The historic Farmers and Merchants Bank (F&M) building is located at 92 West Main Street, in the heart of downtown Benton Harbor, Michigan.
It presents a unique opportunity for redevelopment. With its neo-classical facade, the two-story, 12,500 square foot building sits on a 50 x 130 square foot lot.
The building dates back to the 1880’s and features a marble staircase, two Mosler bank vaults on the main floor, a basement, an elevator, and dumbwaiter. The bank building consists of 3 separate parcels
Cornerstone Alliance has put out a Request For Statement of Interest so that redevelopers can submit proposals to renovate and repurpose the iconic building. The selected project will be eligible for over $100,000 in cash and incentives.
The two-story building has over 12,500 square feet of available space, is zoned for commercial activity, and is close to both the Benton Harbor Arts District and the new mixed-use development at the Sheffield Building on Pipestone.
What’s more, a $3 million renovation is coming close by at the Harbor Center mixed-use building.
The F&M site is a key component of Cornerstone Alliance’s plan for the resurgence of downtown Benton Harbor. Commonly referred to as the Main Street Plan, the plan includes strategic investment in several key buildings on Main Street between Pipestone Street and Eighth Street.
The deadline for developers to apply is 5 p.m. on Friday, June 14, 2019.