Remodeled Bowling Alley and Sports
For Sale
$7,950,000
40501 Production Drive, Harrison Township, MI 48045
Industrial-zoned entertainment property with a commercial kitchen, full bar, and multiple recreational facilities.
Property Size54,140 SF
Days on Market65
Property Features for 40501 Production Drive
General Information
Standard status
Active
Size
54,140 SF
Property subtype
Industrial - Warehouse/Distribution
Additional Details
Highway Access
Yes
Building Details
Building Size
54,140 SF
Year Built
1977
Year Renovated
2019
Listing Agency:
Signature Associates
Listed By:
Christopher Monsour
(248) 948-9000
Source:
Commercialcafe
Added: Aug 3
Changed: Oct 2
Last Checked: Oct 5 at 3:09PM
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 Signature Associates
Investment Insights
Based on property information with market context.
This 54,140-square-foot bowling and entertainment facility was built in 1977 and has undergone updates to both its interior and exterior. The property includes bowling, softball diamonds, racquetball, handball and wallyball courts, axe throwing, arcades, darts, billiards, cornhole, pins and skins, and short-court basketball. A full commercial kitchen and full bar support food and beverage operations.
Located at 40501 Production Dr in Harrison Township, Michigan, the property offers exposure to a main road and freeway, along with convenient freeway access. The site also includes newly paved parking. Industrial zoning and the existing mix of sports, recreation, kitchen, and bar improvements define the current commercial configuration.
Located at 40501 Production Dr in Harrison Township, Michigan, the property offers exposure to a main road and freeway, along with convenient freeway access. The site also includes newly paved parking. Industrial zoning and the existing mix of sports, recreation, kitchen, and bar improvements define the current commercial configuration.
Key Highlights
- 54,140‑square‑foot bowling and entertainment facility
- Interior and exterior renovations completed
- Bowling, softball diamonds, courts, axe throwing, arcades, darts, billiards, cornhole, pins and skins, and basketball
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$709,511
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,190,220
$14.2M
Cap Rate 7%
$10,135,871
$10.1M
Cap Rate 9%
$7,883,456
$7.9M
Market Conditions
NOI Build-Up for 54,140 SF
Gross rent
$1.07M $19.80/SF
− Vacancy
−$126.0K −$2.33/SF
EGI
$946.0K $17.47/SF
− OpEx
−$236.5K −$4.37/SF
NOI
$709.5K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,190,220
Cap Rate 7%
$10,135,871
Cap Rate 9%
$7,883,456
Alternative Uses
Best Use
Specialty Retail
$10.14M
$8.87M – $11.83M
NOI $709,511 @ 7.0% cap · market cap 8.92%
Second Best
Industrial
$4.17M
$3.65M – $4.87M
NOI $291,930 @ 7.0% cap · market cap 3.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 45%
McDonald's
Dining
13,943 visits/mo
0.2 miles
Exxon
Shops & Services
9,889 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
1,362 visits/mo
0.2 miles
BP
Shops & Services
876 visits/mo
0.3 miles
SUBWAY
Dining
757 visits/mo
0.2 miles
Demographics for 48045, MI
24,341
Population
12,401
Households
2
Avg Household Size
46
Median Age
26%
College-Educated
95%
High-School Grad
14.3 sq mi
ZIP Area
1,702
Density / Sq Mi
$77,808
Median Household Income
$48,889
Median Earnings
$1,085
Median Rent
$243,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bowling alley - Industrial-zoned entertainment property with a commercial kitchen, full bar, and multiple recreational facilities.
Where is this bowling alley located?
The property is located at 40501 Production Drive Harrison Township, MI.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 54,140‑square‑foot bowling and entertainment facility; Interior and exterior renovations completed; Bowling, softball diamonds, courts, axe throwing, arcades, darts, billiards, cornhole, pins and skins, and basketball
