Bid Dates: 02/23-02/25

Starting Bid: $75,000

• Significant Value-Add Opportunity – Approximately 8,500 SF of contiguous vacancy offers major upside through new leasing, tenant repositioning, or reconfiguring the space to meet current market demand. Existing rents are below market, providing additional value-add potential in an opportunity zone.
• New Roof Installed in 2025 – A brand-new roof replacement completed in 2025 reduces near-term capital expenditures and enhances long-term asset durability.
• High Visibility Along US-31 Business Route – Located on Colby Street, a primary commercial corridor with 11,600+ vehicles per day, the property benefits from strong visibility and steady year-round traffic from both residents and seasonal visitors.
• Stabilized Tenancy with Upside – Essential service tenants – including upholstery, tattoo, and multi-service operators – provide consistent daily traffic. The remaining vacancy creates a clear path to further stabilization and NOI growth.
• Surrounded by Major National Retailers – The property is positioned near high-performing national brands such as Pizza Hut, Dollar General, Marathon, Shell, Arby’s, Walgreens, Culver’s, McDonald’s, Advance Auto Parts, Burger King, and Goodwill, supporting strong consumer draw and retail synergy