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Discontinued Operations
 12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
14.           Discontinued Operations
During 2013, the Company sold a single tenant property located in Ypsilanti, Michigan in January 2013 for approximately $5.6 million. The Company also classified a Kmart anchored shopping center in Ironwood, Michigan as held for sale on December 31, 2013.  The Company completed the sale of the Ironwood property for approximately $5,000,000 on January 15, 2014. 
 
During 2012, the Company sold six non-core properties, a vacant office property for approximately $650,000; two vacant single tenant properties for $4,460,000; a Kmart anchored shopping center in Charlevoix, Michigan for $3,500,000, and two Kmart anchored shopping centers, one in Plymouth, Wisconsin and one in Shawano, Wisconsin for $7,475,000.  In addition, the Company conveyed four mortgaged properties, which were previously leased to Borders, Inc., to the lender in March 2012 pursuant to a consensual deed-in-lieu-of-foreclosure process that satisfied the loans. The mortgage loans had an aggregate principal amount outstanding of approximately $9.2 million as of December 31, 2011.  The Company also classified a single tenant property located in Ypsilanti, Michigan as held for sale on December 31, 2012.  The Company completed the sale of the Ypsilanti property for approximately $5,600,000 on January 11, 2013. 
 
The results of operations for these properties are presented as discontinued operations in the Company’s Consolidated Statements of Operations and Comprehensive Income.  The revenues for the properties were $1,290,601, $3,932,462 and $13,773,597 for the years ended December 31, 2013, 2012 and 2011, respectively.  The expenses for the properties were $992,259, $1,665,533 and $17,730,409 for the years ended December 31, 2013, 2012 and 2011, respectively.
 
The Company elected to not allocate consolidated interest expense to the discontinued operations where the debt is not directly attributed to or related to the discontinued operations.  Interest expense that was directly attributable to the discontinued operations was $-0-, $-0- and $1,313,875 for the years ended December 31, 2013, 2012 and 2011, respectively, and is included in the above expense amounts.
 
The results of income (loss) from discontinued operations allocable to non-controlling interest were $31,953, $129,993, and ($131,621) for the years ended December 31, 2013, 2012 and 2011, respectively.
 
The Company will classify properties as held for sale and reflect as discontinued operations when executed purchase and sales agreement contingencies have been satisfied thereby signifying that the sale is guaranteed and legally binding.