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Three-Unit Mixed-Use Property
For Sale
$275,000

124 S Front St, Dowagiac, MI 49047

A downtown building combines an occupied street-level business with two apartments on the upper floor.

Property Size5,280 SF
Price / SF$52.08
Days on Market65

Property Features for 124 S Front St

General Information

Standard status Active
Size 5,280 SF
Property subtype Commercial
Zoning Central Business District

Building Details

Year Built 1900
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: @properties Christie's International R.E.
Listed By: Amanda Hassle · License #6501409284
Source: Vmrealestatemichigan
Added: Aug 3 Changed: Oct 1 Last Checked: Oct 5 at 7:11PM

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 @properties Christie's International R.E.

Investment Insights

Based on property information with market context.

This 5,280-square-foot mixed-use property, built in 1900, has three units: one commercial space at street level and two apartments above. The apartments comprise a vacant one-bedroom, one-bath unit and an occupied two-bedroom, one-bath unit. The commercial tenant will remain in operation and has a lease with the current owner through March '28, which transfers to the buyer. Separate utilities cover water, sewer, electric, and gas for each tenant.

The property is at 124 S Front St in downtown Dowagiac’s Central Business District. The operating business is not included in the sale.

Key Highlights

  • 5,280‑square‑foot mixed‑use property with three units
  • Street‑level commercial space plus two upstairs apartments
  • Apartment mix: vacant 1‑bed/1‑bath and occupied 2‑bed/1‑bath

Property Analytics

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Current Use

Hairitage Hair Salon Dowagiac Pharmacy Pharmacy

Suggested Use

Top Pick Spa & Massage Center Dental Office Kitchen & Bath Showroom Electrical Service Parking Lot & Garage Bakery

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

485
Businesses Nearby

Demographics for 49047, MI

14,541
Population
8,205
Households
1.8
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
119.3 sq mi
ZIP Area
122
Density / Sq Mi
$55,469
Median Household Income
$38,033
Median Earnings
$750
Median Rent
$182,000
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A downtown building combines an occupied street-level business with two apartments on the upper floor.
Where is this mixed-use property located?
The property is located at 124 S Front St Dowagiac, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 5,280‑square‑foot mixed‑use property with three units; Street‑level commercial space plus two upstairs apartments; Apartment mix: vacant 1‑bed/1‑bath and occupied 2‑bed/1‑bath
More about this property
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