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    309 Us2 Wakefield, MI 49968

    Sponsored
    For Sale
    $229,500

    Wakefield eatery, high traffic location

    Property size:
    1,556 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1,556 square foot commercial property, situated on a 1.03-acre lot in Wakefield, Michigan, presents a unique investment opportunity. Boasting 300 feet of frontage on the heavily trafficked US-2 highway, this location benefits from high visibility and easy access for customers. The property includes a substantial parking area, ideal for accommodating a large volume of patrons, and is conveniently located near the popular Porcupine Mountains State Park, attracting significant tourist traffic. The building itself is a turnkey restaurant, fully equipped with custom-made Sawdust Bin bar and table seating, ample storage space, and a range of commercial-grade appliances, including a walk-in cooler and a newer water heater. Recent upgrades include new flooring, lighting, and restrooms, enhancing both the aesthetic appeal and functionality of the space. The sale also includes new dishes, silverware, a Cake POS system, and a new Motak fryer. An ATV trail runs alongside the property, adding to its unique appeal and potential for attracting a diverse clientele. This property is perfect for an established restaurant looking to relocate or an entrepreneur seeking to launch a new venture in a prime location. The existing infrastructure and recent improvements minimize start-up costs and allow for immediate operation. The high traffic location and proximity to a major tourist attraction ensure a strong potential for profitability.

    Property Features for 309 Us2

    General Information

    Property type
    Industrial properties
    Square Feet
    1,556 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built
    1949
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    Wakefield
    County
    Gogebic
    State
    Michigan
    Longitude
    -89.94368
    Latitude
    46.47692

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    FAQs

    What type of property is this?
    Industrial property - Wakefield eatery, high traffic location
    Where is this industrial property located?
    The property is located at 309 Us2 Wakefield, MI.
    What is the asking price?
    The asking price for this property is $229,500.
    (906) 932-5406
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    309 Us2 Wakefield, MI 49968
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    309 Us2 Wakefield, MI 49968
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