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    Turn-Key Restaurant Opportunity Title is generated by Realmo AI

    3510 W Cadillac, Farwell, MI 48622

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    Claim this Listing
    For Sale
    $349,900

    Business - Farwell, MI

    Type:Business
    Property size:
    1,612 SF
    Lot size:
    0.97 Acres
    Price / SF:
    $217/SF
    Added:
    Apr 28, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 13 at 7:06 pm

    Property Features for 3510 W Cadillac

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    Commercial
    Parking features
    Off Street, Parking Lot
    Interior features
    Concrete Floor, Drive-In, Fixtures, Floor Drain, Restroom(s)
    Standard status
    Active
    APN
    014-016-200-06
    Size
    1,612 SF
    Lot size
    0.97 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4368

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Flooring type
    Concrete
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    TROY CONDELL

    Listing agent TROY CONDELL License #6501204982

    Listing office CONDELL WONDER LAND 3701 N CLARE AVE, Harrison, MI

    Listing date Apr 28, 2026

    MLS# 50205631 Listing URL

    Copyright © 2026 Clare Gladwin Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great Location near downtown
    • Fully renovated kitchen with stainless steel appliances
    • Spacious backyard perfect for entertaining
    • Hardwood floors throughout the home
    • Two‑car garage for parking and storage
    • Close proximity to parks and schools

    Overview

    This turn-key restaurant opportunity is located on busy M-115 just west of Farwell, right off the US-10 expressway exit. Known as Pit Stop Coney Island, this diner-style restaurant was built in 2001 and sits on nearly 1 acre in a high visibility, high traffic location between Farwell and Cadillac. The recently re-opened business has newer updated equipment & fixtures. The 1,612 square foot building features a 29x27 dining area with seating for over 50 guests, a 14x20 fully updated kitchen (2025), plus an 8x7 prep office and 8x7 storage room. There is also a 5x21 freezer and storage area with a 3-door refrigerator and 3-door freezer. A convenient drive-thru window includes an outdoor menu board. Outside, there is 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 property is well-lit with exterior building and parking lot lighting, and includes security cameras and an alarm system. Additional features include two outdoor accessible restrooms (10x7 and 6x9), plus an employee restroom inside, a new well installed in fall 2025, natural gas heat, central air unit, a makeup air unit, and a fire suppression system. The sale includes all fixtures and equipment as seen. The property is zoned commercial.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $24,893 @ 7.0% cap · market cap 7.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farwell
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9899036
    Latitude
    42.3729724

    Nearby Similar for Sale

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      Commercial/industrial property in Farwell, MI with office, garages, and more.
      2655 W Ludington, Farwell, MI 48622
      View Details
    • $160,000
      1,152 SF

      Turnkey Restaurant Business Opportunity

      Established restaurant with upgrades and loyal clientele for sale.
      1876 W Ludington Drive, Farwell, MI 48622
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant on M-115 near US-10 exit, Farwell, Michigan.
    Where is this conventional restaurant located?
    The property is located at 3510 W Cadillac 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: Great Location near downtown; Fully renovated kitchen with stainless steel appliances; Spacious backyard perfect for entertaining
    (989) 539-2771
    We can help!
    Listing Contact
    TROY CONDELL
    Real Estate License ID: 6501204982
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