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26804938
26804958

16409 Red Arrow Highway, Union Pier, MI 49129

JG
MI 6501424803
KT
MI 6501423429
Realty Executives Pro Brokers Joseph
Listed by Realty Executives Pro Brokers Joseph
$1,235,000
276 days on market
Updated 31 days ago

16409 Red Arrow Highway, Union Pier, MI 49129

Details
APN 11-13-0336-0066-04-0
Property Type Business for Sale, Retail
Sub Type Business Only, Restaurant
Square Footage 6,847
Units 1
Occupancy 100%
Price per SqFt $180
Class A
Year Built 1900
Buildings 1
Acreage 2.510
Zoning Business Improved
Investment Type Stabilized
Ownership LLC

Where Lakeshore Charm Meets Culinary Opportunity

Marketing description

Step into a thoughtfully designed approx 6,847 square foot landmark building positioned in the vibrant heart of Union Pier, Michigan -- one of Southwest Michigan's most sought-after lakeside communities. This exceptional property features 6,847 square feet of spacious, flexible space suitable for a variety of uses. Complementing the interior is a beautiful outdoor area that opens up endless possibilities for expansion, entertainment, or experiential concepts throughout the year. The building is being sold in its current configuration, ideal for continued restaurant use or reimagined for a new concept. Sale includes the building and all affixed fixtures only. Artwork, all non-affixed equipment & liquor license are excluded from the sale. Adjacent building with approx 480 sq is included. Seller Leaseback Opportunity: The seller is willing to negotiate post-closing lease terms ranging from several months to 1-2 years. The seller is willing to negotiate post-closing lease terms ranging from several months to 1-2 years.The leaseback will be structured at a 9% cap rate on a NNN basis, providing a strong, predictable return with minimal landlord obligations. Union Pier attracts a sophisticated blend of seasonal tourists and discerning locals, creating consistent demand year-round. The upcoming residential cottage development on the adjacent property will further expand the built-in customer base, and the area's reputation as a premier lakeside destination ensures strong and sustained foot traffic. Whether you're an investor seeking a turnkey NNN leaseback or an owner-user planning your next venture, this property delivers a rare combination of location, flexibility, and immediate return potential.

Investment highlights

  1. Established Turn-Key Restaurant
    6,847 SF landmark dining destination with complete operations, including equipment, furniture, inventory, and licenses, delivering a seamless transition for new ownership.

  2. Prime Union Pier Location
    Located on 2.51 acres with 480 feet of frontage on Red Arrow Highway in the heart of one of Southwest Michigan’s most sought-after lakeside communities.

  3. Versatile Space
    Expansive main dining room, bar, and flexible private dining areas complemented by a beautifully designed outdoor patio ideal for weddings, receptions, and seasonal events.

  4. Strong Market Demand
    Union Pier attracts both seasonal visitors and discerning year-round residents, providing consistent customer traffic. An adjacent new residential cottage development will further expand the customer base.

  5. Well-Maintained & Functional
    Property features central air, forced air natural gas heating, public water/sewer, and ample parking. Solid block and concrete construction with stucco exterior and composition/rubber roofing.

  6. Attractive Financial Metrics
    Offered at $1,600,000 ($233.68/SF) with annual property taxes of $10,570. Ready for investors seeking immediate cash flow potential with long-term appreciation.

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Listing Contacts

JG
MI 6501424803
KT
MI 6501423429
Realty Executives Pro Brokers Joseph
Listed by Realty Executives Pro Brokers Joseph

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Additional Information

Name
Jill Golden
License
6501424803
Brokerage
Realty Executives Instant Equity
Title
Real Estate Sales Person
Brokerage Address
213 Hilltop Road
Name
Keene Taylor
License
6501423429
Brokerage
Realty Executives, Instant Equity
Brokerage Phone
(269) 983-7721
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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