Turn-Key Landmark
16409 Red Arrow Highway Union Pier, MI 49129
For Sale
Under Contract
$875,000
COMMERCIAL - Union Pier, MI
Property Size6,847 SF
Lot Size2.51 Acres
Price / SF$127.79
Days on Market332
Property Features for 16409 Red Arrow Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Basement
- Standard status
- Active Under Contract
- APN
- 11-13-0336-0066-04-0
- Size
- 6,847 SF
- Lot size
- 2.51 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Per Title Commitment
- Tax Annual Amount
- 10570
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 1
- Building materials
- Stucco
- Roof type
- Composition, Rubber
Listing Agency:
Realty Executives Instant Equity
(269) 983-7721
Listed By:
Jill Golden · License #6501424803
(269) 208-8996
Added: Aug 28, 2025
Changed: Jul 25
Last Checked: Jul 25 at 4:06PM
MLS# 25043954
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key restaurant is designed around a spacious main dining area, a well-appointed bar area, and additional seating that can be configured for private parties. At 6,847 square feet, the interior layout supports both regular service and group dining needs. Outside, the property includes a dedicated outdoor area with additional seating that can be used for celebrations and other special events. The offering includes complete operations with equipment, licensing, and systems in place for a seamless ownership transition.
Located at 16409 Red Arrow Highway in Union Pier, Michigan, the property sits within a lakeside community. Union Pier draws a mix of seasonal visitors and local diners. An upcoming residential cottage development on adjacent property is also expected to add to the local customer base.
For buyers and operators looking for a ready-to-run restaurant rather than a buildout, this asset provides a full food-and-beverage setup along with indoor and outdoor guest space. The combination of main dining, bar seating, and flexible additional seating supports a range of service formats, from standard dining to private gatherings.
Located at 16409 Red Arrow Highway in Union Pier, Michigan, the property sits within a lakeside community. Union Pier draws a mix of seasonal visitors and local diners. An upcoming residential cottage development on adjacent property is also expected to add to the local customer base.
For buyers and operators looking for a ready-to-run restaurant rather than a buildout, this asset provides a full food-and-beverage setup along with indoor and outdoor guest space. The combination of main dining, bar seating, and flexible additional seating supports a range of service formats, from standard dining to private gatherings.
Key Highlights
- 6,847 SF landmark restaurant in Union Pier, Michigan
- Outdoor seating area for additional dining and special events
- Forced‑air heating and central air conditioning
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.0k | $15.48 |
| − Vacancy | −$4.5k | −$0.65 |
| EGI | $101.5k | $14.83 |
| − OpEx | −$25.4k | −$3.71 |
| NOI | $76.2k | $11.12 |
6,847 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.09M
$951.9K – $1.27M
NOI $76,155 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,855 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Wine Sellers Inc
Specialty Food Shop
Timothy's Restaurant
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Turn-key restaurant with main dining, bar seating, and outdoor area for year-round events.
Where is this conventional restaurant located?
The property is located at 16409 Red Arrow Highway Union Pier, MI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,847 SF landmark restaurant in Union Pier, Michigan; Outdoor seating area for additional dining and special events; Forced‑air heating and central air conditioning
