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Bank Property with Drive-Through
For Sale
$295,000

116 S Broadway St, Cassopolis, MI 49031

Two buildings provide office and lobby areas, basement space, two vaults and separate drive-through service lanes.

Property Size8,048 SF
Price / SF$36.66
Days on Market339

Property Features for 116 S Broadway St

General Information

Standard status Active
Size 8,048 SF
Property subtype Commercial

Building Details

Year Built 1900
Listing Agency: NAI Wisinski of West Michigan
Listed By: Jodi K Milks · License #6506044331
Source: Vmrealestatemichigan
Added: Nov 2, 2025 Changed: Oct 1 Last Checked: Oct 5 at 7:30PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Wisinski of West Michigan

Investment Insights

Based on property information with market context.

This former bank property includes two buildings totaling 8,048 SF: a 4,512 SF, two-story building with a basement and a 3,536 SF, one-story building with a basement. Interior features include a customer lobby, private offices on both floors, a break room and two bank vaults. A separate, freestanding drive-through has two lanes. The buildings date to the early 1900s and were renovated in the 1990s.

The site covers approximately 0.85 acres across four parcels in downtown Cassopolis. Frontage extends along S. Broadway St./M-62 Hwy. and W. State St. The property is zoned C-3, Central Business District. A rear parking area has 25+ spaces and green space, with delivery access from a rear alley. Two pylon signs are also on site. Nearby businesses include Wagner Family Funeral Home, Auto Value, True Value Hardware, Marathon Gas and Biggby Coffee.

Key Highlights

  • 8,048 SF across two buildings: 4,512 SF and 3,536 SF
  • Freestanding 2‑lane drive‑thru
  • Approximately 0.85‑acre site across 4 parcels

Property Analytics

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Current Use

ATM (Fifth Third ... Atm

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Hair Salon Nail Salon Big Box & Wholesale 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.

Location Intelligence

Trade Area within ½ mile

234
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 73% Shops & Services 22% Home Improvements & Furnishings 5%
McDonald's Dining
14,475 visits/mo 0.5 miles
Marathon Petroleum Shops & Services
5,783 visits/mo 0.3 miles
BIGGBY COFFEE Dining
4,822 visits/mo 0.1 miles
Hayden & Sons True Value Hardware Home Improvements & Furnishings
1,242 visits/mo 0.1 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Two buildings provide office and lobby areas, basement space, two vaults and separate drive-through service lanes.
Where is this bank located?
The property is located at 116 S Broadway St 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 across two buildings: 4,512 SF and 3,536 SF; Freestanding 2‑lane drive‑thru; Approximately 0.85‑acre site across 4 parcels
More about this property
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