A former Rite Aid pharmacy in Sparta is getting new life as an O’Reilly Auto Parts store after being purchased for $1.2 million.
The 8,000-square-foot building on Division Street was one of more than 150 Rite Aid locations that closed across Michigan last year.
” I think we were pretty fortunate compared to other towns,” said Jim Lower, Sparta Village Manager. “In Sparta, we’ve been fortunate. We have a very, you know, pro-business model for our downtown and our zoning and our regulations. So usually, ours don’t stay vacant very long, at least in the last five years. They turn over pretty quickly.”
Mark Ansara, partner and senior vice president at Advantage Commercial Real Estate, who brokered the deal, said the Sparta location attracted significant interest.
“We had multiple people look at that, because it’s a small market. It’s 8000 square feet, so I think we had three or four letters of intent to buy,” Ansara said.
The property’s size made it attractive to potential buyers, according to Ansara…