Shoppers Lane Center

Located on the northwest quadrant of S. Riverview Drive and E. Mosel Avenue, between Commerce Lane and Shoppers Lane, in Parchment, MI.This 29,825 SF retail center is available for sale or lease in Parchment, MI, just north of Kalamazoo. The property includes an 18,402 SF operating grocery store (DO NOT DISTURB TENANT), which will vacate upon sale or lease. The owner has added approximately 1,000 SF to the grocery space, though it is not reflected in the current square footage. Dollar Tree expanded by 4,273 SF in 2023 and extended its lease for 10 years, adding (5) 5-year renewal options. The center is surrounded by many national and local retailers and restaurants, benefiting from a strong local population of 111,000+ residents within a 5-mile radius. This is a prime value-add opportunity for an owner/user.This 29,825 SF retail center is available for sale or lease in Parchment, MI, just north of Kalamazoo. The property includes an 18,402 SF operating grocery store (DO NOT DISTURB TENANT), which will vacate upon sale or lease. The owner has added approximately 1,000 SF to the grocery space, though it is not reflected in the current square footage. Dollar Tree expanded by 4,273 SF in 2023 and extended its lease for 10 years, adding (5) 5-year renewal options. The center is surrounded by many national and local retailers and restaurants, benefiting from a strong local population of 111,000+ residents within a 5-mile radius. This is a prime value-add opportunity for an owner/user.