Listing provided courtesy of Berkshire Hathaway HomeServices MI- MLS# 26029817MLS ProviderSource MLS Verified

132 Brady StreetAllegan, MI 49010

Commercial · 3 Full Baths · 6,941 Sq. ft. | 0.14 Acres
$350,000 Active

132 Brady Street Overview

Time on Site:
13 days
Visits:
1

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 At full price all contents included except for inventory and reserved items which are all stained glass, metal signs and mirrors.

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132 Brady Street Facts & Features

  • Type Commercial
  • Sq. ft. 6,941
  • Price/Sq.ft. $50
  • Lot 0.14 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1885

Location/Region

  • County Or Parish: Allegan

Tax Information

  • Tax Annual Amount: 3013.0

General Information

  • Parcel Number: 03-51-205-027-00
  • Property Sub Type: Retail
  • Property Type: Commercial Sale

Interior

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Total: 3

Building Interior

  • Building Area Total: 6941.0

General Information

  • Stories Total: 3470

Exterior

Lot Information

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Dimensions: irregular
  • Lot Size Square Feet: 6098.0
  • Lot Size Units: Acres
  • Road Surface Type: Paved

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 3
  • Utilities: Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer

132 Brady Street Neighborhood

Community

49010 (Allegan) Demographics

40
Median Age
106
Population Density (per sq. mile)
26%
College Educated
$56,158
Estimated Median Income
5,337
Estimated Total Home Owners
1,128
Estimated Total Renters
83% / 17%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

132 Brady Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

132 Brady Street Market Data

Based on the last 30 days in this zip code

$394,363
Average List Price
$207
Average Price per Square Foot
23
Properties Sold
55
Average Days on Market
193
Properties for Sale
Calculations provided by Reliance Network