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29299 E Channel Rd 1,844 SF Specialty Building Offered at $632,929 CAD at a 8.39% Cap Rate in Drummond Island, MI 49726

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EXECUTIVE SUMMARY

Attention food entrepreneurs and restaurateurs! Imagine stepping into a thriving business with a loyal customer base and a reputation for excellence. Don't miss out on this incredible chance to own and operate Esther's Authentic Mexican Cuisine. This turnkey establishment includes all the essential equipment, fixtures, and even the cherished, time-tested recipes that have made it an iconic destination. To sweeten the deal, Esther has agreed to stay on for one season before she retires to provide her expertise and guidance and ensure the continued success of this well established, well maintained, award-winning restaurant. A large walk-in cooler, new commercial septic system, new forced air heating system, and new roof was installed in the last few years making it a sound investment. In addition to the restaurant, this property features a small gift shop offering additional income, a 32x40 pole barn for ample storage, parking for 30+ vehicles, and a 12x60, 2 bedroom, 2 bath mobile home located behind the restaurant that could be used as a home or to house seasonal employees. Seize this delicious opportunity! Call today to learn more about taking the first steps towards owning this thriving Mexican restaurant!

PROPERTY FACTS

Price $632,929 CAD
Price Per SF $343.24 CAD
Sale Type Investment or Owner User
Cap Rate 8.39%
Sale Condition Business Value Included
Property Type Specialty
Building Class C
Lot Size 0.92 AC
Building Size 1,844 SF
No. Stories 1
Year Built 2001
Parking Ratio 16.27/1,000 SF

AMENITIES

  • Air Conditioning
  • Listing ID: 36720806

  • Date on Market: 2025-07-14

  • Last Updated:

  • Address: 29299 E Channel Rd, Drummond Island, MI 49726

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