16409 Red Arrow Highway Union Pier, MI 49129
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,847 sqft
Price per Sqft $137
Municipality New Buffalo Twp
MLS Listing ID 26017394
Full Baths 3
Year Built 1900
Annual Tax Amount $10,570
Tax Year 2024
Lot Size 2.510 Acres
Acres 2.51
Lot Dimensions irregular
Property Sub-Type Business
Source Michigan Regional Information Center (MichRIC)
Property Description
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. 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.
Location
State MI
County Berrien
Direction Directly off Red Arrow Highway
Interior
Heating Forced Air
Cooling Central Air
Inclusions Real Estate, Licenses, Inventory, Furniture, Equipment
Exterior
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
View Y/N No
Roof Type Composition,Rubber
Building
Structure Type Stucco
New Construction No
Schools
School District New Buffalo
Others
Tax ID 11-13-0336-0066-04-0
Ownership LLC
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
NEARBY SCHOOL & BUSINESS
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