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236-232 MAIN Street

Southwest Middlesex, ON N0L 1M0

ActiveFor Sale
0 Beds
0 Baths
5,441 Sq Ft
Commercial

About This Property

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 wheel chair 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.Partial Roof renovation (2025).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 High 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 Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size5,441 sq ft
Bedrooms0
Bathrooms0
Postal CodeN0L 1M0
Last UpdatedAug 8, 2026 · 7:42 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12370427

Listed by ROYAL LEPAGE TRILAND REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$495,000

asking price

MLS®X12370427
TypeCommercial
CitySouthwest Middlesex
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$2,417

/month · $396,000 mortgage

Down Payment20% — $99,000
Interest Rate5.5%

Amortization

Total Interest

$329,145

Total Cost

$725,145

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

ROYAL LEPAGE TRILAND REALTY