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    Turnkey Bistro in DeTour Village Title is generated by Realmo AI

    168 S Ontario Street, De Tour Village, MI 49725

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    Claim this Listing
    For Sale
    $257,300

    Thriving bistro with property and two apartments for sale.

    Type:Commercial/Industrial
    Added:
    May 22, 2025
    Days on Market:
    379
    Last Refresh:
    May 29 at 11:10 am

    Property Features for 168 S Ontario Street

    General Information

    Standard status
    Active
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1975

    We can help!

    Listing Contact
    Tammy Jarvis
    Tammy Jarvis

    Listing agent Tammy Jarvis License #6501424501

    Listing office Key Realty One-TC

    Listing date May 22, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Key Realty One-TC

    HighLights

    • Thriving, fully updated, turnkey bistro business for sale with a 33% revenue increase since 2024.
    • Includes 2 on‑site apartments, providing living space or rental income potential.
    • High customer satisfaction with a 4.9‑star rating on Google and Facebook.
    • Prime location in DeTour Village, directly across from the gas station and next to the seasonal farmers market.
    • Located in a high‑traffic tourist area with over 400,000 visitors passing through annually.
    • Includes private parking.

    Overview

    A turnkey bistro and property are available for sale in DeTour Village, Michigan. The business, known as "Bake House Bistro!", has undergone updates since 2024, including a 33% increase in revenue. The bistro has introduced 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. The property includes two on-site apartments and private parking. It is located directly across from the gas station and next to the seasonal farmers market. DeTour Village has a population of just over 300, with over 400,000 visitors per year passing through on their way to Drummond Island. The village is located on the St. Mary's River, with Canada across the water. Amenities within walking distance include a fire department and paramedic station, the local school, a full-service marina, tackle shop, burger joints, a grocery store, a hardware/lumber store, and a dispensary.
    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 — 206 Huron St, De Tour Village, MI 49725
    • Yooperland St Marys River Vacations — 331 Huron St, De Tour Village, MI 49725

    Location Insight

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

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    FAQs

    What type of property is this?
    Breakfast & diner - Thriving bistro with property and two apartments for sale.
    Where is this breakfast & diner located?
    The property is located at 168 S Ontario Street De Tour Village, MI.
    What is the asking price?
    The asking price for this property is $257,300.
    What are key features of this property?
    This property features: Thriving, fully updated, turnkey bistro business for sale with a 33% revenue increase since 2024.; Includes 2 on‑site apartments, providing living space or rental income potential.; High customer satisfaction with a 4.9‑star rating on Google and Facebook.
    (231) 342-9937
    We can help!
    Listing Contact
    Tammy Jarvis
    Tammy Jarvis
    Real Estate License ID: 6501424501
    Learn More
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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.

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