The 2023 Spring Senior Expo at the Midland Mall included live entertainment, vendors, classes and giveaways.
Dave ClarkThe current owner of the Midland Mall expects the sale of the 32-year-old structure to an undisclosed new owner to be finalized at some point today, Wednesday, May 31.
That will include the payment of a total of $1,079,741.32 in 2022 and 2021 delinquent property taxes to Midland County, Kohan Retail Investment Group CEO Mike Kohan said on Wednesday morning. All overdue property taxes must be paid in order for a property to change ownership.
As of 11 a.m. Wednesday, the Midland County Register of Deeds office said no new deed had been filed for a transfer of ownership of the mall.
Kohan Retail Investment Group, located in Great Neck, New York, has owned the Midland Mall since 2018. The property was sold on March 30 through a three-day online auction conducted by Real Insight Marketplace. Since that date, the Daily News has made multiple inquiries to the Register of Deeds office, the Midland Mall office and Kohan Retail Investment Group to find out the identity of the new owner and when the sale will become official.
Todd Szymczak, Senior Vice President of real estate firm NAI Farbman of Southfield, said the final bid for the mall was greater than $5 million and was made by “a mid-Michigan entrepreneur.”
Midland Mall General Manager Angela Browning also told the Daily News that the sale of the mall is expected to be finalized May 31.