1590-1850 Anderson Rd Petoskey, MI 49770
- Neighborhood centers
- 311,933 SF
Current Use by Public Records
- Neighborhood centers
Property Details for 1590-1850 Anderson Rd
- Property size
- 311,933 SF
- Property type
- Neighborhood centers
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Petoskey
- County
- Emmet
- State
- Michigan
- Longitude
- -84.9731
- Latitude
- 45.3524
