Walker's Green Orchard Shopping Center, Home to Kohl's and Hobby Lobby, Listed for $38.92 Million
The 30-acre Green Orchard Shopping Center near Alpine Avenue NW and I-96 in Walker has been listed for sale at $38.92 million, a substantial jump from its 2019 price.
WALKER, Mich. (WOOD) — Green Orchard Shopping Center in Walker has been listed for sale, with the 30-acre property near Alpine Avenue NW and I-96 priced at $38.92 million.
The shopping center is currently at a 93.6% occupancy rate, according to the listing from Advantage Commercial Real Estate. Tenants include Kohl's, Hobby Lobby, Office Depot, Hibachi Grill, Ollie's Bargain Outlet, Lava Island and Shoe Carnival.
In addition to the 313,000-square-foot shopping center, the listing includes a 1.8-acre outlot. The property features about 1,250 parking spots on site.
The shopping center is situated off Alpine Avenue in Walker, one of West Michigan's primary retail corridors. It is surrounded by a dense concentration of national retailers, including Target, Meijer, Sam's Club, Walmart, Menards and The Home Depot.
Green Orchard Shopping Center was last sold in 2019 for a total of $21.25 million, with online records showing $15 million for 745 Center Dr. NW and $6.25 million for 555 Center Dr. NW. The current listing price represents a notable increase from that figure.
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