132 Brady StreetAllegan, MI 49010

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 a 1-bedroom apartment that has always been easy to rent. 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 list document attached At full price all contents included except for inventory and reserved items which are all stained glass, metal signs and mirrors.

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1885

Building area

6,941 Sq Ft

Lot size

0.14 acres

Lot dimensions

irregular

Ownership

Private Owned

Days on market

111

MLS^® Listing#

26029817

Property Features

Cooling

Central Air

Heating

Natural Gas · Forced Air

Parking

Paved

Construction

Brick · Block · Frame

Utilities

Natural Gas Available · Natural Gas Connected · Electricity Connected · Cable Connected

Sewer

Public Sewer

Water source

Public

Schools

District

Allegan

Financial Details

Annual taxes

$3,013Tax year 2026

Assessed value

$49,421

Parcel number

03-51-205-027-00

Directions

From the south, M-89 into Allegan east on to Hubbard Street, south onto Brady