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    117 E Allegan St Otsego, MI 49078

    New
    For Sale
    $1,283,000

    COMMERCIAL - Otsego, MI

    Property size:
    7,148 SF
    Lot size:
    0.33 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 117 E Allegan St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 6, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 7
    Bathrooms
    7
    APN
    54-100-048-20
    Size
    7,148 SF
    Lot size
    0.33 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    5
    Building materials
    Brick

    Jaqua Realtors (269) 381-7653 [email protected]

    Listing agent Joanne K Becker (269) 381-7653

    Listing date Dec 14, 2025

    Copyright © 2025 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant and Bar Venue

    This turn-key commercial property in Otsego, Michigan, presents a rare opportunity in the city's historic Old Town neighborhood. The sale includes the real estate, FF&E (furniture, fixtures, and equipment), a 16-stall bathroom trailer, a distillery, and a Class C liquor license. Formerly Maudes Tap House Bar & Grill and the Liquid Note Bar & Grill, this concert bar and restaurant venue offers a combination of history, character, location, and capacity. Designed for high-volume entertainment, the property can accommodate over 200 guests. The property size is 7148 square feet on a 0.33-acre lot. It is located adjacent to a city parking lot and street parking. This property is ready for its next chapter.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maude’s Taphouse Bar & Grill

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Maude’s Taphouse, Liquid Note, Jesse's Party Store

    Location Insight

    • Map
    • Local Demand
    City
    Otsego
    County
    Allegan
    State
    Michigan
    Longitude
    -85.69613
    Latitude
    42.460626

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    FAQs

    What type of property is this?
    Bar - Iconic Otsego venue with real estate, FF&E, and liquor license.
    Where is this bar located?
    The property is located at 117 E Allegan St Otsego, MI.
    What is the asking price?
    The asking price for this property is $1,283,000.
    What are key features of this property?
    This property features: - Turn-key concert bar/restaurant venue with seating for over 200 guests.; - Includes Real Estate, FF&E, 16-stall Bathroom Trailer, Distillery, and Class C Liquor License.; - Located in Otsego City's iconic Old Town neighborhood.
    (269) 381-7653
    Request Owner's contact information
    117 E Allegan St Otsego, MI 49078
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    Otsego, MI 49078
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 E Allegan St Otsego, MI 49078
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