Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    501 Sunday Lk St Wakefield, MI 49968-1339

    • Retail space
    • 4,850 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US43-3583011
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Nanette's Knits and Gifts LLC / Craft Store / Gift Shop

    Property Details for 501 Sunday Lk St

    Year built
    1917
    Lot size
    0.15 lot acres
    Property size
    4,850 SF
    Property type
    Retail space
    APN
    53-00-101-200
    APU
    5300101200

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Gogebic
    State
    Michigan
    Longitude
    -89.9414
    Latitude
    46.4736

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,222
    $2,872
    $74,559
    $77,431
    -
    $5,744
    $149,118
    $154,862

    Comparable in this City

    • Value Estimation
      $65,000
      2,660 SF

      404 Sunday Lk St

      RETAIL STORES (PERSONAL SERVICES) • 2,660 SF
      404 Sunday Lk St, Wakefield, MI 49968-1338
      View Details
    • Value Estimation by Request
      1,680 SF

      408 Sunday Lk St

      DRUG STORE, PHARMACY • 1,680 SF
      408 Sunday Lk St, Wakefield, MI 49968-1338
      View Details
    • Value Estimation
      $390,000
      6,400 SF

      Us 2nd 2

      GROCERY, SUPERMARKET • 6,400 SF
      Us 2nd 2, Wakefield, MI 49968
      View Details
    • Value Estimation by Request
      1,992 SF

      505 Sunday Lk St

      RESTAURANT • 1,992 SF
      505 Sunday Lk St, Wakefield, MI 49968-1339
      View Details
    • Value Estimation by Request
      1,980 SF

      714 Sunday Lk St

      AUTO REPAIR, GARAGE • 1,980 SF
      714 Sunday Lk St, Wakefield, MI 49968-1344
      View Details
    • Value Estimation
      $385,000
      4,320 SF

      775 County Rd 519

      AUTO REPAIR, GARAGE • 4,320 SF
      775 County Rd 519, Wakefield, MI 49968
      View Details

    Similar Nearby for Sale

    • $229,500
      1,556 SF

      Turnkey Restaurant on US-2

      Wakefield eatery, high traffic location
      309 Us2, Wakefield, MI 49968
      View Details
    • $98,000
      1,200 SF

      Wakefield Industrial Property - Acre Lot

      Spacious industrial garage, lakefront potential.
      100 Commercial Ln, Wakefield, MI 49968
      View Details
    • $134,900
      12.28 Acres

      Bessemer Land on Chaney Lake

      12+ acre parcel with 367 feet of lake frontage.
      12ac Off Lakeshore Dr, Bessemer, MI 49968
      View Details
    • New
      $47,900
      1.00 Acre

      Wakefield Acre with Outbuildings

      One-acre lot near town with multiple outbuildings and utilities.
      120 Johnson Rd, Wakefield, MI 49968
      View Details
    • Contact for pricing
      0.54 Acres

      Wakefield Vacant Land Near Amenities

      Nearly 1/2 acre lot in Wakefield, close to amenities.
      Tbd Plymouth, Wakefield, MI 49968
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Sunday Lk St
    Wakefield, MI 49968-1339
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.