Vacant Commercial buildings- the dead retail box stores
What are brokers/owners doing with these big box stores that have gone under, leaving behind a large, empty, costly building. A solution is needed for the spaces like sears/Kmart and so on. What are people doing with these vacant buildings? Share your thoughts or experiences.
[{"id": "hrf5j2h", "text": "There is a former Kmart in my town that a developer converted into 5 retail storefronts a couple years ago.  They are still all vacant.  I think the rear is self-storage, otherwise they would be really narrow/deep retail bays.  They also platted a couple 1-acre outlots but nothing happening with those either.", "replies": [{"id": "hrf6esk", "text": "Now that i'm looking into this property closer, it may all be self-storage.  If so, they probably had to give it a retail-like look for zoning.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hrf68qn", "text": "Some in certain locations are being leased and converted by korean/chinese grocery stores or churches.", "replies": [{"id": "hrfdd7a", "text": "There's a big retail mall near I-25 in Loveland CO that has a unit that was converted into a church.\n\nPersonally I really love H-Mart, the midwest could really use more quality Korean grocery stores.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hrf6cee", "text": "Call centers. Fitness centers. Community colleges/trade schools. Basically anything besides a competing big box (they are almost always deed restricted)", "replies": [], "depth": 1}, {"id": "hrf6kae", "text": "These are highly sought after for Self storage conversion currently.", "replies": [], "depth": 1}, {"id": "hrfbnxz", "text": "The Kmart near me and rest of the stores around it got torn down and turned into those mixed used buildings. Apartments on top with small businesses (cafes, restaurants, gyms, etc) at the bottom.", "replies": [], "depth": 1}, {"id": "hrfejeq", "text": "r/deadmalls", "replies": [], "depth": 1}, {"id": "hrfi82u", "text": "Car dealerships", "replies": [], "depth": 1}, {"id": "hrfmngx", "text": "Mostly being back filled by other big box tenants with quite a few subdivided. Kmarts in general initially were absorbed pretty quickly. The last few have dragged though but Amazon converted one to a delivery station and another is being marketed for for warehouse conversion. Mall anchors haven\u2019t done anything. All of the closures over the past decade have stayed empty and are simply waiting to be redeveloped.", "replies": [], "depth": 1}, {"id": "hrfrx5s", "text": "Multifamily", "replies": [], "depth": 1}, {"id": "hrfx0pc", "text": "Self storage where municipalities allow. There are some that get turned into last mile but those are tough as it is location dependent.", "replies": [], "depth": 1}, {"id": "hrg2rqa", "text": "Too expensive to demise. Need to hope a grocer will take it.", "replies": [{"id": "hrg33bq", "text": "Agreed! Gutting it was expensive enough lol", "replies": [], "depth": 2}], "depth": 1}, {"id": "hrg8sui", "text": "I know people that like to convert them to self storage if it makes sense at that location", "replies": [], "depth": 1}, {"id": "hrgbhan", "text": "Convert to warehousing, office space, smaller retail units, etc\n\nOr alternatively demolish and try to get zoning for residential.", "replies": [], "depth": 1}, {"id": "hrhl4d8", "text": "Medical space conversions. Same with empty spaces in malls", "replies": [], "depth": 1}, {"id": "hrho9yd", "text": "Government subsidized housing that somehow costs 2x the market rate....", "replies": [], "depth": 1}, {"id": "hrjj18x", "text": "New shopping center concept - Specialty Grocery, Wine/Liquor Box, Goodwill", "replies": [], "depth": 1}]