Hillsdale alum moves investment firm into former Mancuso’s building

Home City News Hillsdale alum moves investment firm into former Mancuso’s building

The vacant building at 101 Hillsdale St., formerly Mancuso’s Pizza-n-Subs, was recently sold to become a very different kind of business: an Edward Jones investment firm.

Darin Spieth of Spieth & Satow Auctions & Appraisers sold the property and said the property has been for sale for about four months. It is the third Edward Jones in the city.

John Waldvogel, the financial advisor at Edward Jones and Hillsdale College ’91 graduate, purchased the property because he wanted to move from his rented building on West Carleton Road to a quieter and more permanent building.

“Because our business model is built around one-on-one client relationships, accessibility is a key component to our ability to serve individual investors,” Waldvogel said.

Waldvogel said that Edward Jones has been in Hillsdale for more than 30 years. He began his work in Hillsdale in 1998 and continues his relationship with the college.

“As a student I didn’t realize how much Hillsdale had to offer by way of small town living,” he said.

Director of Hillsdale Economic Development Mary Wolfram said businesses like John Waldvogel’s are good for Hillsdale.

“The fact that we have three Edward Jones’ is probably a good indication: that means there’s enough people investing or that have funds to invest,” Wolfram said.

“He’s probably open for all the professors and Dr. Arnn to come down and invest money,” Spieth said.

The building has switched back and forth through the years from ice cream shops to investment firms. Before Mancuso’s, which was open for four years, it was an investment company, and before that, a Dairy Queen.

According to Spieth, the news is not exactly what people were hoping for.

“They’re hoping its an ice cream place or a taco place or something else for the college but it’s none of the above,” Spieth said.

Wolfram said she is happy with the news and the fact that it forms another relationship between the city and college.

“This is the perfect picture for me. We would love every Hillsdale College student to stay and start a business,” Wolfram said. “And we would love for all those businesses to stay and buy a building. Overall, it is a positive for Hillsdale.”