Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Red Arrow Highway Corner Lot Title is generated by Realmo AI

    29055 Red Arrow Highway, Paw Paw, MI 49079

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $37,000

    Commercial land with high visibility and easy access.

    Type:Commercial/Industrial
    Property size:
    31,798 SF
    Lot size:
    0.73 Acres
    Price / SF:
    $1.16/SF
    Added:
    Mar 11, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 6 at 12:47 am

    Property Features for 29055 Red Arrow Highway

    General Information

    Standard status
    Active
    Size
    31,798 SF
    Lot size
    0.73 Acres
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Scott S Fraze

    Listing agent Scott S Fraze License #6501422730

    Listing office Chuck Jaqua, REALTOR

    Listing date Mar 11, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Chuck Jaqua, REALTOR

    HighLights

    • 150 feet of frontage on highly visible Red Arrow Highway
    • Corner lot with easy access
    • 235.71 feet of frontage on Rolling Meadows
    • Zoned General Commercial, providing many business options
    • High traffic counts
    • .73 acres with a completed perk test

    Overview

    This commercial land offers 150 feet of frontage on Red Arrow Highway, a highly visible location. The corner lot also features 235.71 feet of frontage on Rolling Meadows, providing easy access. The property is 0.73 acres in size and has a completed perk test. Zoned General Commercial, the location offers many business options. High traffic counts are expected to increase with the area's growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Kitchen & Bath Showroom HVAC Service Storage Facility Garden Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paw Paw
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.8344
    Latitude
    42.227

    Nearby Similar for Sale

    • $445,000
      2,790 SF

      Paw Paw Commercial Land Opportunity

      11+ acres with road frontage in high-traffic area.
      35553 M 43, Paw Paw, MI 49079
      View Details
    • $299,000
      3,054 SF

      Paw Paw Commercial Building on Acreage

      Commercial building with fenced storage, outbuilding, and high-traffic location.
      1011 E Michigan Avenue, Paw Paw, MI 49079
      View Details
    • $379,900
      1,885 SF

      Downtown Paw Paw Office Building

      Professional office building in downtown Paw Paw, furniture included.
      215 N Kalamazoo Street, Paw Paw, MI 49079
      View Details
    • $324,814
      3,696 SF

      Paw Paw Commercial Opportunity

      Visible storefront with acreage and pole barn near Red Arrow.
      1022 E Michigan Avenue, Paw Paw, MI 49079
      View Details
    • $590,000

      80-Acre Land Parcel in Paw Paw

      Large land parcel for farming, hunting, recreation, and waterfront enjoyment.
      36th Avenue, Paw Paw, MI 49079
      View Details
    • $850,000

      Paw Paw I-94 Frontage Land

      Up to 7 acres available with I-94 highway frontage.
      Ampey Road, Paw Paw, MI 49079
      View Details
    • $238,500

      Duplex in Paw Paw, Michigan

      Well-maintained duplex with reliable income in prime location.
      608 W Michigan, Paw Paw, MI 49079
      View Details
    • $875,000

      Paw Paw I-94 Frontage Land

      Up to 7 acres available with I-94 highway frontage.
      Ampey Road, Paw Paw, MI 49079
      View Details
    • $445,000

      Farmhouse with Guest House on Acreage

      Large farmhouse with guest house on over 11 acres.
      35553 M 43, Paw Paw, MI 49079
      View Details
    • $289,000

      40-Acre Parcel with Shop/Barn

      40-acre Paw Paw parcel with open fields and shop/barn.
      45124 41st Street, Paw Paw, MI 49079
      View Details
    • $149,900

      Paw Paw Land Parcel

      6.8 acre parcel prepped for new home build.
      37916 County Road 665, Paw Paw, MI 49079
      View Details
    • $175,000
      1,163 SF

      Paw Paw Office Building

      Office building in prime location near courthouse and park.
      213 E Paw Paw Street, Paw Paw, MI 49079
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high visibility and easy access.
    Where is this commercial land located?
    The property is located at 29055 Red Arrow Highway Paw Paw, MI.
    What is the asking price?
    The asking price for this property is $37,000.
    What are key features of this property?
    This property features: 150 feet of frontage on highly visible Red Arrow Highway; Corner lot with easy access; 235.71 feet of frontage on Rolling Meadows
    (269) 381-7653
    We can help!
    Listing Contact
    Scott S Fraze
    Real Estate License ID: 6501422730
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    29055 Red Arrow Highway, Paw Paw, MI 49079
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!