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Rachel's 130 E Water St 2,412 SF 100% Leased Retail Building Constantine, MI 49042 $339,614 CAD ($140.80 CAD/SF)



Executive Summary
Do you want to live where you work? Or rent out the lower level to minimize your expenses while you live upstairs? This well-known cajon restaurant was a staple in the community and comes fully equipped with all fixtures and equipment included! Permission by the health dept. has been given to cook in the outside area!The 1,200 sq ft main level is full of character and charm, featuring a fully furnished coffee bar, refrigeration/freezers, dual restrooms and more! Upstairs, you'll find a beautiful 2-bedroom, 2-bath apartment, with thoughtful details throughout. Features include a private entrance, 2-car garage, stainless steel appliances, ceramic heated tile flooring and a whirlpool tub. Perfect for an owner-operator or additional rental income. A full basement under the store offers a potential rental unit with a full bathroom and also provides exceptional additional space for storage or expansion opportunities. Prime location, income potential and unmatched character, this is a rare downtown opportunity you won't want to miss.
Owner updates include, but not limited to: new cooler/freezers, coffee maker/grinders, awning, and mini-split a/c unit. Also included is a Bruno chair lift with 400lb capacity attached to the staircase leading to the residential unit upstairs.
Owner updates include, but not limited to: new cooler/freezers, coffee maker/grinders, awning, and mini-split a/c unit. Also included is a Bruno chair lift with 400lb capacity attached to the staircase leading to the residential unit upstairs.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,412 SF
Building Class
C
Year Built/Renovated
1900/2017
Price
$339,614 CAD
Price Per SF
$140.80 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.12 AC
Frontage
44’ on Water St
Amenities
- Courtyard
- Restaurant
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 043-080-022-00 | Improvements Assessment | $55,637 CAD |
| Land Assessment | $3,673 CAD | Total Assessment | $59,310 CAD |
Property Taxes
Parcel Number
043-080-022-00
Land Assessment
$3,673 CAD
Improvements Assessment
$55,637 CAD
Total Assessment
$59,310 CAD
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Rachel's | 130 E Water St
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