236-232 MAIN Street, Southwest Middlesex | Image 1

236-232 MAIN Street

Southwest Middlesex, Glencoe

  • Commercial

$599,000
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: C-1

  • Age: 100+ years

  • Taxes: 4929

  • MLS®#: X9394066

  • Days on Site: 12 Days

  • Added: Oct 10, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: ROYAL LEPAGE TRILAND REALTY

The Palace restaurant has been a cherished dining destination in Glencoe for many years, offering great food in a vibrant small-town setting. With seating for 150 guests, the restaurant is fully wheelchair accessible and features a large commercial kitchen, making it ideal for hosting a variety of events. The establishment includes two sets of restrooms for patrons' convenience.Above the restaurant, two spacious apartments with two bedrooms and a 3-piece bath each provide additional income potential or accommodation for staff. The restaurant also benefits from ample parking available in a municipal lot located behind the building,along with a convenient rear entrance. Glencoe is well-connected, serviced by Via Rail from Windsor to Toronto, and is just 10 minutes away from Four Counties Health Services and emergency care. The town boasts a range of educational institutions including Glencoe District Hight School, Ekcoe Central Public School, and St Charles Catholic School, making it an appealing location for families.Local amenities further enhance the community's appeal, featuring popular dining options like the McKellar Hotel, Subway,Pizza Picasso, and Tim Hortons, along with grocery stores No Frills and Foodland. Residents enjoy recreational facilities,including an arena and accounting services, and pharmacies.These features collectively make Glencoe an attractive location for both business investors and families seeking a close-knit,community-oriented lifestyle. The Palace Restaurant stands as a cornerstone of the welcoming town, providing delicious meals and a vibrant atmosphere for all.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Age: 100+

  • Area: Southwest Middlesex

  • Community: Glencoe

  • Availability Date: 60 DAYS

Inside

  • Air Conditioning: Y

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: 236 MAIN STREET GLENCOE: PLAN 159 BLK C PT LOT 2 W/S MAIN ST RP

  • Taxes: $4,929

  • Expenses: Act

  • Insurance Fee: 7958

  • Hydro Expense: 13336

  • Heat Expenses: 7449

  • Other Expenses: 333993

  • Taxes Type: Annual

  • Taxes: 4821

  • Water Fees: 2549

Land

  • Cross Street: NEAR MCKELLAR ST.

  • Municipality District: Southwest Middlesex

  • Sewer: Sanitary

  • Lot Depth: 100.58 Feet

  • Lot Frontage: 43 Feet

  • Zoning: C-1

Commercial Specific

  • Number of Employees: 8

  • Rail: A

  • Retail Area: 4641

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 5441

  • Total Area Metric: Sq Ft Divisible

  • Hours Open: 7am - 8

  • Office Size: 800

  • Office Size Metric: Sq Ft

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Building

  • Seats: 262

  • Soil Test: N

  • Financial Statement: Y

  • Gross Income/Sales: 431446

  • LLBO: Y

Map of 236-232 MAIN Street, Southwest Middlesex
JK-8

St Charles Separate School

Elementary: Catholic
0.55 km
JK-8

St Mary's

Elementary: Catholic
18.24 km
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Mosa Central Public School

Elementary: Public
4.94 km
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Aldborough Public School

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21.61 km
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Brooke Central School

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16.65 km
JK-8

Ekcoe Central School

Elementary: Public
1.17 km
9-12

North Middlesex District High School

Secondary: Public
45.14 km
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Glencoe District High School

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0.47 km
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Ridgetown District High School

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36.50 km
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West Elgin Secondary School

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18.72 km
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Holy Cross Catholic Secondary School

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27.24 km
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Strathroy District Collegiate Institute

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27.23 km