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Club Fever and Other Businesses For Sale

Club Fever and Other Businesses For Sale

Postby Happy Mom » Wed Dec 17, 2014 8:25 am

Club Fever site for sale
But owner says nightclub is not closing anytime soon



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Club Fever site for sale
Robert Franklin, South Bend Tribune
The building that houses Club Fever at 222 S. Michigan St. has been listed for sale in downtown South Bend. The nightclub, however, is still operating and will remain open for the foreseeable future, owner Dee Davis says. SBT Photos/ROBERT FRANKLIN

Posted: Wednesday, December 17, 2014 6:11 am | Updated: 6:19 am, Wed Dec 17, 2014.
By Kevin Allen South Bend Tribune
Kevin Allen

SOUTH BEND — One of downtown’s largest entertainment venues is on the market.
The Club Fever building at 222 S. Michigan St. is listed for sale with an asking price of $1.79 million. But owner Dee Davis emphasized that the nightclub isn’t closed — and it isn’t closing anytime soon. As a matter of fact, Davis said he has bands booked at least through February.

“I want to make sure people know we’re open for business full-speed ahead,” Davis said. “We’re not slowing down or anything like that unless somebody does make an offer.”
And offers haven’t exactly been pouring in for the building, which encompasses nearly 38,000 square feet and includes six bars, two kitchens and a stage where acts as diverse as Snoop Dogg and Ted Nugent have performed in recent years. Davis said the property was listed for sale about three months ago, but so far nobody has expressed interest in buying it.
The building is immediately south of The State Theater and was a department store before being reimagined as a nightclub about 25 years ago. Davis opened Club Fever in 2005, replacing a country-themed dance hall named Heartland.
“I’ve done it for 10 years, and I’m getting older. It’s time to move on,” Davis said of his decision to market the Club Fever building. “I’m going to be 52 years old soon, and that’s a little bit too old for the nightclub business.”
Davis also is busy running another business: Quality Engineered Products, an Elkhart company that makes decorative wall coverings and seam tape for individual customers as well as wholesale markets such as the hospitality, health care, recreation vehicle and interior-design industries.
He said the Club Fever building is a turn-key property. That is, if a new owner doesn’t want to find a new use for the building, he or she could come in and simply continue operating the nightclub.
“That’s probably it’s highest use, and everything is there functioning and ready to go,” Davis said. “Someone could walk in and be ready to operate that day.”
Club Fever is a unique space in South Bend, too.
“We’re the only place to have a large club-type concert,” Davis said. “The Morris (Performing Arts Center) has great sit-down concerts, and it’s a beautiful building, but no one wants to see an active rock show while sitting in a chair. We’ve had great concerts.”

Local college students also have a tradition of going there to dance on Thursday nights. “This year we’ve averaged over 1,100 people every Thursday night,” Davis said, adding that he hires 16 bouncers and an off-duty police officer to ensure those nights are safe for students.
Anyone interested in the Club Fever building can call Bradley Co., the real estate firm marketing the property, at 574-237-6000.
kallen@sbtinfo.com
574-235-6244
@KevinAllenSBT

http://www.southbendtribune.com/news/bu ... a4f1d.html
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Re: Club Fever For Sale

Postby Xenokilla » Wed Dec 17, 2014 6:57 pm

i wonder if the recent shootings had anything to do with it?
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Re: Club Fever For Sale

Postby backstagedee » Thu Dec 18, 2014 3:24 pm

Of course it did Xeno
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Re: Club Fever For Sale

Postby Happy Mom » Thu Jan 15, 2015 8:54 pm

Carriage House for Sale
24460 Adams Rd | Carriage House
South Bend, Indiana

Profitable, Long Standing, Historic, AAA Four Diamond Restaurant Priced To Sell
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Property Snapshot
Building:4,200 SF; Outdoor Dining: 2000 SF with Kitchen and Gazebo: 500 SF Land:1.59 AcresYear Built: 1959, 1983, 2010; Outdoor Kitchen and Gazebo area 2011 Zoning: Commercial Parking: 50+ On-Site Signage: Building, Monument Utilities: Municipal Sewer, Gas & Electric List Price:$575,000* *Includes building, land, liquor license, furniture, fixtures & equipment with the exception of food, beer, wine & spirits inventory

