The Holiday Village Mall is for sale.
On Friday, the mall will be posted for sale in an auction, according to an official statement from mall management on behalf of the owners.
The transition is not expected to affect businesses inside the mall, the statement says:
“We do not expect the sale to impact the operations of the center. We anticipate a smooth transition to new ownership and expect the center to continue serving the community as a viable shopping destination.”
The goal is to find someone who will bring the shopping center back to its glory days.
“We hope to find a buyer who can give the center the needed attention it deserves and restore it to a vibrant, retail destination for the community,” the statement says.
Bidding on the commercial property website Ten-X Commercial, is set to begin Monday.
The starting bidding price for the 24.22-acre property will be $250,000. The commercial property is listed for sale here.
The property is listed as being 53 percent occupied.
The mall lists 24 tenants on its website directory, including North 40 Outfitters, which is on its way out as it readies a larger space in the former Kmart building on U.S. Highway 2.
Talk of selling the mall is not new.
As reported by the Herald in 2018, the Holiday Village Mall, along with other commercial properties owned by Security National Properties, was listed to go to auction at the end of that year.
That never happened.
Then the sale was moved to Jan. 8. A public notice about it was posted in Havre Daily News.
That never happened, either.
Montana Cadastral shows the same owner of the shopping center before the purported auction as now. Hill County and Department of Revenue records confirm the same ownership since at least 2014.
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- What Will Happen With the Holiday Village Mall?
The last couple of years have been rough for the mall.
In 2018, the Holiday Village Mall lost two anchor stores, Herberger’s and Sears Hometown Stores, both companies which had closed stores across the country.
By the end of this year, its last anchor store, North 40, is expected to be gone as well.
The Holiday Village Mall was built for $8 million, far from the $250,000 at which bidding will soon begin. The project was spearheaded by developers Ted and Jack Mitchell, a father-son duo out of Great Falls. It opened on Nov. 8, 1978 and had leased 40 of the 43 business spaces by opening day, providing jobs for somewhere between 500 and 600 workers.
Now, 40 years later, the way people shop has changed, thanks especially to online shopping, a trend that has dramatically affected shopping malls across the country. Malls will have to evolve, some argue, or they won’t have a chance.
“Traditional malls need to transform themselves to stay alive,” says Forbes magazine.
Whether Havre Holiday Village Mall finds a path to survival remains to be seen.
This story has been updated.
Email Paul Dragu at firstname.lastname@example.org