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    168 S Ontario St De Tour Village, MI 49725

    View on Map
    Sponsored
    For Sale
    $279,000

    Business - De Tour Village, MI

    Type:Business
    Property size:
    2,950 SF
    Days on Market:
    45
    Last Refresh:
    Mar 26 at 10:06 pm

    Property Features for 168 S Ontario St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial
    APN
    041-722-010-00
    Interior features
    Fire Alarm, Furnished, Kitchen Area, Laundry Area, Living Quarters, Restaurant, Restroom, Smoke Detectors, Storage
    Exterior features
    High Visibility, High Traffic Location
    Size
    2,950 SF

    Utilities

    Heating system
    Baseboard, Electric (Heating), Hot Water (Heating), Propane (Heating)

    Building Details

    Number of units
    3
    Building materials
    Stone
    Roof type
    Rubber, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Jarvis

    Key Realty One

    Listing agent Jeff Jarvis License #6501430252

    Listing date Feb 9, 2026

    MLS# 25-362 Listing URL

    Copyright © 2026 Eastern Upper Peninsula Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Bistro in De Tour

    Located in De Tour Village, Michigan, the Bake House Bistro is available for purchase. This fully updated business has seen upgrades since 2024, including a 33% increase in revenue. The business has added hand-scooped specialty ice cream, daily breakfast, fresh bakery items, smoothies, and espresso. Updates include all indoor and outdoor seating. The old soda fountain has been replaced with a modern beverage cooler for canned and bottled drinks. Two retail freezers and a retail cooler have been added for grab-and-go items. The business has a 4.9-star rating on both Google and Facebook, thanks to a loyal and growing customer base. The property is zoned commercial and is suitable for breakfast and diners, restaurants, retail properties, coffee shops, storefront properties, and individual retail properties. The property size is 2950 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bakehouse Bistro Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Hotel & Motel Department Store Food Market Grocery & Convenience Store Bar & Pub Spa & Massage Center Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Detour's Historic Huron Street, Yooperland St Marys River Vacations

    Location Insight

    • Map
    • Local Demand
    City
    De Tour Village
    County
    Chippewa
    State
    Michigan
    Longitude
    -83.901798
    Latitude
    45.989728

    Nearby Similar for Sale

    • $279,000
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      Thriving Business with Apartments

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    • $265,000
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      Established Restaurant & Saloon For Sale

      Turnkey restaurant and saloon with real estate and liquor license.
      410 Ontario St, De Tour Village, MI 49725
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    • $279,000
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      Turnkey Bistro with Two Apartments

      Thriving bistro with two apartments in De Tour Village, MI.
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    • $279,000

      Turnkey Bistro & Property For Sale

      Thriving bistro with on-site apartments in DeTour Village, MI.
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    • $2,995,000
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      Private Island with Historic Lighthouse

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    FAQs

    What type of property is this?
    Breakfast & diner - Thriving bistro business and property for sale in De Tour.
    Where is this breakfast & diner located?
    The property is located at 168 S Ontario St De Tour Village, MI.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: - Turnkey bistro with property included in DeTour Village, MI.; - Thriving business with a 4.9-star rating on Google and Facebook.; - Significant revenue increase (33%) since 2024.
    (906) 464-0123
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    168 S Ontario St De Tour Village, MI 49725
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    We can help!
    Listing Contact
    Jeff Jarvis
    Real Estate License ID: 6501430252
    Learn More
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