2403 Sunnyside DrCadillac, MI 49601
- Commercial real estate
- 0.67 AC
Property Details for 2403 Sunnyside Dr
- Lot size
- 0.67 AC
- Property type
- Commercial real estate
- APN
- 10-104-00-003-00
- APU
- 101040000300
Description
This exceptional turnkey restaurant opportunity in Cadillac, Michigan, is situated on a 3-acre lot at 2403 Sunnyside Dr, boasting 5,136 square feet of interior space and a seasonal waterfront deck accommodating 60 patrons. The single-story, 1967-built building underwent renovations in 2000 and features 21 parking spaces. The property, identified by APN 10-104-00-003-00 & 004-00, is zoned for commercial restaurant/food use and enjoys a prime, high-traffic location with spectacular water views. Currently operating at 100% occupancy, this established business offers a diverse menu, extensive catering services, and holds licenses for food, liquor, beer, and wine. A well-established website and active social media presence further enhance its market reach. The business has demonstrated significant year-over-year revenue growth. This privately owned restaurant presents a lucrative opportunity for a new owner, with the current owners seeking retirement after nearly 40 years. The sale includes all existing equipment and infrastructure. The property's location in Cadillac, MI offers significant potential for continued success. The asking price is $799,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $6,137,672
- Hospitality
- $5,622,074
- Educational
- $4,677,500
- Medical
- $4,838,366
- Retail
- $7,276,110
Location Insight
- City
- Cadillac
- County
- Wexford
- State
- Michigan
- Latitude
- 44.2325
- Longitude
- -85.4507
- CBSA code
- 15620
- CBSA name
- CADILLAC, MI MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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