Property Details
Established in 1975, The Carriage House Dining Room and Gardens celebrates forty years of providing a fine dining experience, the first of its kind in the state and setting the standard since its opening. The 4,220 square foot restaurant was built originally in 1851 as a church, therefore creating extraordinary architectural features such as the exposed brick work and hand-hewn, pegged walnut beams. The building was added onto in 1979, and extensively remodeled over the years, continually updating and improving upon the amenities of the location and dining options (e.g., expansion of the gardens; addition/improvement of the outdoor dining, etc.)

The lower level is 1,184 square feet and is primarily used as a wine cellar which is within a unique 19th Century stone “Michigan basement”. The Wine Cellar features new maple wine compartments throughout and is controlled for both temperature and humidity. Mechanicals and structure have been well maintained.

The building is on 1.59 acres and has ample on-site paved parking (50+). Considering the size of the lot there is the ability to create more parking if necessary. In 2008 +/- the owners added a generator to the property, buried the electric to increase aesthetics and added municipal sewer. The restaurant was recently appraised for $755,000 which did not give consideration for the value of the profitable business which is included in the sale if desired.

The property has two patios for a renowned fine dining alfresco experience which is the only one of its kind in the country. Also there are tables sprinkled throughout the garden. There is a state of the art outdoor French WoodFired pizza oven and kitchen and a second structure housing an octagonal gazebo bar collectively totaling approximately 500 SF, complementing the 1600 SF outdoor (alfresco) dining experience which has a canopied entrance.

This outside area is fully plumbed, wired and lit for outdoor entertainment meeting all codes. The garden and outdoor restaurant experience is unrivaled by any other outdoor experience in the country. The venue inside and/or out is well suited for weddings, wine dinners, private events, and the owner has a track record of success with both. The landscape is designed for interconnected outdoor venues with existing concrete pilings for simple and easy tent installations in three locations. An outdoor stage within the gardens and separate covered bandstand complete the superb outdoor amenities.

For more information regarding the restaurant and extensive pics of property, please visit The Carriage House website at www.carriagehousedining.com.

Contact broker for a non-disclosure agreement, and upon execution of the agreement, financial and additional property information will be provided.

Location
The Carriage House is a historic property located at the Southeast corner of Adams Road and Orange Road in Northwest Indiana on the Northwest side of South Bend. The property is situated in a serene environment with an agricultural setting. It is minutes from the University of Notre Dame, downtown South Bend, a short drive from Harbor Country, and a little over an hour from Chicago. The property is removed from higher traffic areas of South Bend allowing the restaurant to stand out as a one of a kind, unique destination dining experiences in, not only Northern Indiana, but in the world.

Upon opening in 1975 the location became a fine dining destination drawing from counties in every direction, with a base of patrons from South Bend, Elkhart, and southwestern Michigan, which holds true today. In addition to its iconic status within the state of Indiana, The Carriage House is frequented by Chicagoans, summer visitors of Lake Michigan, and travelers who enjoy the convenience to Toll Road and Bypass. Due to the age of the structure (1851) and the uniqueness of environment this is a location and concept that cannot be recreated. It is simply Indiana at its best.

Each year University of Notre Dame students and parents alike visit this rural Northern Indiana restaurant and after experiencing the food and charm they pass the experience down from class to class as a must while at the University. For visiting parents it is the top choice for fine dining and has even resulted in weddings on site with former students that otherwise had no familial connection to the area, and therefore were drawn by the top two quality picks for the area - University of Notre Dame and The Carriage House.

