Prime Downtown Bancroft Investment Opportunity. Exceptional income-producing commercial property located on Bancroft's busy Main Street, offering outstanding visibility and exposure in the heart of town. This well-maintained mixed-use building features a fully leased commercial level consisting of a... restaurant or retail space, along with a spacious three-bedroom residential apartment on the second floor. Both tenants are established and provide strong, reliable income. The property has seen numerous recent upgrades, including and brand-new roof covering the entire building, a new furnace in the restaurant, and a new hot water tank. The restaurant has been extensively updated and brought up to fire code requirements, featuring a commercial range hood with fire suppression system and a three-sink setup, making it well-equipped for food service operations. Additional features include: Prime main street location with excellent pedestrian and vehicle traffic, Strong rental income from both commercial and residential units, Tenants pay their own utilities, Spacious three-bedroom apartment on the upper level, Paved rear parking lot for tenants and customers, Significant recent capital improvements completed, Turnkey investment with minimal immediate capital requirements. Whether you're expanding your investment portfolio or seeking a quality mixed-use property in a thriving downtown location, this Bancroft landmark offers an excellent combination of income, location, and long-term value.
Full Property Details
General
Business Type
Hospitality/Food Related
Industrial Area
0.00 Sq Ft
Retail Area
2000.00 Sq Ft
Office Area
1056.00 Sq Ft
Total Area
3056.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Hospitality/Food Related
Industrial Area
0.00 Sq Ft
Retail Area
2000.00 Sq Ft
Office Area
1056.00 Sq Ft
Total Area
3056.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
2
Heating Fuel
Propane Gas
Air Conditioning
Yes
Washrooms
2
Heating Fuel
Propane Gas
Air Conditioning
Yes
Exterior
Depth
160.0
Front
27.0
Lot Size
27 x 160.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
COMMERCIAL
Depth
160.0
Front
27.0
Lot Size
27 x 160.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
COMMERCIAL
Building Description
Home Type
Commercial
Subtype
Commercial Retail
Year Built
51-99
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Commercial Retail
Year Built
51-99
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Community
Community
Bancroft Ward
Community
Bancroft Ward
Taxes & Fees
Taxes
$8,335 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$8,335 /yr
Tax Year
2026
Occupancy
Tenant
Similar Properties(No results)
Mortgage Calculator
Calculate your estimated monthly mortgage payment
Price
$399,000
$
%
%
Monthly payment
By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).
The accuracy and applicability of this calculator are not guaranteed.