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29299 E Channel Rd 1,844 SF Specialty Building Offered at $459,000 at a 8.39% Cap Rate in Drummond Island, MI 49726



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 | $459,000 | Building Class | C |
| Price Per SF | $248.92 | Lot Size | 0.92 AC |
| Sale Type | Investment or Owner User | Building Size | 1,844 SF |
| Cap Rate | 8.39% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 2001 |
| Property Type | Specialty | Parking Ratio | 16.27/1,000 SF |
| Price | $459,000 |
| Price Per SF | $248.92 |
| 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
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Drummond Island Realty
29299 E Channel Rd
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