Historic Downtown Bar and Apartment
For Sale
$350,000
132 Brady Street, Allegan, MI 49010
COMMERCIAL - Allegan, MI
Property Size6,941 SF
Lot Size0.14 Acres
Price / SF$50.43
Days on Market47
Property Features for 132 Brady Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C1 CBD
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Basement
Elementary school district
Allegan
Middle school district
Allegan
High school district
Allegan
Directions
From the south, M-89 into Allegan east on to Hubbard Street, south onto Brady
Standard status
Active
APN
03-51-205-027-00
Size
6,941 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
see attached
Tax Annual Amount
3013
Legal Description
see attached
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1885
Number of units
3
Building materials
Brick
Listing Agency:
Berkshire Hathaway HomeServices MI
(269) 673-3030
Listed By:
Cheri S Schulz · License #6502136063
(269) 720-4735
Added: Jun 16
Changed: Jul 25
Last Checked: Aug 1 at 7:06PM
MLS# 26029817
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Built in 1885, this iconic two-story brick building offers versatile space for hospitality and residential use. The main level includes the legendary “Sherwoods Cove” bar and an occupied 1-bedroom apartment with a long-term tenant in place. The expansive second story is currently a blank canvas, providing space that can be finished for additional upper-level residential units.
The property is located directly across from Mahan City Park and offers views of the Kalamazoo River. The building presents an established downtown presence with an operating bar component on the ground floor.
For buyers or operators, the mix of an income-producing bar and an occupied apartment can support multi-use plans while retaining flexibility upstairs for future residential development. City support is referenced in the form of municipal assistance with grant applications to help fund upstairs residential construction. A valuable liquor license is also available for separate purchase. Included items and reserve items are described as attached, with the note that inventory and reserved items exclude certain stained glass, metal signs, and mirrors.
The property is located directly across from Mahan City Park and offers views of the Kalamazoo River. The building presents an established downtown presence with an operating bar component on the ground floor.
For buyers or operators, the mix of an income-producing bar and an occupied apartment can support multi-use plans while retaining flexibility upstairs for future residential development. City support is referenced in the form of municipal assistance with grant applications to help fund upstairs residential construction. A valuable liquor license is also available for separate purchase. Included items and reserve items are described as attached, with the note that inventory and reserved items exclude certain stained glass, metal signs, and mirrors.
Key Highlights
- 1885 brick, 2‑story building with 6,941+ SF of versatile space
- Main level includes the Sherwoods Cove bar and an occupied 1‑bedroom apartment with a long‑term tenant
- Expansive second story offers a blank canvas for additional upper‑level residential units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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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 - Built in 1885, this brick property combines a ground-floor bar with an occupied apartment and a flexible upper level.
Where is this bar & pub located?
The property is located at 132 Brady Street 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: 1885 brick, 2‑story building with 6,941+ SF of versatile space; Main level includes the Sherwoods Cove bar and an occupied 1‑bedroom apartment with a long‑term tenant; Expansive second story offers a blank canvas for additional upper‑level residential units
