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Investment Highlights

  • High traffic location
  • Restaurant is ready to re-open

Executive Summary

Turn-key restaurant opportunity on busy M-115 just west of Farwell, right off the US-10 expressway exit. Known as Pit Stop Coney Island, this sharp diner-style restaurant was built in 2001 and sits on nearly 1 acre in a high visibility, high traffic location between Farwell and Cadillac. This recently operating business is ready to reopen with newer updated equipment, fixtures, - just obtain your food license and get started. The 1,612 square foot building features a welcoming 29x27 dining area with seating for over 50 guests, a 14x20 fully updated kitchen (2025), plus an 8x7 prep office and 8x7 storage room. There is also a 5x21 freezer and storage area with a 3-door refrigerator and 3-door freezer. A convenient drive-thru window with outdoor menu board. Outside, you’ll find a large lighted street sign, four picnic tables for outdoor seating, and a spacious 25+ car recently coated blacktop circle driveway with room for trailer and RV parking. The property is well-lit with exterior building and parking lot lighting, and includes security cameras and an alarm system. Additional features include two outdoor accessible restrooms (10x7 and 6x9), plus an employee restroom inside, a new well installed in fall 2025, natural gas heat, (furnace located in ceiling, central air unit, a makeup air unit, and a fire suppression system. Sale includes all fixtures and equipment as seen, making this a true turn-key opportunity. Inventory to be negotiated separately. Great chance to own a ready-to-go restaurant in a prime, high-traffic location.

Taxes & Operating Expenses (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Taxes $5,943 $3.71
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024)

Taxes (CAD)
Annual $5,943
Annual Per SF $3.71
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $5,943
Annual Per SF $3.71

Property Facts

Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,600 SF
Building Class
C
Year Built/Renovated
2001/2024
Price
$476,042 CAD
Price Per SF
$297.53 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.00 AC
Zoning
Commercial - Commercial use
Parking
15 Spaces (9.37 Spaces per 1,000 SF Leased)
Frontage
215’ on Cadillac Dr

Amenities

  • Restaurant
  • Signage
  • Drive Thru
  • Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
014-016-200-06
Land Assessment
$16,049 CAD (2025)
Improvements Assessment
$129,936 CAD (2025)
Total Assessment
$145,984 CAD (2025)
Annual Taxes
$5,943 CAD ($3.71 CAD/SF)
Tax Year
2024
  • Listing ID: 40403374

  • Date on Market: 2026-05-05

  • Last Updated:

  • Address: 3510 Cadillac Dr, Farwell, MI 48622

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