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For More Information Please Contact
Noah Davey
Senior Broker, Principal
574.485.1530
noahdavey@cressyandeverett.com

Christian Davey, CCIM/SIOR
Senior Broker, Principal
574.485.1534
christiandavey@cressyandeverett.com

http://www.cressyandeverett.com/propert ... age-house/
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Re: Club Fever and Other Businesses For Sale

Postby bdcbbq » Thu Jan 15, 2015 9:14 pm

IMO, the finest Michiana restaurant. Always a great meal and experience.
bdcbbq

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Re: Club Fever and Other Businesses For Sale

Postby JumboBurton » Sat Jan 17, 2015 9:52 pm

nnn



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Re: Club Fever and Other Businesses For Sale

Postby Happy Mom » Sun Aug 23, 2015 7:02 pm

State Theater in South Bend goes up for sale again
Owner seeks buyer or partner to take venue to next level



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State Theater is for sale in South Bend
Santiago Flores
People walk past The State theater. Owner Banko Capital of Mishawaka hopes to find a buyer or a business partner who will join the effort to renovate and reopen the historic theater on South Michigan Street.SBT Photo/SANTIAGO FLORES

Posted: Sunday, August 23, 2015 7:00 am | Updated: 9:02 am, Sun Aug 23, 2015.
Heidi Prescott

Assaf Dagan says he fell in love with The State theater when he purchased the downtown South Bend building out of foreclosure in December 2011.
And his feelings haven't changed.
In fact, Dagan recently put the theater on the market for sale because he wants a new owner, developer or business partner to take the project to the next level.
He wants to see the theater succeed.
The State theater is listed for just under $1.5 million by Bradley Co. of South Bend.
"I'm not selling it because I want to sell it," says Dagan, president of Banko Capital, which is based in Mishawaka. "I feel I did what I could to help bring it back to its glory from the past. Now we need someone local, someone in the market, to put more effort and time into it."
And he hopes to be a partner in that effort.
Dagan is selling the entire 41,865-square-foot, three-story building at 212-218 S. Michigan St., including the theater and three street-level commercial spaces rented by Idle Hours bookstore, Indiana Rug and South Bend Brew Werks.
Two upper floors contain vacant office space that also could be converted into condos or apartments that overlook Michigan Street.
"The bread and butter of the building is the theater," says John Jessen, commercial broker and director of capital markets at Bradley Co.
The State opened in 1921 as the Blackstone Theatre Vaudeville House. It was renamed The State in 1931 and operated as a movie theater before closing in 1977. The State later reopened as a nightclub and was shut down in 2005 due to foreclosure.
A year later, a nonprofit group tried to turn The State into a Christian-focused cultural arts center, but that effort also failed and the building again fell into foreclosure.
The city invested $250,000 in the theater facade and awnings, marquee and roof improvements, and a local crowdfunding campaign raised money toward restoring and lighting up the marquee.
"There is a demand in downtown for an entertainment venue. But it's going to take the right owner-operator that has the experience and resources to develop this property," Jessen says, noting that the adjacent Club Fever building has been on the market for sale since late last year. The nightclub remains open for business.
Jessen has held a handful of conversations about The State with developers locally and from other parts of Midwest, including Grand Rapids and Chicago. The State is listed on the National Register of Historic Places.
"When Assaf purchased it, it was a tough economic time," Jessen says. "Now we're in a period that is much more favorable to different buyers and there is available financing."
Dagan, who lives in Israel and spends much of his time traveling, is willing to negotiate with prospective purchasers.
"I am willing to consider any offer, including a partnership," he says.
But one of the biggest challenges for a partner or buyer is the financial investment that will be needed for renovations. A new owner would need to invest in plumbing and heating, ventilation and air-conditioning repairs, as well as other interior and exterior improvements.
Depending on the amount of restoration and extent of remodeling, Dagan estimated the project would cost between $1.5 million and $2 million.
Will someone be willing to invest that much in The State?
"It's a good question, I have to admit," says Dagan, who also owns other commercial and residential properties across the area.
It's a question that will be answered in time.
Until then, the retailers and restaurant will continue to operate as usual, and the theater will continue hosting community groups and special events.
"The State Theater has played, and continues to play, an important role in South Bend's history, providing a sense of place for many residents," Scott Ford, the city's executive director of Community Investment, offers in a statement.
"We've been pleased with the budding arts and cultural programming that has been housed at the theater in recent years," Ford says, "and we hope a buyer can be found who wants to further its cultural mission and find a new use for the building that benefits both the investor and the community."
Have you heard
Fab Forty, 621 E. LaSalle Ave., in South Bend, will celebrate a grand opening at 11 a.m. Monday. Refreshments will be provided. The boutique offers maternity and nursing wear from designers in the U.S. and around the world, as well as maternity clothes available for monthly rental. … University Park Mall in Mishawaka has two new stores for young women under construction, and two existing stores expanding. Torrid, which is owned by Hot Topic, opened a 3,000-square-foot store with plus-size apparel. Garage, an apparel shop that features laid-back separates, will open in mid-September. Victoria's Secret renovated and expanded so it could add the popular "Pink" collection. And Rue 21 is adding space by mid-October to expand its current lines and add plus-size apparel. The mall hopes to be fully leased by the holiday season. Santa is scheduled to arrive the weekend of Nov. 14.
Heidi Prescott’s column runs on Wednesdays and Sundays. Contact her at hprescott@sbtinfo.com or 574-235-6070. You can also talk retail at Facebook.com/thebasket and at Twitter.com/marketbasket. Hear her weekday reports at 6:52 a.m. and 8:52 a.m. on The WSBT Morning News with JT at WSBT-AM (960) and WSBT-FM (96.1). The Market Basket Minute airs Thursdays on the WSBT-TV "First News at 4."
http://www.southbendtribune.com/news/bu ... 61f71.html
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Re: Club Fever and Other Businesses For Sale

