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

Studio Baths0.0 Sq 1,556

Monthly Estimate*

^$ 1,603

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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!

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

Street Name US2

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 15

Postal Code 49968

Price Per Sq Ft 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

Exterior

Frontage 300

Lot Size Area 1.03

Lot Dimensions 300x150

Water Features None

Roads U.S. Highway

Waterfront Y/N No

Interior

Ceiling Height Less than 16 Ft.

* Excluded Features

List By

MARK BELMAS

Listing Agent

The Real Estate Store

Broker

m_belmas@hotmail.com

Affordability Calculator

$1,909

Per Month

Monthly Principal & Interest: $1,603
Monthly Property Taxes: $306
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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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Nearby

Trends
Schools

Commerical listings in Wakefield, MI

Average List Price ^$229,500

Percent of Sale Price 0%

About Wakefield, MI

1,865 Population

-12% Since 2002

^$37,598 Median Income

49.83 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2024	$229,500		Listed Price

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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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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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309 E US2 Highway

Commercial Property for sale in Wakefield, MI

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