4020 4066 Red Arrow Highway, Stevensville, MI 49127
$1,000,000
Property Type:
Commercial Sale
Square Footage:
21,864
Lot Size (sq. ft.):
217,364
Status:
Sold
Current Price:
$1,200,000
List Date:
1/15/2016
Last Modified:
10/22/2021
Description
INVESTOR, OWNER/USER & DEVELOPER OPPORTUNITY! 21,864 SF commercial strip center with endless possibilities. Located across from Walgreens on the NW corner of a very desirable high traffic stoplight intersection of Red Arrow Hwy & Glenlord Rd, approx 1 mile from I-94. Situated in popular & fast-growing area between St. Joseph & Stevensville, this quality well-maintained, clean highly visible property has 12 leasable units between 707 SF to 4075 SF with 250 parking spaces. National lessees are Avis/Budget car rental, Papa John's, & State Farm Insurance. Call for details on this excellent opportunity.
More Information MLS# 14038888
Location & Property Info
Modifier: 4066
Cross Streets: Glenlord
Property Sub-Type: Retail
Area: Southwestern Michigan - S
Municipality: Lincoln Twp
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 54.88
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: 545 x
Road Frontage: 545
Listing Number Display: 14038888
Waterfront: No
Total # Units: 12
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 21864
Total Net SqFt: 21864
School District: Lakeshore
Lot Measurement: Acres
Lot Acres: 4.99
Lot Square Footage: 217364
Year Built: 1980
Full Baths: 1
Tax Info
Taxable Value: 1
SEV: 910000
For Tax Year: 2014
Seller's Annual Property Tax: 28648
Tax Year: 2013
Homestead %: 0
Spec Assessment & Type: none known
Non-Conforming Use: No
Tax ID #: 111200090015051
Remarks & Misc
Legal: 2 additional tax codes: 111200090029027, 111200090015069
Status Change Info
Sold Price/SqFt: 45.74
Under Contract Date: 2016-06-27
Sold Date: 2016-06-27
Sold Price: $1,000,000
Income and Expenses
Annual Maint ($): 9000
Annual Mgt Fees ($): 7000
Annual Prop Ins ($): 6200
Annual Utilities ($): 26000
Gross Op Income ($): 170000
Net Operating Income: 100000
Operating Expense: 70000
Street Type
Paved: 1
Public: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Construction Type
Steel: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Heat Type
Forced Air: 1
Business Includes
Real Estate: 1
Util Avail at St
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Driveway
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Location Property Info
County: Berrien
Street #: 4020
Street Name: Red Arrow
Suffix: Highway
State: MI
Zip Code: 49127
OfficeContract Info
Status: Sold
Current Price: $1,000,000
List Price: $1,200,000
Listing Date: 2014-07-09
Remarks Misc
Directions: Red Arrow to corner of Glenlord (Lincoln Town Center)
Property Features
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Ownership: LLC
Business Includes: Real Estate
Construction Type: Steel
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Electricity Available; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Documents
floor plan ›
Listing Office:
Core Real Estate, Inc.
Listing Agent:
Joseph Giannola
Last Updated: October - 22 - 2021
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