For Sale
132 Brady Street, Allegan, MI 49010
$350,000
MLS # 26029817 (Michigan Regional Information Center (MichRIC))
3 bathsBuilt 18850.14 acres
1 / 38
Listing 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
Source: SparkMLS
About this home
Located in Allegan Township in Allegan, this property offers 3-bath, with original construction dating to 1885.
Currently offered at $350,000.
Estimated annual property tax: $3,013, or about $251 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeRetail
Bathrooms3
Lot Size0.14 acres
Year Built1885
Location
CityAllegan
MunicipalityAllegan City
Zip Code49010
CountyAllegan
School DistrictAllegan
Construction & Systems
ConstructionBrick
HeatingForced Air
UtilitiesNatural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Sale & Financing
Listed6/16/2026
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$3,013
Tax Year2026
Assessed Value$49,421
Parcel #03-51-205-027-00
Source: SparkMLS
Legal Description
see attached
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Cheri S Schulz
Berkshire Hathaway HomeServices MI
Frequently Asked Questions about 132 Brady Street, Allegan, MI 49010
What school district is 132 Brady Street, Allegan, MI 49010 in?
Per MLS# 26029817, this property is served by Allegan. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 132 Brady Street, Allegan, MI 49010?
Per MLS# 26029817, the seller has indicated this property accepts the following financing types: Conventional, Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26029817, the most recent reported annual property tax for 132 Brady Street, Allegan, MI 49010 is $3,013 (2026). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 132 Brady Street, Allegan, MI 49010 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 132 Brady Street, Allegan, MI 49010 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Michigan Gas Utilities Corporation. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Allegan City police department or the Allegan County sheriff's office.
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Monthly payment$2,270
Principal & interest$2,270
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
132 Brady Street, Allegan, MI 49010
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Municipality
Allegan Township
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