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    OFF-MARKET
    Neighborhood centers

    1590-1850 Anderson Rd, Petoskey, MI 49770

    311,933 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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