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Financial
Distress signals
Property profile

16409 Red Arrow Hwy Union Pier, MI 49129

FOR SALE
Turn key restaurants
Property ID
US43-4240814
6,847 SF 2.51 ac lot
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a landmark restaurant built for foodservice operations, with approximately 6,847 square feet of indoor operating space. The interior includes a main dining area and a dedicated bar area, with additional seating configured to support private-party use and flexible layout adjustments for different dining occasions. It also includes an outdoor seating area that extends guest accommodations beyond the interior. The restaurant is located in Union Pier within New Buffalo Township and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$351k
Effective rate2.87%

Value estimate

· Oct 2026
$390k
$351k – $429k
Submarket $/SF estimate$924k
NOI build-up
Gross scheduled income$106k
Vacancy & credit loss−$4k
Operating expenses−$25k
NOI · 8.70% cap applied$76k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$147/SF
County average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$83 – $230

Cap rate analysis

How does the asset earn?
8.70%
$76k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.3
Auto Repair Shop8.9
Storage Facility8.5

Location

16409 Red Arrow Hwy Union Pier, MI 49129
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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