38
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$350,000
Est. payment /mo
6,941 SqFt
New
132 Brady Street Allegan, MI 49010-1313
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 6,941 sqft
Price per Sqft $50
Subdivision Mi
MLS Listing ID 70539505
Year Built 1885
Annual Tax Amount $3,013
Tax Year 2025
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions irregular
Property Sub-Type Commercial/Industrial
Property Description
Rare investment opportunity in historic downtown Allegan! Built in 1885, this iconic 2-story brick building boasts over 6,941 sq ft of versatile space and sits directly across from Mahan City Park with beautiful views of the Kalamazoo River. The main level houses the legendary 'Sherwoods Cove' bar--a downtown landmark for decades--plus an occupied 1-bedroom apartment featuring a reliable, long-term tenant. The expansive second story is a blank canvas offering incredible income potential to create multiple upper-level apartments. Capitalize on city support, as Allegan municipal offices will assist the new owner with grant applications to help fund the upstairs residential construction. The valuable liquor license is also available for separate purchase. The building is a launchpad for your hospitality, retail, service vision. Bring your business ideas and become a cornerstone of Allegan's vibrant, growing downtown community! Included and RSVD items attached
Location
State MI
County Allegan
Area Allegan (03025)
Interior
Heating Forced Air
Building
Foundation Basement
Structure Type Block,Brick,Frame,Wood
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Berkshire Hathaway HomeServices MI
Nearby Locations
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