Turn-Key Restaurant with
3510 W Cadillac Drive Farwell, MI 48622
For Sale
Contact for pricing
Diner-style restaurant built in 2001 with a drive-thru window, updated kitchen, and outdoor seating.
Property Size1,612 SF
Lot Size1.00 Acre
Price / SF$217.06
Days on Market84
Property Features for 3510 W Cadillac Drive
General Information
- Standard status
- Active
- Size
- 1,612 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail, Business for Sale
Building Details
- Year Built
- 2001
Listing Agency:
Condell Wonder Land Realty
(989) 539-2771
Listed By:
Troy Condell · License #6504204982
Source:
Crexi
Added: May 1
Changed: Jul 23
Last Checked: Jul 23 at 2:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Condell Wonder Land Realty
Investment Insights
Based on property information with market context.
Turn-key restaurant opportunity known as Pit Stop Coney Island. The diner-style building was constructed in 2001 and includes a 29x27 dining area with seating for over 50 guests, a fully updated 14x20 kitchen (2025), an 8x7 prep office, and an 8x7 storage room. Additional support space includes a 5x21 freezer and storage area with a 3-door refrigerator and 3-door freezer. Operational amenities include a drive-thru window with an outdoor menu board, exterior lighting, security cameras, and an alarm system, along with two outdoor accessible restrooms (10x7 and 6x9) and an employee restroom inside.
The property is positioned on nearly one acre in a high-visibility, high-traffic area between Farwell and Cadillac, right off the US-10 expressway exit on M-115 west of Farwell. Exterior features include a large lighted street sign, four picnic tables for outdoor seating, and a spacious 25+ car, recently coated blacktop circle driveway with room for trailer and RV parking.
The sale includes all fixtures and equipment as seen. Heating is provided via natural gas, with a furnace located in the ceiling, central air unit, a makeup air unit, and a fire suppression system. A new well was installed in fall 2025; inventory is to be negotiated separately.
The property is positioned on nearly one acre in a high-visibility, high-traffic area between Farwell and Cadillac, right off the US-10 expressway exit on M-115 west of Farwell. Exterior features include a large lighted street sign, four picnic tables for outdoor seating, and a spacious 25+ car, recently coated blacktop circle driveway with room for trailer and RV parking.
The sale includes all fixtures and equipment as seen. Heating is provided via natural gas, with a furnace located in the ceiling, central air unit, a makeup air unit, and a fire suppression system. A new well was installed in fall 2025; inventory is to be negotiated separately.
Key Highlights
- Diner‑style restaurant built in 2001 with 1,612 SF building and 29x27 dining area seating for 50+ guests
- Fully updated 14x20 kitchen (2025) plus 8x7 prep office and 8x7 storage room
- Drive‑thru window with outdoor menu board, 3‑door refrigerator and 3‑door freezer, plus 5x21 freezer and storage area
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $18.60 |
| − Vacancy | −$1.6k | −$1.00 |
| EGI | $28.4k | $17.60 |
| − OpEx | −$7.1k | −$4.40 |
| NOI | $21.3k | $13.20 |
1,612 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$303.9K
$265.9K – $354.6K
NOI $21,273 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.6K
$311.2K – $414.9K
NOI $24,893 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Diner-style restaurant built in 2001 with a drive-thru window, updated kitchen, and outdoor seating.
Where is this conventional restaurant located?
The property is located at 3510 W Cadillac Drive Farwell, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Diner‑style restaurant built in 2001 with 1,612 SF building and 29x27 dining area seating for 50+ guests; Fully updated 14x20 kitchen (2025) plus 8x7 prep office and 8x7 storage room; Drive‑thru window with outdoor menu board, 3‑door refrigerator and 3‑door freezer, plus 5x21 freezer and storage area
