$390,000 38656 W Red Arrow Highway Paw Paw, MI

MLS: 19044178   Type: Commercial   County: Van Buren   City: Paw Paw   Area: Paw Paw Vllg   Neighborhood: Paw Paw Vllg   Zip: 49079   Style: Business Opportunity     Taxes: $9,547

Mortgage $1,831 /mo



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Rainbow Lanes business and real estate for sale! This 15,500 SF bowling center has been serving the community since 1960 and is the only one of its kind located in the area. This is great opportunity for an individual with new ideas to come in, update the center, and add other income drivers such as mini golf, arcade and even live entertainment to the center. Brand new Brunswick lanes were installed in 2012. Located directly across the street from Coca-Cola/Minute Maid, this parcel could also be a prime redevelopment parcel totaling 7.2 acres of land with 350 feet of road frontage on Red Arrow Highway. Aggressive pricing and motivated seller. Sale included business, real estate, and rare Class C Resort Liquor License. Liquor license not available by itself.

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Price History

9/10/2019 Listed $400,000
9/4/2020 3% - $390,000

Business Includes Equipment, Furniture, Inventory, Licenses, Real Estate
Current Bldg Use Bowling Alley
Heating Forced Air
Homestead % 0.00
Municipality Paw Paw Vllg
New Construction No
Road Frontage 350.00
Roof Metal
School District Paw Paw
Sewer Septic System
Sub-area K88 - Village of Paw Paw
Uses Bar/Tavern/Lounge, Recreation
Water Well
Zoning GC

Interior Features

Air Conditioning Central
Heat Source Natural Gas

Exterior Features

Construction Type Pole/Wood
Driveway Paved
Total # Bldgs 1.00

Property Schools

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Property vs Zip Code Avg (49079)

Price 390K Avg 224K

Sqr Feet 15,500 Avg 4,438

Cost / Sqr Ft $25 Avg $51

Taxes $9,547 Avg $4,687

Acres 7.2 Avg 2.39

Visits 88 Avg 49

Days on Site 615 Avg 490

Walkscore® 15 Avg 30

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: TJ Ward at Kalamazoo Commercial Real Estate - (269) 888-2755

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New Buffalo, MI