2403 Sunnyside DrCadillac, MI 49601

  • Commercial real estate
  • 0.67 AC
For Sale
$799,000 View listing

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
2403 Sunnyside Dr, Cadillac, Michigan

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

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
$8,549
-
-
$213,000
-
-
-
$426,000

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