16409 Red Arrow Highway, Union Pier, MI 49129
sale
$940,000
|
Other
Courtesy Of Realty Executives Pro Brokers
815 Main St., St. Joseph, MI 49085
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.
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Property Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Building Units: 1
- Cooling System: Central Air
- Exterior Type: Stucco
- Heating System: Forced Air
- Legal Description: Per title commitment
- MLSID: 26017394
- Roof Type: Composition
- Roof Type: Rubber
- Rooms: Bathroom 2
- Rooms: Basement
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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