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City by the Lake.org, The Voice of Michigan City, Indiana _ City Talk _ Marquette Mall marked down to $9 million

Posted by: Southsider2k12 May 24 2017, 02:46 PM

In November 2014 it was listed at $11.5 million.

https://www.bisnow.com/chicago/news/retail/cannon-commercial-lists-three-south-side-retail-properties-74730

QUOTE

The third asset, Marquette Place at 450 St. John Road in Michigan City, Indiana, is the largest asset in the portfolio but the weakest performer. The 481K SF shopping center is only 60% leased, but it is on Michigan City's main retail strip and has tenants including Athletico, Carson Pirie Scott and Planet Fitness. It is listed at $9M as a value-add opportunity.

Posted by: Tim May 24 2017, 03:05 PM

QUOTE(Southsider2k12 @ May 24 2017, 02:46 PM)

In November 2014 it was listed at $11.5 million.

https://www.bisnow.com/chicago/news/retail/cannon-commercial-lists-three-south-side-retail-properties-74730

Wouldn't it be great if someone bought the mall and turned it back into this?

Attached image(s)

Posted by: taxthedeer Jun 4 2017, 09:53 AM

The Ford dealership across the street has changed hands again. Sauers Ford is now Castle Ford.

Posted by: diggler Jun 18 2017, 04:39 AM

Make the dead mall into a memorial or museum to the hollowed out middle class.