8777 Red Arrow Highway Watervliet, MI 49098
COMMERCIAL - Watervliet, MI
Property Features for 8777 Red Arrow Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- 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
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 agent Mikki Swisher License #6502372652 (269) 208-0133
Listing office American Homes Real Estate 142 Badt Dr., Coloma, MI (269) 468-4663
Listing date Jul 14, 2026
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.
The property is located in Watervliet, MI at 8777 Red Arrow Highway. Public remarks indicate it is less than a mile from Interstate 94 access and positioned on a well-traveled Class A road with high visibility.
The combination of office/hall space, additional covered storage/utility space in the pole barn, and expansive paved parking supports a range of commercial uses where indoor gathering and flexible space are important.
Key Highlights
- 1.3‑acre commercial parcel with high‑visibility on well‑traveled Red Arrow Highway
- Main building built in 2001: approx. 1,200 SF with 10' ceiling height, office space, and kitchen area
- Main building has 2 bathrooms, gas heat, and central air
Local Financial Insights For Office B
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 | $20.4k | $17.04 |
| − Vacancy | −$2.8k | −$2.35 |
| EGI | $17.6k | $14.69 |
| − OpEx | −$4.4k | −$3.67 |
| NOI | $13.2k | $11.02 |
