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    Allegan, MI
    Conventional Restaurant

    Allegan, MI Conventional Restaurants for Sale

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    Michigan Center, MI Otsego, MI Gobles, MI Hopkins, MI Bloomingdale, MI Pullman, MI Fennville, MI Hamilton, MI
    Iconic Restaurant and Banquet Venue
    Updated: Apr 2
    Iconic Restaurant and Banquet Venue

    1071 32nd Street, Allegan, MI 49010

    $2,900,000
    35,880 sqft 22.30 AC lot
    Historic property built in 1836 featuring a restaurant (The Grill House) plus an adjacent banquet and catering space (The Silo)
    22.3 acres of grounds with a stocked pond and gazebo
    Construction materials include concrete and wood siding; roof is metal
    Heating is forced air and cooling is central air
    Water source is a well and sewer is a septic tank
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    Historic Restaurant with Banquet Space
    Updated: Apr 2
    Historic Restaurant with Banquet Space

    Allegan, MI 49010

    $2,900,000
    35,880 sqft 22.30 AC lot
    35,880‑square‑foot restaurant property with adjacent banquet and catering facility
    The Grill House features a grill‑your‑own steakhouse dining concept
    The Silo accommodates weddings, community events, and catering functions
    Property includes 22.3 acres of grounds
    Stocked pond and gazebo included on site
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Allegan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Remodeled Restaurant with Equipment
    Remodeled Restaurant with Equipment

    5610 109th Avenue, Pullman, MI 49450

    $264,900
    1,080 sqft 0.17 AC lot

    Restaurant property with updated improvements, commercial kitchen equipment, septic service, and included rear land.

    View details
    Renovated Mixed-Use Storefront
    Renovated Mixed-Use Storefront

    113 N Farmer Street, Otsego, MI 49078

    $425,000
    3,420 sqft

    Renovated brick-and-stone property combines a restaurant-ready kitchen with an upstairs residential unit and nearby public parking.

    View details
    Turnkey Restaurant with Seating
    Turnkey Restaurant with Seating

    113 N Farmer Street, Otsego, MI 49078

    $425,000
    3,420 sqft

    Turnkey restaurant with a full kitchen, seating for 65–70, and a nearby city parking lot close to entrances.

    View details
    Remodeled Restaurant with Equipment
    Remodeled Restaurant with Equipment

    5610 109th Avenue, Pullman, MI 49450

    Contact for pricing
    1,080 sqft

    Remodeled restaurant with newer equipment and a septic drain system, plus an included partially remodeled adjacent building.

    View details

    Allegan, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Allegan, MI on our real estate platform. These investment opportunities span a total of 71,760 square feet of properties for sale, with an estimated market value of $5,800,000.

    Sale prices for conventional restaurants in Allegan, MI average $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Conventional restaurants 2

    Demographics Overview

    Population 18K
    Population Growth (5Y) +4.5%
    Median Household Income $72,361
    College Educated 22.7%

    High-Yield Neighborhoods for Investment

    Identify Allegan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49010 $2.9M

    Taxes & Financing

    Tax Rate (average for all types) 3.99%
    Property Tax per SF $66.02 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Allegan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Allegan County

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