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!

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Listed by Cheri S Schulz of Berkshire Hathaway HomeServices MI

 "Based on information submitted to Realcomp as of June 17, 2026 7:44 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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