4020 4066 Red Arrow Highway, Stevensville, MI 49127 (MLS# 14038888)

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

County: Berrien Street #: 4020 Street Name: Red Arrow Suffix: Highway State: MI Zip Code: 49127 Area: Southwestern Michigan - S

OfficeContract Info

Status: Sold Current Price: $1,000,000 List Price: $1,200,000 Listing Date: 2014-07-09

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 4.99 Lot Square Footage: 217364 Lot Dimensions: 545 x Year Built: 1980 Road Frontage: 545 Listing Number Display: 14038888 Total # Units: 12 # Fin Bldg Lvls: 1 Total # Bldgs: 1 Total SqFt: 21864 Total Net SqFt: 21864 Full Baths: 1 Waterfront: No School District: Lakeshore

Tax Info

Tax ID #: 111200090015051 Taxable Value: 1 SEV: 910000 For Tax Year: 2014 Seller's Annual Property Tax: 28648 Tax Year: 2013 Spec Assessment & Type: none known Non-Conforming Use: No

Remarks Misc

Directions: Red Arrow to corner of Glenlord (Lincoln Town Center)

Status Change Info

Under Contract Date: 2016-06-27 Sold Date: 2016-06-27 Sold Price: $1,000,000 Sold Price/SqFt: 45.74

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

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

4020 4066 Red Arrow Highway, Stevensville, MI 49127- MLS# 14038888

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