Wakefield, MI Commercial Real Estate for Sale

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Commercial Land with Utilities
Updated: Aug 3
Commercial Land with Utilities

Sunday Lake Street, Wakefield, MI 49968

$35,000
0.24 AC lot
Two vacant commercial lots totaling 0.24 acres
Each lot measures 50' x 105'
Currently zoned commercial
City of Wakefield utilities available
Public water source
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Automotive Repair Shop Building
Updated: Sep 18, 2025
Automotive Repair Shop Building

714 Sunday Lake Street, Wakefield, MI 49968

$115,000
1,800 sqft 1.50 AC lot
Former mechanic shop setup with 2 bays and 10‑ft doors
Includes office space with a bathroom off the office and a storage room on the south side of the building
Newer roof plus rebuilt furnace and newer hot water heater
Updated electrical in bay 2
1.5‑acre flat lot with lots of parking on a high‑traffic road
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Turn-Key Coffeehouse and Restaurant
Turn-Key Coffeehouse and Restaurant

1010 US HWY 2 E, Wakefield, MI 49968

Contact for pricing
4,000 sqft

Lower-level coffeehouse and retail operation comes equipped, with an immaculate 3-bedroom, 1-bath residence above.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in Wakefield, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Industrial Warehouse and Shop
Industrial Warehouse and Shop

605 E Lead Street, Bessemer, MI 49911

$475,000
9,700 sqft 3.66 AC lot

Insulated, heated commercial facility with bulk fuel storage, truck-service capacity, and an office repair area.

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Industrial Property with Bulk Plant
Industrial Property with Bulk Plant

605 E Lead Street, Bessemer, MI 49911

$850,000
9,700 sqft 3.60 AC lot

Fuel distribution facility with warehouse, repair shop, office space, and service-station separation potential.

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Modern Industrial Facility on Acreage
Modern Industrial Facility on Acreage

1760 Liberty St, Ironwood, MI 49938

Contact for pricing
19,304 sqft 7.00 AC lot

Move-in-ready industrial facility with acreage and US-2 access.

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Bar and Pub with Patio
Bar and Pub with Patio

N11582 Black River Road, Ironwood, MI 49938

$204,900
1,952 sqft 1.95 AC lot

Operating hospitality property with a substantial bar area, dining space, outdoor patio, and wheelchair-accessible entry.

View details

Off-Market Properties in Wakefield, MI

Consider similar Off-Market properties in Wakefield, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

402 Sunday Lk St
COMMERCIAL (GENERAL)

402 Sunday Lk St, Wakefield, MI 49968-1338

$75,000
Estimated value
0.08 AC lot
View details
500 Lk Shr Dr
VACANT COMMERCIAL LAND

500 Lk Shr Dr, Wakefield, MI 49968

$185,000
Estimated value
3.30 AC lot
View details
Us 2nd 2
GROCERY, SUPERMARKET

Us 2nd 2, Wakefield, MI 49968

$285,000
Estimated value
6,400 sqft 0.76 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

$245,000
Estimated value
0.28 AC lot
View details
Hwy Us 2
VACANT COMMERCIAL LAND

Hwy Us 2, Wakefield, MI 49968

$230,000
Estimated value
23.24 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

$85,000
Estimated value
0.11 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

Value Estimation by Request
0.87 AC lot
View details
606 Putnam St
COMMERCIAL (GENERAL)

606 Putnam St, Wakefield, MI 49968-1024

$85,000
Estimated value
0.13 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

$250,000
Estimated value
0.17 AC lot
View details
701 State Hwy M28
COMMERCIAL (GENERAL)

701 State Hwy M28, Wakefield, MI 49968

$60,000
Estimated value
0.24 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

$60,000
Estimated value
0.70 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

$60,000
Estimated value
2.54 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

$60,000
Estimated value
0.79 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

$60,000
Estimated value
1.01 AC lot
View details
Wakefield, MI 49968
VACANT COMMERCIAL LAND

Wakefield, MI 49968

$55,000
Estimated value
0.26 AC lot
View details
401 Sunday Lk St
BAR, TAVERN

401 Sunday Lk St, Wakefield, MI 49968-1308

$295,000
Estimated value
3,120 sqft 0.11 AC lot
View details
405 Sunday Lk St
OFFICE BUILDING

405 Sunday Lk St, Wakefield, MI 49968-1337

$255,000
Estimated value
3,542 sqft 0.34 AC lot
View details
12 Putnam St
VACANT COMMERCIAL LAND

12 Putnam St, Wakefield, MI 49968

$250,000
Estimated value
0.19 AC lot
View details
516 Sunday Lk St
COMMERCIAL (GENERAL)

516 Sunday Lk St, Wakefield, MI 49968-1340

$60,000
Estimated value
0.17 AC lot
View details
31591 Castile Rd
VACANT COMMERCIAL LAND

31591 Castile Rd, Wakefield, MI 49968

$75,000
Estimated value
0.83 AC lot
View details
30591 Castile Rd
COMMERCIAL (GENERAL)

30591 Castile Rd, Wakefield, MI 49968-1608

$55,000
Estimated value
0.56 AC lot
View details

Wakefield, MI Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Wakefield, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 5,800 square feet of properties for sale, with an estimated market value of $150,000.

Sale prices for business properties in Wakefield, MI start at $35,000, averaging $75,000, and reaching up to $115,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,305
Population Growth (5Y) +19.5%
Median Household Income $51,607
College Educated 23.3%

High-Yield Neighborhoods for Investment

Identify Wakefield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
49968 $115K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Gogebic County

New Delisted

Total CRE Inventory on Market (SF)

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