116 S Broadway St | Cassopolis, MI 49031
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116 S Broadway St
Cassopolis, MI 49031
FORMER FIFTH THIRD BANK - CASSOPOLIS, MI · Retail Property For Sale
Investment Highlights
- 8,048 SF former bank facility offering 4,512 SF, 2-story building w/basement and 3,536 SF, 1-story building w/basement
- Buildings constructed in early 1900's (est.) - renovated in 1990's (est.)
- Zoned C-3, Central Business District in the Village of Cassopolis offers wide variety of uses
- Site offers 2-lane, freestanding drive-thru, parking lot w/25+ spaces, large green space, 2 pylon signs, and access to rear alley for deliveries
- Highly visible 0.85-acre parcel (4 parcels) w/approx. 81’ of frontage on S. Broadway St./M-62 Hwy. and approx. 173’ of frontage on W. State St.
- Bank closure January 2024
Executive Summary
AVAILABLE FOR SALE: 8,048 SF former bank facility – comprised of a 4,512 SF, 2-story building w/basement, a 3,536 SF, 1-story building w/basement and a 2-lane, freestanding drive-thru – located in downtown Cassopolis, Michigan. Constructed in the early 1900’s, and renovated in the 1990’s, the existing floor plan features a large lobby/customer service area, multiple private offices on both floors, break room and 2 bank vaults. Situated on an approx. 0.85-acre parcel (4 parcels) with approx. 81’ of frontage on S. Broadway St./M-62 Hwy. and approx. 173’ of frontage on W. State St., this property offers a rear parking lot with 25+ spaces that includes adjacent green space, 2 pylon signs and delivery access via rear alley. The site is centrally located in the Village of Cassopolis and zoned C-3, Central Business District, allowing for a wide variety of uses. Area tenants include Wagner Family Funeral Home, Auto Value, True Value Hardware, Marathon Gas and Biggby Coffee.
Property includes APN 14-041-121-001-00, 14-041-121-003-00, 14-041-121-004-00 and 14-041-180-006-00. Sale subject to Bank approval of Buyer’s intended use. Seller reserves the right to deed restrict against financial and marijuana uses. Property to be sold in “As is” “Where is” condition, with all faults and conveyed by Covenant Deed. Do not approach employees. Estimated close date 1/18/24.
Property includes APN 14-041-121-001-00, 14-041-121-003-00, 14-041-121-004-00 and 14-041-180-006-00. Sale subject to Bank approval of Buyer’s intended use. Seller reserves the right to deed restrict against financial and marijuana uses. Property to be sold in “As is” “Where is” condition, with all faults and conveyed by Covenant Deed. Do not approach employees. Estimated close date 1/18/24.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
8,048 SF
Year Built/Renovated
1900/1990
Price
$350,000
Price Per SF
$43
Tenancy
Single
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.85 AC
Opportunity Zone
Yes
Zoning
C-3 - Central Business District
Parking
25 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $475,500 | |
| Land Assessment | $18,900 | Total Assessment | $494,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$18,900
Improvements Assessment
$475,500
Total Assessment
$494,400
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