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Improved Mixed-Use Land for Sale in Union Pier, Michigan

16409 Red Arrow Hwy, Union Pier, MI 49129

$940,000
2.5 acres
Active sale
ago
Est $5,389/mo

Step into a thoughtfully designed approx 6,847 square foot landmark building positioned in the vibrant heart of Union Pier, Michigan -- one of Southwest Michigan's most sought-after lakeside communities. This exceptional property features 6,847 square feet of spacious, flexible space suitable for a variety of uses. Complementing the interior is a beautiful outdoor area that opens up endless possibilities for expansion, entertainment, or experiential concepts throughout the year. The building is being sold in its current configuration, ideal for continued restaurant use or reimagined for a new concept. Sale includes the building and all affixed fixtures only. Artwork, all non-affixed equipment & liquor license are excluded from the sale. Adjacent building with approx 480 sq is included. Seller Leaseback Opportunity: The seller is willing to negotiate post-closing lease terms ranging from several months to 1-2 years. The seller is willing to negotiate post-closing lease terms ranging from several months to 1-2 years.The leaseback will be structured at a 9% cap rate on a NNN basis, providing a strong, predictable return with minimal landlord obligations. Union Pier attracts a sophisticated blend of seasonal tourists and discerning locals, creating consistent demand year-round. The upcoming residential cottage development on the adjacent property will further expand the built-in customer base, and the area's reputation as a premier lakeside destination ensures strong and sustained foot traffic. Whether you're an investor seeking a turnkey NNN leaseback or an owner-user planning your next venture, this property delivers a rare combination of location, flexibility, and immediate return potential.

6,847
Sq feet
3
Full baths
1900
Built

Location

Street address
16409 Red Arrow Hwy
School district
New Buffalo
Elevation
620 feet
Coordinates
41.8217, -86.6991

Directions

Directly off Red Arrow Highway

Property details

Acreage
2.51 acres
MLS #
MichRIC 26017394
Posted

Property taxes

2024
$10,570 - Per title commitment

Parcels

  • 11-13-0336-0066-04-0

Details and features

Listing

Type
Commercial Sale
Franchise
Realty Executives International

Structure

Heating
Forced Air
Cooling
Central Air
Materials
Stucco
Roof
Composition, Rubber

Interior

Rooms
Basement, Bathroom x 3

Listing history

DateEventPriceChangeSource
Apr 23, 2026New listing$940,000MichRIC
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This 2.51-acre property is located at 16409 Red Arrow Hwy in Union Pier, MI 49129. The property is available for sale for $940,000. It has a 6,847 sq ft structure built in 1900.

Checked 2 hours ago — Updated

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