102 Broadway $1,399,000

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    102 Broadway Suttons Bay, MI 49682

    Sold In House

    $1,399,000

    Market Estimate
    • Commercial
    • MLS# 1885012
    102 Broadway, Suttons Bay, MI 49682
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    Listing provided courtesy of: Cygnus Real Estate: 508 N. Saint Joseph, Suttons Bay, MI
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    Property Details

    BEST LOCATION in the village of Suttons Bay on the busiest corner in Leelanau county! Suttons Bay's premier breakfast & lunch spot: the iconic 45th Parallel Cafe and Candy World is for sale. Established profitable restaurant loved by locals and tourists alike offered for sale turnkey. The charming candy and fudge shop, Candy World, which keeps guests who are waiting for a table at The 45th Parallel Cafe busy and spending money with the business, is included in the sale. This is a great opportunity to acquire 2 businesses with multiple revenue streams and ample opportunity to grow those revenue streams. The real estate is included in the sale as well as all equipment, domain names, web sites, ecommerce and recipes for existing menu as well as Fudge Recipes and supplier info. Almost all decor seasonal as well as year round decor included in sale, too. This is a killer opportunity to get out of the city, move to bucolic Leelanau County in North-Western Michigan on the lower peninsulas and take over an Award Winning, revenue producing, business. The current owners, who started the business 24 years ago in the same location, are willing to stay on to train and facilitate the smooth transition to the new owners after which it is their intention to retire. Signed NDA will get full marketing package and sale memorandum.

    • General Features
      • Licenses Food
      • Included In Lease None
      • Business Incl Yes
      • Business Name The 45th Parallel Cafe
      • Type of Ownership Private Owner
      • Approx Year Built 1950
      • Year Remodeled 2020
      • Type Hospitality
      • Town T 30N
      • Township Suttons Bay
      • Present Use Restaurant/Food Service,Retail Store
    • Building Features
      • Extras Furniture/Fixtures, Security System
      • Foundation Slab
      • Heating Cooling Source Natural Gas
      • Roof Membrane, Tar/Gravel
      • Heating Cooling Type Forced Air
      • # Restrooms 2
      • Apx Total Fin SQFT 2,300
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free No Steps Entry
      • Road Public Maintained
      • Sewer Municipal
      • % of Remodel 95
      • Parking Common, Parking Lot
      • Exterior Features Block
      • Construction Block
      • Lot Dimensions 0x0
      • Location Corner Lot, Other

    Neighborhood

    49682 (Suttons Bay) Demographics

    58 Median Age
    65 Population Density (per sq. mile)
    46% College Educated
    $69,135 Estimated Median Income
    1,561 Estimated Total Home Owners
    310 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,224 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,050,000 Median Sales Price
    2 Homes Sold
    10 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        6/15/2022 3:00:00 AM Sold Source: Multiple Listing Service New Value: $1,399,000
        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        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.