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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

$350,000

Est. payment - /mo

3 Baths

6,941 SqFt

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Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 6,941 sqft

Price per Sqft $50

MLS Listing ID 66026029817

Year Built 1885

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type BusinessandRealEstate

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!

Location

State MI

County Allegan

Area Area86142Allegan

Rooms

Basement Common Storage Locker, Full

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Paved

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected

View Y/N No

Building

Foundation Basement

Sewer Public Sewer, Storm Drain

Water Public

New Construction No

Schools

School District Allegan

Others

Ownership Trust

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Cheri S Schulz of Berkshire Hathaway HomeServices MI

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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132 Brady ST Allegan City, MI 49010

Chollie Houghtaling

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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132 Brady ST