REIT Sale | Former Family Dollar | 2012 Built | Grand Rapids CSA

Highlights:

• 8,375 SF Freestanding Value-Add Retail on 1.07 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2012; Former Family Dollar Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Dollar General, Subway, High School, USPS, Remus Lumber, Fate’s Market, and more
• Strategic Highway Frontage and Visibility on 9 Mile Road (M-20) with Traffic Counts of 6,437 VPD
• Zoned C-1, Neighborhood Commercial District with a Variety of Commercial Uses
• Absolute $1 Auction – NO RESERVE!

Description:

Ri Marketplace Online Auction October 27th-29th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2742/reit-sale-former-family-dollar-2012-built-grand-rapids-csa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2742

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 2694 Nine Mile Road, Remus, Michigan 49340 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner/users or investors to acquire a high-visibility commercial asset at a substantial discount. FIRST BID MEETS RESERVE!

Built in 2012, the Property consists of a ±8,375 SF single-story retail building situated on a ±1.07-acre parcel (±46,596 SF). The site includes 42 surface parking spaces and benefits from direct access via one dedicated curb cut along Nine Mile Road/M-20 (±6,437 VPD). This strategic location along a well-trafficked corridor ensures both strong visibility and accessibility. The Property was previously leased on a triple net (NNN) basis to Family Dollar, who vacated in May 2024. This provides a compelling value-add opportunity for an owner/user or investor to reposition and lease at long-term market rates (CoStar estimated retail rents: $8–$9/SF NNN). Zoned C-1, Neighborhood Commercial District, the Property allows for a wide range of retail and commercial uses, offering substantial flexibility for repositioning, adaptive reuse, or redevelopment.

The Property is located in Remus, Michigan, a tight-knit community in Mecosta County situated along Nine Mile Road/M-20, a major east–west corridor traversing Central Michigan. The site benefits from excellent accessibility and visibility, positioned ±18-Mi west of Mount Pleasant, ±20-Mi east of Big Rapids, ±70-Mi north of Grand Rapids, and ±85-Mi northwest of Lansing, the state capital. M-20 serves as a key commuter and commercial route, supporting consistent traffic and regional connectivity. Remus functions as a local commercial hub for Mecosta County and surrounding rural townships, drawing residents for retail, dining, and essential services. The Property is strategically positioned with direct frontage along M-20, providing convenient access for both local residents and regional traffic. Educational and institutional anchors in the greater region, including Ferris State University (±10,000 students) in Big Rapids and Central Michigan University (±15,000 students) in Mount Pleasant, contribute to economic stability and demand for services. Mecosta County’s economy is supported by a diverse mix of agriculture, healthcare, education, and light manufacturing, while the area’s abundance of lakes, rivers, and state forestland supports year-round outdoor recreation and tourism. With an expanded 10-Mi population of more than 17,500 residents and an average household income (AHHI) of nearly ±$75,000, the Property is well positioned to support retail, service, or adaptive re-use opportunities.


Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: