Financial
Distress signals
Property profile

4661 Red Arrow Hwy Stevensville, MI 49127

FOR LEASE
Drive through restaurants
Property ID
US43-3388602
3,857 SF 1.55 ac lot Built 1981
Last sale Aug 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a former quick-service restaurant totaling approximately 3,857 square feet, configured with a drive-through and situated on an approximately 1.55-acre lot. It is located along the Red Arrow Highway corridor in Stevensville, Michigan, in an area characterized by retail uses and access supported by vehicular traffic. The site includes a 20-year food use restriction, and it is subject to a long-term lease structure that can extend up to approximately 120 months.

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.

Mortgages

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?
$22k
Tax billed · 2023
Assessed value · 2024$510k
Effective rate4.33%

Value estimate

· Sep 2026
$885k
$797k – $974k
Submarket $/SF estimate$886k
NOI build-up
Gross scheduled income$70k
Vacancy & credit loss−$3k
Operating expenses−$20k
NOI · 189,100.00% cap applied$47k

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?
189,100.00%
$47k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
HC
JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply19.2
Dental Office17.4
Restaurant16.0

Location

4661 Red Arrow Hwy Stevensville, MI 49127
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

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

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Marquette Woods, Stevensville, MI 49127 $2,030,000 Oct 2024 4,566 SF
4107 Red Arrow, Stevensville, MI 49127-9392 $1,600,000 Apr 2024 4,700 SF
4609 Red Arrow, Stevensville, MI 49127-9301 $510,000 Jul 2022 3,160 SF
4604 Red Arrow, Stevensville, MI 49127-8306 $482,022 Oct 2018 3,281 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
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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