Name of Property: Underwood Building, Present Site of Underwood Shoes
Address: 147 S. Front Street
Asking Price: $140,000
Monthly Rental: In November, the storefront will be available for rent at $500 per month, plus utilities.
Property Description: This building is located on the corner of Front & Commercial streets in downtown Dowagiac. The current property owner is the second generation owner of Underwood Shoes, which occupies the main floor that also includes an office, storage area, large show room and access to the basement for additional storage. The second level has a 2 bedroom, 2 bathroom apartment that is currently occupied. A second unit can be updated for further income potential. At the rear of the two-story building is a one-story commercial space. Incentive programs available to renovate the property include the City's Rental Rehab Program and the DDA's Facade Incentive.
Name of Property: Beeson Street Bar & Grill
Address: 105 Beeson Street
Realtor: Jerdon Real Estate, (269) 782-4000
Asking Price: $229,000 lowered to $179,000. Now $150,000.
Property Description: The two-story, double-storefront is located downtown across from Beckwith Park. It was the site of a long-time established business. It provides the opportunity for two businesses with bar on one side, café on other side, with a common modern & commercial kitchen, including quality stainless steel fixtures & appliances, walk-in cooler and ample storage areas. The large and separate tiled restrooms are in good condition. The building has a partial basement. The second floor offers great potential for additional multi-unit apartments for additional income. The City's Rental Rehab Program is available to provide renovation assistance, as well as the DDA's Facade Incentive Program to renovate the exterior.. Also included in the sale is a Class C liquor and Michigan Lottery licenses. Interior is clean throughout with public parking adjacent to this site.
Name of Property: Manor Mini-Mart Auxilary Building
Owner: Vic & Deb Cuthbert, 782-3744
Address: Railroad Street
Rental Rate: $700/month
Square Footage: Approximately 1,400 square feet
Property Description: This shopping center location, within Donker's Shopping Plaza, where Manor Mini-Mart is located, is the former site of Wright's Farm Market. It is located between Railway Cafe and 269 Apparel. Rent does not include utilities. Ample on-site parking is provided.
Name of Property: Huntington Bank Building
Address: 205 Commercial Street
Realtor: Loren Souers, Signature Associates, (269) 385-2000 (269) 887-1714