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Former Bank Facility with Drive-Through
For Sale
$295,000

116 S Broadway Street, Cassopolis, MI 49031

Commercial Sale, Cassopolis, MI

Property Size8,048 SF
Lot Size0.85 Acres
Price / SF$36.66
Days on Market312

Property Features for 116 S Broadway Street

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description C-3
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Basement
Parking 25
Interior features Broadband
Elementary school district Cassopolis
Middle school district Cassopolis
High school district Cassopolis
Directions SW corner of S. Broadway St./M-60 and W. State St. in downtown Cassopolis.
Subdivision Greater Kalamazoo - K
Standard status Active
APN 14-041-121-004-00
Size 8,048 SF
Lot size 0.85 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Attached
Tax Annual Amount 10164
Legal Description Attached

Utilities

Utilities Cable Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Number of units 1
Building materials Brick
Roof type Rubber
Listing Agency: NAI Wisinski of West Michigan
Listed By: Jodi K Milks · License #6506044331
Added: Oct 30, 2025 Changed: Sep 3 Last Checked: Sep 6 at 7:06AM
MLS# 25062950

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.

Investment Insights

Based on property information with market context.

This former bank property includes 8,048 square feet across two buildings and a separate two-lane drive-through. The improvements consist of a 4,512-square-foot, two-story building with basement space and a 3,536-square-foot, one-story building with basement space. Interior features include a customer lobby, private offices on both levels, a break room, and two bank vaults. Constructed in 1900 and renovated in the 1990s, the buildings include brick construction, forced-air heat, central air, rubber roofing, and broadband. A rear parking area provides 25+ spaces, with adjacent green space, two pylon signs, and delivery access from the rear alley.

The property occupies approximately 0.85 acres across four parcels in downtown Cassopolis. It has approximately 81 feet of frontage on S. Broadway Street/M-62 Hwy. and approximately 173 feet on W. State Street. C-3, Central Business District zoning applies. Area tenants include Wagner Family Funeral Home, Auto Value, True Value Hardware, Marathon Gas, and Biggby Coffee.

Key Highlights

  • 8,048 SF former bank facility with two buildings and a freestanding two‑lane drive‑thru
  • 4,512 SF, 2‑story building and 3,536 SF, 1‑story building, both with basement space
  • Constructed in 1900 and renovated in the 1990s

Property Analytics

Current Use

ATM (Fifth Third ... Atm

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Building Supply Nail Salon Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

212
Businesses Nearby

Demographics for 49031, MI

7,728
Population
4,238
Households
1.8
Avg Household Size
47
Median Age
29%
College-Educated
92%
High-School Grad
113.2 sq mi
ZIP Area
68
Density / Sq Mi
$70,369
Median Household Income
$41,865
Median Earnings
$847
Median Rent
$217,700
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Bank - Two buildings provide office areas, a customer lobby, vaults, basements, and rear parking within a C-3 district.
Where is this bank located?
The property is located at 116 S Broadway Street Cassopolis, MI.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 8,048 SF former bank facility with two buildings and a freestanding two‑lane drive‑thru; 4,512 SF, 2‑story building and 3,536 SF, 1‑story building, both with basement space; Constructed in 1900 and renovated in the 1990s
More about this property
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