russbnaiwwmcom Cameron Timmer Investment Associate 6167760100 camerontnaiwwmcom Prime Redevelopment Opportunity 1560 US 31 S Manistee MI 49660 Former Kmart US 31 S Merkey Rd W Manistee Lake ID: 814482
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Slide1
Russ Bono, CCIM
Investment Sales 616.242.1115
russb@naiwwm.com
Cameron Timmer
Investment Associate
616.776.0100 cameront@naiwwm.com
Prime Redevelopment Opportunity
1560 US 31 S.
Manistee, MI 49660Former Kmart
US 31 S
Merkey Rd W
Manistee Lake
Slide2Property Overview
NAI IS PLEASED TO PROVIDE THIS OFFERING OF THE FORMER KMART BUILDING IN MANISTEE, MI
Manistee, MI
This former Kmart property is located in a prime location in the main retail corridor of Manistee, MI.
The center has strong access and good visibility on US 31, and has an out-lot that was most recently used as a C-store/Gas Station. This station was built in 2000 with modern double walled construction and should pose no environmental hazard. This out-lot could be re-opened as a fuel station/C-store or redeveloped for a different use.
The property is part of a larger retail center which includes a Sears Home Store, McDonalds, O’Reilly’s and Subway.
The City Of Manistee offers a wide variety of amenities and is a strong hub for tourist traffic in the West Michigan area. Manistee is also the County Seat of Mason County, MI
Building Specifications
Structure Size
91,266 SF Plus 1000 SF Gas Station
Floors
One
Year Built/Renovated
1991
Construction
Concrete w/ Steel frame
HVAC
Package Units (22)
Parking
On-Site
Parking Surface
Paved
Docks/Doors
Yes
Site Specifications
Lot Dimensions
Irregular
Acreage
12.01
Frontage
US 31
Major Arteries
US 31
Directions
US 31 S. South of Merkey Rd.
Parcel Number
06-113-425-15
Municipality
Filer Township
Zoning
GC General Commercial
Slide3Property Photography
Slide4Market Data
Demographics & Traffic Counts
Collection Street
Cross Street
Cross St Dist/Dir
Traffic Volume
Count Year
Dist from Subject
Type
US Highway 31 S
Care Center Dr.
0.15 N15,50020160.30MSPI…
Traffic Counts
Source: CoStar 2018
Slide5Market Overview – Manistee, MI
About
Manistee
Manistee is located along the coast of Lake Michigan, just North of Ludington. It has 25 miles of shoreline, three harbors, inland lakes, and 270 miles of rivers. The Manistee River Channel was built in 1854 and is still used today to transport vessels to and from the harbor of Lake Michigan. The autumn scenic routes along M-22 were voted #1 in the country in 2015. Manistee has multiple schools around the area including Northwestern Michigan College, Muskegon Community College, and Ferris State University.