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… Read More 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 Read Less
Courtesy of Berkshire Hathaway HomeServices MI.
Listing Snapshot
Days Online
8
Last Updated
Property Type
Commercial/Industrial
Square Ft.
6,941
Lot Size
0.14 Acres
Year Built
1885
MLS Number
70539505
Additional Details
Property Access
City/County, Paved Street
Amenities
Furniture
Building
6,941 square feet, Built in 1885
Exterior Features
Block, Brick, Frame, Wood
Foundation
Basement
Heating
Forced Air, Natural Gas
Lot
0.14 acres, Lot size: irregular
Property
Bar/Tavern, Office, Restaurant, Retail
Sewer
Storm
Taxes
Total amount: $3,013, Year: 2025
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