Skip to main content Skip to footer
  • For Sale
Grocery Anchored, Value-add Shopping Centre - #1
Grocery Anchored, Value-add Shopping Centre - #2
Grocery Anchored, Value-add Shopping Centre - #3
Grocery Anchored, Value-add Shopping Centre - #4
Grocery Anchored, Value-add Shopping Centre - #5
Grocery Anchored, Value-add Shopping Centre - #6
Grocery Anchored, Value-add Shopping Centre - #7
Grocery Anchored, Value-add Shopping Centre - #8
Grocery Anchored, Value-add Shopping Centre - #9
Grocery Anchored, Value-add Shopping Centre - #10
Grocery Anchored, Value-add Shopping Centre - #11

For Sale

$4,750,000 CAD

Colliers International has been retained by Tonecraft Limited (“Vendor”) to assist in the sale of Marathon Centre Mall, municipally known as 2 Hemlo Drive in the Town of Marathon, Ontario (the “Property”). Marathon Centre Mall represents an excellent opportunity to acquire a grocery anchored retail asset with strong value-add potential, strategically located within the heart of one of the largest towns on Lake Superior’s western shoreline.

The Property is a single storey 71,553 SF enclosed retail mall with a fuel station pad and stand-alone drive-thru restaurant. Anchored by Independent Grocer (Loblaws) and the Bargain Shop (Red Apple Stores), the centre provides a strong mix of national and local retail services to the residents of this northern community and surrounding region.

The Town of Marathon is experiencing strong growth due to new mining activity in the region. The recently announced Marathon Palladium and Copper Project, a one billion dollar development is expected to bring over 1,000 jobs and nearly double the town’s current population within the next 2 to 3 years. As the primary retail service provider in the area, the Property will benefit greatly from this increase in economic activity in the region.