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Property profile & analytics
FOR LEASE
Drive through restaurants

4661 Red Arrow Hwy Stevensville, MI 49127

3,857 SF 1.55 ac lot Built 1981
Entity Owned 1-yr Hold Free & Clear
Property ID
US43-3388602
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1981
Total area 3,857 SF
Lot 1.55 ac (67,518 SF)
Zoning code HC
APN 12-0015-0024-09-7
UPID US43-3388602
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • McDonald's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$886k
Blend (final) Blend
$885k
Owner & transaction history
4661 Red Arrow Hwy LLC · 1 yrs held
4661 Red Arrow Hwy LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
HC · Stevensville, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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