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30921755
34523090

105 N Broadway Street, Cassopolis, MI 49031 For Sale

EXP Realty
Listed by EXP Realty
$449,900
135 days on market
Updated 2 days ago
Opportunity zone

105 N Broadway Street

Details
APN 14-041-126-073-00
Property Type Business for Sale, Office (+3)
Sub Type Business Only, Executive Office (+5)
Square Footage 9,064
Net Rentable (SqFt) 9,064
Units 6
Cap Rate 1.47%
NOI $6,616
Occupancy 100%
Tenancy Multi
Price per SqFt $50
Class B
Year Built 1860
Buildings 1
Stories 2
Acreage 0.150
Investment Type Value Add
Ground Lease No
Ownership LLC

Fully Leased Downtown Landmark with Apartments, Offices & Event Space

Marketing description

Located in the center of downtown Cassopolis directly across from the Cass County Courthouse, this one-of-a-kind historic landmark offers approximately 9,064 square feet of flexible mixed-use space with exceptional character and multiple income opportunities. The property features commercial and office space, a residential apartment, and an impressive timber-framed event venue with soaring ceilings, exposed beams, hardwood floors, and a dramatic stone fireplace.

Whether you’re an investor seeking diversified income, an entrepreneur looking for a destination business, or a developer searching for an adaptive reuse opportunity, this property offers remarkable flexibility. Continue operating the existing uses, expand the event business, create a hospitality concept, convert to additional residential units, or bring your own vision to one of Cassopolis’ most recognizable buildings.

Historic architecture, downtown visibility, established income potential, and unlimited possibilities combine to create a truly rare investment opportunity in Southwest Michigan.

Investment highlights

  • 100% occupied mixed-use investment
  • Approximately 9,064 SF historic downtown building
  • Multiple income streams from office, residential, and commercial/event uses
  • Six income-producing units
  • Across from the Cass County Courthouse
  • Historic architecture with significant character and adaptive reuse appeal
  • Established rental history
  • Strong upside through future rent growth and operational improvements
  • Highly visible corner location in downtown Cassopolis
  • Rare opportunity to acquire one of the community’s landmark buildings
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Listing Contacts

EXP Realty
Listed by EXP Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$6,616.00
$551.33/mo

Valuation Metrics

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DSCR
1.47%
Cap Rate
1.47%
ROI

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