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Drummond Island Realty

,

388-20-0035

COMMERCIAL: Restaurant, Bar, Grocery, and Retail

Price
$697,000Business & Home Combined
Beds
2 Beds
Baths
2 Baths
Lot Size
Acreage: 1.4 acres Lot Size: 248 x 250'+/-
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Property Description

COMMERCIAL OPPORTUNITY!

Here is your chance to make a living and a life on Drummond Island. This solid yet modest business opportunity gives you the best of both worlds, a restaurant/bar and retail business AND a home to live in! Located on a high traffic road just a stones throw from Drummond Island’s “Four Corners”, this 3,411 sq. ft. multi-faceted restaurant, bar, grocery, and retail space is fully equipped, clean, well-maintained. The current owners have lovingly owned and operated the business for over 30 years and are ready to retire. The business comes with a Class C and a Specialty Designated Merchant LIQUOR LICENSE. The dining room currently offers seating for up to 30 guests and features a custom made fireplace/water feature as an artistic focal point. The fully equipped kitchen has Drummond Island’s only brick oven for making delicious pizzas and baked pasta. A grill top stove, deep fryer, and many other commercial-grade equipment pieces provide everything you need to run a successful kitchen. Walk-in beverage coolers, a full deli counter, ice cream counter, and coffee/espresso bar area provide a wide variety of offerings for convenient grab-and-go adventurers.

The retail spaces throughout the building offer ample opportunities to display clothing, souvenirs, and more. Dealer of many popular brands (see photo tour). The building also has two handicap accessible restrooms, a boiler room, and a private office/storage space. The 1.42-acre property provides parking for 30+ vehicles and potential for expanding the restaurant/bar with outdoor seating under a canopy of large hardwood trees that surround the edges of the property. In addition, a 1,920 sq. ft. hoop house offers income from the sale of flowers and could help support farm to table style dining or sale of fresh produce. This unique opportunity is in full operation and turning a profit. There is so much potential to owning this business with future opportunities to grow and expand (perhaps a microbrewery)!

As if that were not enough, a significant bonus to this property is the charming 4 BR, 2 BA, efficient 956 sq. ft.+ home that comes with it! The spacious finished basement could be used for housing seasonal help for the store, additional storage, office space, or crafting. Tongue and groove ceilings in the kitchen and dining nook add warmth and charm to this home. A new metal roof was installed on both the home and business in 2019 to protect your investment.

Drummond Island offers four seasons of outdoor recreation activity with fishing, hunting, off-roading, golf, hiking, and more. In addition to loyal local residents, the island’s tourism base and growing seasonal homeowner population make this business ripe with potential for growth. See further home information in residential listing #388-20-0036

Property Information
  • , Property Status:
  • , Property Type:
  • Neighborhood:
  • $697,000Business & Home CombinedPrice:
  • Drummond IslandCity:
  • MIState:
  • 49726Zip:
  • Acreage: 1.4 acres Lot Size: 248 x 250'+/-Lot Size:
  • 1976Year Built:
  • 3,411 sq. ft. +/- Business: Sq. Ft.:
  • Above Average Business: Condition:
  • 2 Business: Restrooms:
  • 1976, remodeled 2003 Business: Year Built:
  • Well (Shared with home) Business: Water:
  • Wood Business: Exterior:
  • Septic (2-1000 gallon tanks, infiltration system) New drain field 2007.. Business: Sewer:
  • New Metal Roof, 2019 Business: Roof Age:
  • LP Gas FA Business: Heat:
  • Slab Business: Foundation:
  • Yes Business: Central Air:
  • Yes Business: Separate Utilities:
  • 30-50 cars Business: Parking:
  • 10x16' shed, 1920 sq ft. hoop house Business: Out Buildings:
  • 1964 Home: Year Built:
  • 956 sq. ft. Home: Sq. Ft. Abv/Blw::
  • Above Average Home: Condition:
  • 9 Home: # of Rooms:
  • Vinyl Siding Home: Exterior:
  • None Home: Fireplace(s):
  • New Metal Roof, 2019 Home: Roof Age:
  • Shared Well Home: Water:
  • Gravel Home: Driveway:
  • 1,200 gallon septic, new drain field 2007 Home: Sewer:
  • None Home Garage::
  • Efficient LP Gas FA Home: Heat:
  • Average Home: View:
  • None Home: Central Air:
  • Stove, refrigerator, washing machine, dryer Home: Appliances:
  • 1.42 Acres Acreage::
  • 248 x 250' +/- Lot Size::
  • $2,560.98 (Total Home & Business) Taxes::
  • Cash or Mortgage Sales Terms::
  • Homestead and Commercial Tax Type::
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