Postby Xenokilla » Mon Aug 24, 2015 3:03 pm

As some who was involved with the theater when it was running, Banko can choke on it. They never delivered on a single promise and screwed everyone over at every possible turn. They are scum. 1.5mil on what they bought for 50k? please.
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Re: Club Fever and Other Businesses For Sale

Postby Happy Mom » Mon Aug 24, 2015 4:24 pm

Xenokilla wrote:As some who was involved with the theater when it was running, Banko can choke on it. They never delivered on a single promise and screwed everyone over at every possible turn. They are scum. 1.5mil on what they bought for 50k? please.


I had heard the same thing but glad you said something... Thanks!
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Re: Club Fever and Other Businesses For Sale

Postby Happy Mom » Fri Apr 06, 2018 10:37 am

Many memories and good times at Club Fever
Thanks Backstagedee!




Club Fever announces closure, pending sale
South Bend Tribune Report Apr 6, 2018 Updated 1 hr ago (3)


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Club Fever announces closure
Club Fever, located at 222 S. Michigan St., announced that its last day of business will be April 12 in a Facebook post Thursday. The nightclub opened in 2005. SBT Photos/ROBERT FRANKLIN


SOUTH BEND — A nightclub operating in downtown since 2005 announced plans to close next Thursday.

Club Fever, located at 222 S. Michigan St., was originally put up for sale in December 2014 by owner Dee Davis, with an asking price of $1.79 million.

But the 38,000 square foot building still hasn’t been sold, according to records checked Thursday at the St. Joseph County auditor’s office, which said the company is still owned by D and D Downtown Properties, Davis’ company.

In an email, Davis said a sale of the building to new owners is expected to close on April 30.

The closure of Club Fever was announced Thursday afternoon on Facebook, where a post said the nightclub will close after its final night on April 12.

“Print out your favorite Fever pictures to hang on the wall,” the post read. “Doors will open at 10 p.m.”

The club replaced a country-music dance hall called Heartland when it opened in 2005, and has hosted artists like Snoop Dogg, Ted Nugent and Cheap Trick in the past.
https://www.southbendtribune.com/news/b ... 68223.html
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