Sports and Entertainment Center For
For Sale
$5,950,000
40501 Production Drive, Harrison Township, MI 48045
Remodeled sports and entertainment center with full bar and kitchen.
Property Size54,140 SF
Price / SF$109.90
Days on Market377
Property Features for 40501 Production Drive
General Information
Standard status
Active
Size
54,140 SF
Property subtype
Industrial
Building Details
Building Size
54,140 SF
Year Built
1977
Listed By:
Chris Monsour
(313) 363-1010
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Sep 29
Last Checked: Oct 5 at 3:40PM
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 Chris Monsour
Investment Insights
Based on property information with market context.
This property presents a redevelopment opportunity, featuring a newly remodeled interior and exterior, along with new paved parking. It benefits from main road and freeway exposure, providing easy access to the freeway. Currently operating as a sports and entertainment center, the facility includes bowling lanes, softball diamonds, racquetball, handball, and wallyball courts, axe throwing areas, arcades, darts and billiards, cornhole, pins & skins, and a short court basketball area. The property also features a full commercial kitchen and a full bar with crafts and drafts. The property size is 54140 square feet.
Key Highlights
- Newly remodeled interior and exterior offering a fresh, modern appeal.
- Main road and freeway exposure provides exceptional visibility.
- Full commercial kitchen and full bar with crafts/drafts, perfect for attracting patrons.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$400,203
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,004,060
$8.0M
Cap Rate 7%
$5,717,186
$5.7M
Cap Rate 9%
$4,446,700
$4.4M
Market Conditions
NOI Build-Up for 54,140 SF
Gross rent
$649.7K $12.00/SF
− Vacancy
−$78.0K −$1.44/SF
EGI
$571.7K $10.56/SF
− OpEx
−$171.5K −$3.17/SF
NOI
$400.2K $7.39/SF
Area
Macomb County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,004,060
Cap Rate 7%
$5,717,186
Cap Rate 9%
$4,446,700
Alternative Uses
Best Use
Specialty Retail
$10.14M
$8.87M – $11.83M
NOI $709,511 @ 7.0% cap · market cap 11.92%
Second Best
Retail
$5.72M
$5.00M – $6.67M
NOI $400,203 @ 7.0% cap · market cap 6.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Sports & entertainment property - Remodeled sports and entertainment center with full bar and kitchen.
Where is this sports & entertainment property located?
The property is located at 40501 Production Drive Harrison Township, MI.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Newly remodeled interior and exterior offering a fresh, modern appeal.; Main road and freeway exposure provides exceptional visibility.; Full commercial kitchen and full bar with crafts/drafts, perfect for attracting patrons.
