Offering Memorandum
Investment Sale
Lincoln Bridge Plaza
704 S Main St
Cheboygan, Michigan
Cheboygan, Michigan
eCode:017i
Sales Price
$1,700,000
NOI
$163,982
Cap Rate
9.65%
Building Size
29,586 SF
Lot Size
2.23 AC
Anchor(s)
Ace Hardware
Tenant Roster
- Little Caesars
- Wild West Tobacco
- Bankers Life
- W&W Wellness
- Alcona Health
- Alpine Eye
- Continental
Traffic Count
S Main St (13,620 CPD)
W Lincoln Ave (5,368 CPD)
Highlights
- Strong Retail/Media Tenant Mix
- Strategic Medical Location – McLaren Health Center
- Successful Retail Market – Cheboygan
- Recent Building Improvements
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 2,825 | 6,585 | 9,375 |
| Household Income | $57,803 | $56,915 | $58,346 |
| Daytime Pop | 3,028 | 4,653 | 5,159 |
SIMILAR PROPERTIES
Single-Tenant
1325 28th St SW, Wyoming, Michigan
461 28th St SE, Grand Rapids, Michigan
$1,200,000 | Wyoming, MI: 822 SF | Grand Rapids, MI: 800 SF
461 28th St SE, Grand Rapids, Michigan
$1,200,000 | Wyoming, MI: 822 SF | Grand Rapids, MI: 800 SF
Multi-Tenant
29065 Cabot Dr
Novi, Michigan
Unpriced | 50,501 SF
Novi, Michigan
Unpriced | 50,501 SF
