Historic Two-Story Brick Bar
For Sale
$350,000
132 Brady St, Allegan, MI 49010
Two-story brick building with a downstairs bar, occupied apartment, and second-floor space across from Mahan City Park.
Property Size6,941 SF
Price / SF$50.43
Days on Market43
Property Features for 132 Brady St
General Information
Standard status
Active
Size
6,941 SF
Property subtype
Commercial
Additional Details
Multifamily Units
1
Building Details
Year Built
1885
Stories
2
Listing Agency:
berkshire hathaway home services michigan real estate
(269) 720-4735
Listed By:
Cheri S Schulz · License #6502136063
(269) 720-4735
Source:
Elliman
Added: Jun 20
Changed: Jul 10
Last Checked: Aug 1 at 12:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of berkshire hathaway home services michigan real estate
Investment Insights
Based on property information with market context.
Built in 1885, this iconic two-story brick building offers over 6,941 sq ft of versatile space. The main level includes the long-running “Sherwoods Cove” bar and an occupied 1-bedroom apartment with a long-term tenant. The expansive second story is currently a blank canvas, offering the framework to create multiple upper-level apartments, subject to applicable approvals. The liquor license is also available for separate purchase.
Located in historic downtown Allegan at 132 Brady St, the property sits directly across from Mahan City Park and offers views of the Kalamazoo River. Public remarks also note bikeScore of 22 (somewhat bikeable) and walkScore of 27 (car-dependent).
For buyers and operators, the existing mix of bar space and residential unit can support a hospitality-forward plan while providing an immediate income-producing component through the occupied apartment. The second-floor layout is designed for an ownership vision that adds additional apartments upstairs. Public remarks further indicate Allegan municipal offices will assist the new owner with grant applications to help fund the residential construction on the upper level.
Located in historic downtown Allegan at 132 Brady St, the property sits directly across from Mahan City Park and offers views of the Kalamazoo River. Public remarks also note bikeScore of 22 (somewhat bikeable) and walkScore of 27 (car-dependent).
For buyers and operators, the existing mix of bar space and residential unit can support a hospitality-forward plan while providing an immediate income-producing component through the occupied apartment. The second-floor layout is designed for an ownership vision that adds additional apartments upstairs. Public remarks further indicate Allegan municipal offices will assist the new owner with grant applications to help fund the residential construction on the upper level.
Key Highlights
- Built in 1885, 2‑story brick building with over 6,941 sq ft of versatile space
- Main level includes the Sherwoods Cove bar and an occupied 1‑bedroom apartment
- Second story offers open space for potential upper‑level apartment layout
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 17%
Home Improvements & Furnishings 2%
Shell
Shops & Services
5,401 visits/mo
0.2 miles
Sunoco
Shops & Services
3,211 visits/mo
0.2 miles
Huntington Bank
Shops & Services
2,722 visits/mo
0.1 miles
Pizza Hut
Dining
2,431 visits/mo
0.1 miles
Andy's Ace Hardware
Home Improvements & Furnishings
219 visits/mo
0.3 miles
Demographics for 49010, MI
18,183
Population
7,222
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
93%
High-School Grad
156.6 sq mi
ZIP Area
116
Density / Sq Mi
$72,361
Median Household Income
$42,133
Median Earnings
$1,061
Median Rent
$204,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Schaendorf Brewing Company — 420 Water St, Allegan, MI 49010
- Sherwood's Cove — 132 Brady St, Allegan, MI 49010
- West Egg Lounge — 335 Monroe St, Allegan, MI 49010
- Club Car — Allegan, MI 49010
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two-story brick building with a downstairs bar, occupied apartment, and second-floor space across from Mahan City Park.
Where is this bar & pub located?
The property is located at 132 Brady St Allegan, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Built in 1885, 2‑story brick building with over 6,941 sq ft of versatile space; Main level includes the Sherwoods Cove bar and an occupied 1‑bedroom apartment; Second story offers open space for potential upper‑level apartment layout
