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    Renovated Retail Kitchen Building Title is generated by Realmo AI

    111 Commercial Street, Dowagiac, MI 49047

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    For Sale
    $269,000

    COMMERCIAL - Dowagiac, MI

    Type:Retail
    Property size:
    2,527 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $106/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 6:06 am

    Property Features for 111 Commercial Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Interior features
    Broadband
    Standard status
    Active
    APN
    14-160-200-057-00
    Size
    2,527 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PER TITLE COMMITMENT
    Tax Annual Amount
    3142

    Utilities

    Utilities
    Cable Available
    Heating system
    Heat Pump (Heating), Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1873
    Number of units
    1
    Building materials
    Brick
    Roof type
    Rubber, Composition

    We can help!

    Listing Contact
    Matthew Money

    Listing agent Matthew Money

    Listing office D Mottl Realty Group LLC 228 S Front St., Dowagiac, MI

    Listing date Jun 4, 2026

    MLS# 26027142

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Downtown Dowagiac versatile commercial building with historic brick construction and updated features
    • Move‑in‑ready main level renovated over the past three years with raised ceilings, new flooring, updated mechanicals, and can lighting
    • Open layout with office space, workspace, and prep space suited for a commercial kitchen; walk‑in cooler included
    • Renovated restroom and refreshed facade; basement provides additional storage space
    • Second‑story apartment with a private entrance for owner occupancy, rental income, or employee housing
    • Heat pump heating with baseboard; window unit cooling; rubber and composition roof; broadband and cable available

    Overview

    This beautifully renovated commercial property offers a move-in-ready main level designed for flexible day-to-day operations. The interior features a spacious open layout with raised ceilings, new flooring, updated mechanicals, and can lighting, along with dedicated office and workspace areas. In addition to a renovated restroom, the building includes prep space supported by a walk-in cooler, making it especially practical for food-focused concepts. A basement provides additional storage, and exterior improvements include a refreshed facade.

    Located in downtown Dowagiac at 111 Commercial Street, the property sits within a compact urban setting. The listing notes ongoing downtown revitalization and housing growth efforts, including multiple residential projects and streetscape improvements planned for South Front Street that are expected to enhance walkability and add green space.

    The configuration supports owner-operator or mixed-use models, with a second-story apartment served by a private entrance. That separation can support rental income, employee housing, or on-site living while operating a business below. The flexible floor plan has previously been used as a flower shop and is described as adaptable for retail, deli, cafe, restaurant, office, boutique, or other specialty uses. Basement storage and the kitchen-oriented improvements help broaden what can run from the main level.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flowers by Anna (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Flowers by Anna — 111 Commercial St, Dowagiac, MI 49047

    Location Insight

    • Map
    • Local Demand
    City
    Dowagiac
    County
    Cass
    State
    Michigan
    Longitude
    -86.109586
    Latitude
    41.982671

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    FAQs

    What type of property is this?
    Storefront property - Move-in-ready main level with commercial kitchen prep space and walk-in cooler, plus a second-story apartment with private entrance.
    Where is this storefront property located?
    The property is located at 111 Commercial Street Dowagiac, MI.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: Downtown Dowagiac versatile commercial building with historic brick construction and updated features; Move‑in‑ready main level renovated over the past three years with raised ceilings, new flooring, updated mechanicals, and can lighting; Open layout with office space, workspace, and prep space suited for a commercial kitchen; walk‑in cooler included
    (574) 261-1226
    We can help!
    Listing Contact
    Matthew Money
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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