Orchards Mall auction to begin Monday

 

BENTON HARBOR, Mich. – The auction of the Orchards Mall in Benton Harbor will begin Monday.

The 500,000 square-foot building was built in 1979 and is only 45 percent full of the retailers it could hold.

The listing says, “The mall now poses an opportunity for an experienced investor/operator to acquire the property at well below replacement cost and also significantly below the basis of other retail shopping centers in the immediate area. New tenants will be attracted by improved management, ultra-competitive lease terms, and freed up capital may also be used for capital improvements.”

The bidding starts at $750,000.