309 E US2 Highway Wakefield, MI $ 229,500
309 E US2 Highway
$ 229,500
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309 E US2 Highway

Wakefield, MI, 49968
$ 229,500
Baths0.0 Sq 1,556

Monthly Estimate*

$ 1,525

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Studio

Commercial Property for sale in Wakefield, MI

for $229,500. This 1,556 square foot building was built in 1949 on a lot size of 1.03.

Here's your opportunity at a turnkey restaurant or choose to start from scratch on a 6 commercial lot peninsula! Outside, you'll find 300ft of frontage on busy US-2, an atv trail, and a massive parking lot for those tourists visiting the Porcupine Mountain state park. Inside, there is ample table and bar seating custom made from Sawdust Bin, plenty of storage, and many commercial grade appliances including a walk-in cooler. Owner made many updates to the flooring, lighting, and restrooms. There are new dishes and silverware, new Cake POS, new Motak fryer, and a newer water heater. Drive by and imagine the possibilities!

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Commercial Active

Price

$ 229,500

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,674

Style

Commercial/Industrial

Lot Size

1.03

Year Built

1949

Town/City

Wakefield

County/Region

Gogebic

MLS | Web ID

50140436

Features
General
Cooling Wall/Window A/C
Water Public Water
Status Active Active
Year Built 1949
Parking 21+ Spaces Parking Lot
County Gogebic
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Name 906 Cafe LLC
Percent Ownership LLC
Municipality Wakefield
Zoning Commercial
Subdivision MI
Commercial Features 220 Volt Power
Area Wakefield (27011)
Primary City Wakefield
Directions From The Real Estate Store office head East towards Wakefield for 10.5 miles. Property will be on the left/North side of US-2.
City Wakefield
Financial Terms Cash Commercial Loan Conventional
Legal Description SEC. 16 T47N R45W MAP NO. Q1 KOWALESKI ADDITION; ASSESSOR'S PLAT NO. 11; LOTS 1 2 3 4 5 & 6; EXCEPT SOUTH 30 FT OF EACH LOT FOR HWY US-2 R/W. 340/309 374/271 402/888 430/902 507/141 616/959
DOM 49
Postal Code 49968
Price Per Sq Ft Total AG 147.49
Coming Soon Here's your opportunity at a turnkey restaurant or choose to start from scratch on a 6 commercial lot peninsula! Outside you'll find 300ft of frontage on busy US-2 an atv trail
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Exterior
Frontage 300
Lot Size Area 1.03
Lot Dimensions 300x150
Water Features None
Roads U.S. Highway
Waterfront Y/N No
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Interior
Ceiling Height Less than 16 Ft.
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* Excluded Features
List By
MARK BELMAS

Listing Agent

The Real Estate Store

Broker

m_belmas@hotmail.com

Email

Affordability Calculator

$1,831
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,525
Monthly Property Taxes
$306
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2024$229,500 Listed Price

Map


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309 E US2 Highway, Wakefield, MI, 49968 is a Commercial Property for sale at $229,500 with 1,556 sqft and a lot size of 1.03. 309 E US2 Highway is a studio with 0.0 baths and was built in 1949. The property's zip code is 49968 which is in Wakefield, MI