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Home9729 Red Arrow Highway, Bridgman, MI 49106...
$3,949,000
9729 Red Arrow Highway
Bridgman, MI 49106
MLS# 24023009
24045 sqft
9729 Red Arrow Highway, Bridgman, MI 49106
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Property Description
First time on the market! THE MONOGRAM mixed use development is located in the heart of Bridgman, Michigan with walking distance to Lake Michigan/Weko Beach, unique shops, eateries, microbreweries, wineries, and more. Features 11 residential loft units operated as 7 guest rooms and 4 upscale suites. Also includes 8 retail units on the ground floor with solid long term leases in place. Original building constructed in the 1930's with current owner completing a substantial renovation in 2019. Each of the newly renovated guest rooms and suites are unique, spacious and beautifully appointed. Gross building area is 24,045 SF with 8,800 SF NRA residential loft use and 10,913 SF NRA commercial use. Located on central corridor w/ 180 feet of road frontage on Red Arrow Hwy and 230 on Lake Street

Details
Maps
Location & Property Info
County: Berrien
Street #: 9729
Street Name: Red Arrow
Suffix: Highway
State: MI
Zip Code: 49106
Cross Streets: Lake and Baldwin
Property Sub-Type: Retail/Commercial
Area: Southwestern Michigan - S
Municipality: Bridgman City
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Status: Active
Current Price: $3,949,000
List Price: $3,949,000
Auction or For Sale: For Sale
List Price/SqFt: 164.23
Prop Avail for Lease?: No
Sub Agency: 1
Sub Agency Type: %
Buyer Agency: 2
Buyer Agency Type: %
Trans Coord: 1
Trans Coord Type: %
Listing Date: 2024-05-10
Current Bldg Use: retail on main floor - residential up
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 1.2
Lot Square Footage: 52272
Lot Dimensions: 180 x 230 x 165 x 325
Year Built: 1930
Road Frontage: 410
Mineral Rights: Unknown
Year Remodeled: 2019
Total # Units: 19
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: 19
Total # Bldgs: 3
Total SqFt: 24045
Total Net SqFt: 19715
Full Baths: 29
Waterfront: No
School District: Bridgman
Tax Info
Tax ID #: 11-56-0019-0117-02-0
Taxable Value: 558100
SEV: 558100
For Tax Year: 2023
Annual Property Tax: 16150
Tax Year: 2023
Spec Assessment & Type: none
Non-Conforming Use: No
Zoning: comm gateway
Remarks & Misc
Legal: long metes and bounds for two parcels
Directions: From EXIT 16 off I-94, head north to corner of Lake and Red Arrow. Buildings are on East side of road
Additional Details
Total Parking Spaces: 45
Passenger Elevators: 1
SqFt Information
Rentable Other SqFt: 8800
Rentable Retail SqFt: 10913
Total Bldg SqFt (Gro: 24045
Waterfront Options
Water Access Y/N: No
Unit 1
Unit Description: Restaurant
SqFt: 2317
Occupied: Yes
# HVAC: 1
# Baths: 2
Unit 2
Unit Description: Apartment/Commercial
SqFt: 10928
Unit 3
Unit Description: Apartment/Commercial
SqFt: 10800
Property Features
Water Fea. Amenities: Public Access 1 Mile or Less
Uses: Professional Service; Professional/Office; Restaurant; Retail
Ownership: LLC
Business Includes: Furniture; Real Estate; Other
Construction Type: Block; Concrete
Exterior Material: Block; Brick; Wood Siding
Roofing: Rubber
Foundation: Slab
Below Grade: None
Additional Features: Fenced Storage; Security System
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Broadband
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Other
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Unit 1: Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Water

Listing Office: Wright Properties

Listing Agent: Kerry Wright

Last Updated: May - 10 - 2024

9729 Red Arrow Highway, Bridgman, MI 49106 - MLS# 24023009
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