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Listing provided courtesy of Chuck Jaqua, REALTOR- MLS# 25061870MLS Provider

117 E Allegan StreetOtsego, MI 49078

Commercial · 7 Full Baths · 7,148 Sq. ft. | 0.33 Acres
$1,283,000 Active

117 E Allegan Street Overview

Time on Site:
197 days
Visits:
3

Sale includes Real Estate, FF&E, a16 stall Bathroom Trailer, brewery, Class C Liquor License with four serving locations, as well as a large hospitality suite and office space. This TURN KEY opportunity in the City of Otsego is a Concert Venue with two stages & Restaurant with a huge selection of 69 taps in its three keg coolers. Formerly home to Maudes Tap House and the Liquid Note. Liquid Note also hosts its own brewery serving its beers at all locations. These well maintained storefront properties offer a rare combination of history, character, location and capacity. With seating for over 200 guests inside Maude's and Liquid note, and 1200 people in its outdoor space, it is designed for high-volume entertainment. Adjacent to a city parking lot as well as other parking lots and Street parking. This turn-key property is ready for its next chapter as the owners after 12 successful years have now retired.

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117 E Allegan Street Facts & Features

  • Type Commercial
  • Sq. ft. 7,148
  • Price/Sq.ft. $179
  • Lot 0.33 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1950

Location/Region

  • County Or Parish: Allegan
  • MLS Area Major: Greater Kalamazoo - K
  • MLS Area Minor: Greater Kalamazoo - K

Tax Information

  • Tax Annual Amount: 10807.0

General Information

  • Parcel Number: 54-100-048-20
  • Property Sub Type: Business
  • Property Type: Commercial Sale

Interior

Beds/Baths

  • Bathrooms Full: 7
  • Bathrooms Total: 7

Building Interior

  • Building Area Total: 7148.0

General Information

  • Stories Total: 1

Exterior

Lot Information

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Dimensions: 162' x 90'
  • Lot Size Square Feet: 14580.0
  • Lot Size Units: Acres

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 5
  • Utilities: Phone Available,Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer

117 E Allegan Street Neighborhood

Community

49078 (Otsego) Demographics

40
Median Age
200
Population Density (per sq. mile)
23%
College Educated
$57,797
Estimated Median Income
2,924
Estimated Total Home Owners
765
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

117 E Allegan Street Monthly Cost

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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

117 E Allegan Street Market Data

Based on the last 30 days in this zip code

$317,591
Average List Price
$180
Average Price per Square Foot
7
Properties Sold
51
Average Days on Market
70
Properties for Sale
Calculations provided by Reliance Network