$1,000,000
Stevensville, MI 49127
MLS# 14038888
Status: Sold
21864 sqft
1 / 4
Property 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.
Details
Documents
Location Property Info
County: Berrien
Street #: 4020
Street Name: Red Arrow
Suffix: Highway
State: MI
Zip Code: 49127
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
floor plan Listing Office: Core Real Estate, Inc.
Listing Agent: Joseph Giannola
Last Updated: October - 22 - 2021
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