and minimizes vacancy risk. The property underwent renovations in 2009, maintaining its modern appeal and functionality. The surrounding area demonstrates strong demographics, with an average household income within a three-mile radius exceeding $68,193, indicating a robust consumer base. This prime location, coupled with the impressive tenant lineup and proven performance, makes Bear Creek Plaza an exceptional investment opportunity in a thriving retail market. The property is currently fully occupied, offering immediate return on investment. This is a rare chance to acquire a well-established, high-performing retail center in a desirable location.

Property profile

Verified
Property type Neighborhood centers
Total area 311,933 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1590-1850 Anderson Rd Petoskey, MI 49770
Petoskey metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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