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    Property profile & analytics

    505 Sunday Lk St Wakefield, MI 49968-1339

    • Turn key restaurants
    • 1,992 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-3317523
    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

    • Roger Randall Bakery / Bakery

    Property Details for 505 Sunday Lk St

    Year built
    1880
    Lot size
    0.26 lot acres
    Property size
    1,992 SF
    Property type
    Turn key restaurants
    APN
    53-00-100-800
    APU
    5300100800

    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
    -89.9415
    Latitude
    46.4733

    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
    $992
    $1,875
    $16,173
    $18,048
    -
    $3,750
    $32,346
    $36,096

    Comparable in this City

    • Value Estimation
      $375,000
      3,120 SF

      401 Sunday Lk St

      BAR, TAVERN • 3,120 SF
      401 Sunday Lk St, Wakefield, MI 49968-1308
      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
    • 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
      1,200 SF

      100 Commercial Ln

      AUTO REPAIR, GARAGE • 1,200 SF
      100 Commercial Ln, Wakefield, MI 49968-9701
      View Details
    • Value Estimation
      $675,000
      9,275 SF

      Us Hwy 2nd 2

      WHOLESALE OUTLET, DISCOUNT STORE • 9,275 SF
      Us Hwy 2nd 2, 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
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    Wakefield, MI 49968-1339
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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
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