Soo Plaza

Seller Offering 80% LTV Financing with Below Market Interest Rate | Terms to be Negotiated
71,108 SF Retail Center Built in 1980 | Located Along 75 Business Spurr Averaging 15,600+ VPD
Recent Capital Expenses Include 2 New HVAC Units for Arona
Shopping Plaza Averages 180K+ Visits per year | Anchored by Arona
30% Vacancy Across Six Suites | Value Add Opportunity to Increase NOI by Leasing 21,825 SF Available
Established Retail and Long-Term Tenant Commitments | Many with Renewals
Easily Accessible and Excellent Visibility | Less than 2 Miles from I-75
Ample Parking on site for Customers and Staff
Along Major Shopping Corridor | Nearby Retailers Include Walmart, Hobby Lobby, Five Below, T.J. Maxx, Ulta Beauty, Buffalo Wild Wings, Circle K, McDonald's, UHaul, Pet Supplies Plus, and Many More
Surrounded by Hotels and Inns such as Hampton Inn, Super 8, The Inn Sault Ste. Marie, Americas Best Value Inn, Comfort Inn and More
The Soo Locks in Sault Ste. Marie attracts approximately 500,000 - 600,000 visitors annually to the viewing platform and visitor center
The Sault Ste. Marie International Bridge is the only international border crossing between Michigan and Ontario for approximately 700 miles, carrying approximately 3,000 to 4,000 vehicles per day
Additional Land for Development or Use Behind Building | Approximately 7.10 Acres | Contact City for Potential Use

Overview