$275,000

Downtown Dowagiac Investment & Business Opportunity! Located in the heart of Downtown Dowagiac within the Central Business District, this versatile building offers three separate units: 1 commercial space on the main level and 2 apartments upstairs. The residential units include a vacant 1-bed/1-bath apartment and an occupied 2-bed/1-bath apartment. With separate utilities, each tenant is responsible for their own water, sewer, electric, and gas expenses, making ownership and management straightforward. The main-level commercial space is currently occupied by an established business that is not for sale and will continue operating. The existing tenant has a lease in place with the current owner through March '28, which will transfer to and be honored by the new owner. The vacant 1-bed/1-bath apartment offers flexibility for an owner-occupant to live upstairs while operating or managing their business below, while the occupied 2-bed 1-bath apartment provides additional rental income. Whether you're looking to establish a business downtown, add an income-producing property to your portfolio, or take advantage of the opportunity to live where you work, this property offers the possibility of all 3!