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: $1,000,000 List Date: 1/15/2016 Last Modified: 10/22/2021

Overview

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.

Listing Details MLS# 14038888

Location Property Info

County: Berrien
Street #: 4020
Street Name: Red Arrow
Suffix: Highway
State: MI
Zip Code: 49127

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: Yes
Total # Bldgs: Yes
Total SqFt: 21864
Total Net SqFt: 21864
Full Baths: Yes
Waterfront: No
School District: Lakeshore

Tax Info

Tax ID #: 111200090015051
Taxable Value: Yes
SEV: 910000
For Tax Year: 2014
Seller's Annual Property Tax: 28648
Tax Year: 2013
Spec Assessment & Type: none known
Non-Conforming Use: No
Homestead %: 0

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/SqFt: 45.74

More Information

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

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

Remarks & Misc

Legal: 2 additional tax codes: 111200090029027, 111200090015069

Street Type

Paved: Yes
Public: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Bar/Tavern/Lounge: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes

Construction Type

Steel: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Heat Type

Forced Air: Yes

Business Includes

Real Estate: Yes

Util Avail at St

Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Driveway

Paved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

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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