The listings are:
•Canton, MI-A former Super Kmart location at 41660 Ford Rd. on 23 acres and spans 180,000 sf. Offered for lease or sale, this retail property has an asking price of $17 million.
•Three Rivers, MI-Located 20 miles south of Kalamazoo, this 92,000 sf former Kmart is available for sale or lease. Asking price is $1.5 million.
•Mount Morris, MI-This former Kmart offers 86,600 sf of retail space and is being offered for sale at $1.5 million.
•Ludington, MI-This 86,479 sf former Kmart is in northwest Michigan, about 50 miles from Muskegon, with rental rates at $6.50 per sf.
"This is an ideal time for large retail users and investors to explore these big box opportunities," says David Friedman, president of Friedman and primary listing agent. "We are offering excellent anchor positions at exceptional rates."
Troy, MI-based Kmart closed about a third of its stores nationally, including more than 25 in its home state during its approximately 16-months under Chapter 11 bankruptcy protection, from which it emerged this past spring. Kmart owned less than 15% of the properties of the stores it closed, according to a Kmart spokesman when the closings were announced earlier this year.
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