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Jenn Smart

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132 Brady , Allegan, MI 49010
$350,000
Est. Payment: $1,823.90/mo
0 Bed
0 Bath
6941 Sqft
Status: active | Days on site: 69
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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

Highlights

Listed by Cheri Schulz , Berkshire Hathaway HomeServices MI , (269) 673-3030. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.14

Year Built

1885

County

Allegan

Area

Allegan (03025)

Listing ID

70539505

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:6941

Exterior Features

Lot Dimensions:irregular
Sewer:Storm
Principal Interest
$1,824
Taxes
$251

Home Price

$350,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$70,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,823.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,823.90 $251.08 $0.00 $2,074.98
Yearly $21,886.78 $3,013.00 $0.00 $24,899.78
Total $656,603.53 $90,390.00 $0.00 $746,993.53
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Allegan, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T01:10:54.300Z

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