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100 W Allegan Street, Otsego, MI 49078
$400,000
100 W Allegan Street, Otsego, MI 49078View this property at 100 W Allegan Street, Otsego, MI 49078
100 W Allegan StreetOtsegoMI49078
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Property Description
Own two iconic, well-maintained buildings in the heart of downtown Otsego with a profitable coffee house/bakery. The adjoining building houses a tenant paying $1,000/month but could become expansion space for the coffee house. Updates include chimney, 2023; roof, 2022; kitchen expansion, 2020; fresh paint inside and out. Ample free parking nearby, and great exposure on M-89 with over 15,000 cars/day. Grow the existing business by expanding the menu, catering, more indoor & outdoor seating, and events. Or start something new: sandwich shop, specialty foods, deli, etc. Sale includes furniture, fixtures, equipment, retail beer & wine license, recipes, name, and all branding; building and business available separately. Current owners are willing to stay on to help with the transition.
Full Property Details
Full Property Details for 100 W Allegan St
General
- Price: $400,000
- Taxes: $8,262
- Status: Active
- Type: Business
- MLS ID: 24009606
- Updated: 4/2/2024
- Added to Site: 60 day(s) ago
Business
- Business Type: Professional/Office, Restaurant, Bar/Tavern/Lounge, R
Interior
- Number of Fireplaces: 2
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Location
- Area: Greater Kalamazoo - K
- County: Allegan
- Cross Streets: Farmer & North
- Driving Directions: From 131, head west on M-89 to property
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Broadband Available, Natural Gas Connected, Electric Connected, Cable Connected
Structural Information
- # Buildings: 2
- Construction: Brick, Stone
- Foundation: None, Block
- Roof: Rubber
- Stories/Levels: 1
- Square Feet: 3,388
- Year Built: 1913
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,441
- Lot Dimensions: 49 x 70
- Zoning: CBD
Financial Considerations
- Tax Amount: $8,262
- Terms: Conventional, Cash
Disclosures and Reports
- Ownership: LLC
- Legal Description: Legal on file
- Property ID: 54-100-017-50
Listed by Dover Birch & Associates, Rob Peterson
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Schools
Schools serving 100 W Allegan St
School District:Otsego Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
550 Washington St, Otsego, MI 49078 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 100 W Allegan St
Date
Details
Price
Change
Source
2/28/2024
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 100 W Allegan St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,926
—
$83,000
—
2022
$4,926
34%
$82,800
2%
2020
$3,663
100%
$81,400
100%
2019
-100%
-100%
2019
$3,601
2%
$78,900
17%
2018
$3,522
100%
$67,600
13%
2016
100%
$59,900
9%
2016
—
$55,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 100 W Allegan St
100 W Allegan Street, Otsego, MI 49078 (MLS# 24009606) is a Business property. 100 W Allegan Street is currently listed for $400,000 and was received on February 28, 2024. Want to learn more about 100 W Allegan Street? Do you have questions about finding other Business real estate for sale in Otsego? You can browse all Otsego real estate or contact a Coldwell Banker agent to request more information.