Well I bet the owner is in the hole now. I think the market building was closed for like 6-8mos due to rodent problems. The city owns the building and there was a really long delay and talks of not repairing what had to be done. Wish I had all the details, but it does make you think a little.
Wow--with rent that low and utilities included you would not need to do much to break even. Utility bills even for a small restaurant can approach $1000 on their own. I would guess if you could do $500 a day you would be in really solid shape. Use the shop to cater out of too and you would be golden.