Office Property with Pole
For Sale
$250,000
8777 Red Arrow Highway, Watervliet, MI 49098
Commercial Sale, Watervliet, MI
Property Size1,200 SF
Lot Size1.31 Acres
Price / SF$208.33
Days on Market95
Property Features for 8777 Red Arrow Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
Broadband
Elementary school district
Watervliet
Middle school district
Watervliet
High school district
Watervliet
Directions
Red Arrow Hwy east of downtown Watervliet across from High School and Corewell Watervliet Hospital
Standard status
Active
APN
11-21-0023-0012-03-0
Size
1,200 SF
Lot size
1.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
lengthy. On file. Approx 1.3 acres
Legal Description
lengthy. On file. Approx 1.3 acres
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Building materials
Metal Siding
Listing Agency:
American Homes Real Estate
(269) 468-4663
Listed By:
Mikki Swisher · License #6502372652
(269) 208-0133
Added: Jul 14
Changed: Oct 8
Last Checked: Oct 16 at 8:06AM
MLS# 26035909
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.
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Investment Insights
Based on property information with market context.
This commercial office property includes a 1.31-acre site with two maintained buildings and a large paved parking area. The primary building, constructed in 2001, contains approximately 1,200 square feet with 10-foot ceilings, two bathrooms, office space, a kitchen area, gas heat, and central air. It is currently used as a VFW Hall and accommodates approximately 100 people for events, meetings, and parties.
A 24-by-28-foot pole barn was added in 2019 and features a concrete floor, overhead door, and 12-foot ceiling. The property is located at 8777 Red Arrow Highway in Watervliet, less than one mile from Interstate 94 access. The site is commercially zoned and served by a well and septic tank, with cable available and broadband listed among the interior features.
A 24-by-28-foot pole barn was added in 2019 and features a concrete floor, overhead door, and 12-foot ceiling. The property is located at 8777 Red Arrow Highway in Watervliet, less than one mile from Interstate 94 access. The site is commercially zoned and served by a well and septic tank, with cable available and broadband listed among the interior features.
Key Highlights
- 1.31‑acre commercially zoned property at 8777 Red Arrow Highway
- Primary building contains approximately 1,200 square feet with 10‑foot ceilings
- 2001 building includes two bathrooms, office space, kitchen area, gas heat, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,220
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,400
$264.4K
Cap Rate 7%
$188,857
$188.9K
Cap Rate 9%
$146,889
$146.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.4K $17.04/SF
− Vacancy
−$2.8K −$2.35/SF
EGI
$17.6K $14.69/SF
− OpEx
−$4.4K −$3.67/SF
NOI
$13.2K $11.02/SF
Area
Berrien County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,400
Cap Rate 7%
$188,857
Cap Rate 9%
$146,889
Alternative Uses
Best Use
Office B
$188.9K
$165.3K – $220.3K
NOI $13,220 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.5K
$221.0K – $294.6K
NOI $17,676 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 49098, MI
5,739
Population
3,032
Households
1.9
Avg Household Size
44
Median Age
21%
College-Educated
88%
High-School Grad
32.6 sq mi
ZIP Area
176
Density / Sq Mi
$56,899
Median Household Income
$30,278
Median Earnings
$1,253
Median Rent
$150,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned site with two maintained buildings, paved parking, event space, kitchen, offices, and central air.
Where is this office building located?
The property is located at 8777 Red Arrow Highway Watervliet, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1.31‑acre commercially zoned property at 8777 Red Arrow Highway; Primary building contains approximately 1,200 square feet with 10‑foot ceilings; 2001 building includes two bathrooms, office space, kitchen area, gas heat, and central air
