19327 Caberfae Highway Wellston, MI 49689

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$775,000

Market Estimate

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2,968 sq. ft.
2.50 Acres
Commercial
MLS# 70327900

19327 Caberfae Highway, Wellston, MI 49689

Listing provided courtesy of: City2Shore Port City Associates - kellen.keck@city2shore.com

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Property Details

Description

NEW PRICE....Investors welcome, add this restaurant to your portfolio. This property is situated near multiple trailheads and on M55 connecting Manistee and Cadillac, is the Red Neck Yacht Club. Built in 2019, this turn-key restaurant/bar will surely impress. No expenses were spared with the construction of this building. Property features LED lighting inside and out, integrated grease separator into the oversized septic system, a 32 KW back-up generator, 5'' type 2 commercial well, state of the art kitchen equipment includes, Peerless Pizza oven, 2 chicken broasters, Manitowoc 600 Ice maker and more, a 12 camera security system, too many things to mention, 550 Resort liquor license and inventory to be sold separately. Call for a private showing, serious inquiries only please.

General Features
- Acreage 2.5
- Area Municipality Norman Twp (51010)
- County Manistee
- Originating MLS Mason Oceana Manistee Board of REALTORS
- Total SqFt Finished 2968
- Waterfront Y/N No
- Year Built 2019
Building Features
- Exterior Construction Concrete, Frame, Vinyl Siding, Wood
- Heating System Forced Air
- FUEL TYPE LP/Propane Gas
- Roofing Composite
Property Features
- Lot Size 300 x 365
- Roads City/County, Paved Street
- Sewer Septic Septic

Neighborhood

49689 (Wellston) Demographics

48 Median Age

19 Population Density (per sq. mile)

30% College Educated

$59,091 Estimated Median Income

602 Estimated Total Home Owners

34 Estimated Total Renters

95% / 5% Estimated Owner / Renter Divide

2 Estimated Average Household Size

1,550 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$240,000 Median Sales Price

7 Homes Sold

3 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $775,000
9/17/2024 11:09:45 PM	Price Reduced Source: Multiple Listing Service	New Value: $775,000	-20.51%
8/23/2023 9:52:00 PM	New in Database Source: Multiple Listing Service	New Value: $975,000

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.