4661 Red Arrow Hwy Stevensville, MI 49127
For Lease
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This exceptional 3,857 square foot industrial property, formerly a McDonald's restaurant, presents a unique investment opportunity in the thriving Red Arrow Highway corridor of Stevensville, Michigan. Situated on a generous 1.55-acre lot, the property boasts a pre-existing drive-thru, a highly desirable feature for a variety of potential uses. The strategic location within Stevensville offers significant retail and economic potential, benefiting from substantial vehicular traffic. Stevensville's commitment to economic growth is evident in its recent achievement of the Redevelopment Ready Community (RRC) designation from the Michigan Economic Development Corporation (MEDC) in 2023. This designation underscores the village's proactive approach to fostering a business-friendly environment and streamlining the development process. The property's size and location make it ideal for a range of commercial ventures, capitalizing on the high visibility and accessibility of the Red Arrow Highway. The existing infrastructure, including the drive-thru, provides a solid foundation for a quick and efficient redevelopment. This is a rare opportunity to acquire a well-positioned property in a community actively promoting economic growth. The property is priced at $800,000.
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McDonald's Restaurant Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Stevensville, MICosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.