Waterfront Place Mall for sale

Office for Sale
Catylist Listing ID: 30793811
Property Subtypes: Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 5,150 SF
Gross Building Area: See Agent
Sale Price: $499,000
Unit Price: $96.89 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Waterfront Place Mall
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/5/2022

Overview / Comments

Waterfront Place Mall is being offered for sale for the first time. Simply searching for a spot to locate your business? Office and/or service business lease space is available. The building features five separate units, including: Unit 939A - 833 Sq. Ft. offering 1-Bathroom, Unit 939B - offering 800 Sq. Ft. and offering 1-Bathroom, Units 941 & 943 - (Currently Combined) 1792 Sq. Ft. offering 2-Handicap Accessible Bathrooms, 2 Front & Rear Entrance Doors, and Unit 945 - 1600 Sq. Ft. offering 1-Bath and Front & Rear Entrance Doors. The Mall has a free span roof so each unit can be modified by lessee to accommodate total square footage needed. All units include central air, ample parking and separate meters with the exception of water. Lessee pays proportionate share of lawn & snowplowing service. Lessor provides exterior maintenance of building and common grounds. Call today for more details.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Tax ID/APN: 051-154-613-50
Zoning: B-3
Property Visibility: Excellent
Area Description: East on Portage Ave. from Ashmun St. intersection approximately a mile and located west of Waterfront Place Condominiums. Building is referred to as Waterfront Place Mall on your left.
Total Number of Buildings: 1
Number of Stories: 1
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Space Heaters
Zoning Description: B-3
Water Service: Municipal
Sewer Type: Municipal
Legal Description: ASSESSOR'S SUB NO 14 & PLC 114 COMM AT SE COR LOT 613; TH N 63 DEG W 159.21 FT TO POB; TH N 63 DEG W 104.4 FT TH N 26 DEG E 106.27 FT; TH S 63 DEG E 104.4 FT; TH S 26 DEG W 106.27 FT TO POB .253AC+/-

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,994 12,567 15,285
Median Age: 34.21 35.18 36.02
Households: 1,801 5,397 6,448

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