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114 W Allegan Street

Otsego, MI 49078
  • $350,000
  • STATUS: Active
  • ON SITE: 84 Days
  • MLS #: 21095645
UPDATED: 31 min ago
$350,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 7,191
    SQFT
  • $49
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

School District:

Description

Opportunity to own a long standing former Antiques Mall in Southwest MI. Current owners of the business & building opened Otsego Antiques Mall on M-89 twenty five years ago. There is 7,300 sqft on the main floor & 3,500 sqft nice dry basement. Prior to that they owned Newman's Dept Store in this space since 1976. Top features include; large display windows across the whole large store facade on heavily traveled M-89 and a large municipal parking lot in back w/two back doors from the building which could be utilized. Nice space under the outside overhead for tables in the summer. Ample untapped basement space could be rented for storage. There is a large free municipal parking lot behind the store. Otsego Antiques Mall is flanked by busy Judy's Restaurant on one side which generates lots offoot traffic. Otsego Antiques Mall is sitting between Mezzo Coffee Shop on the corner and the long standing barber shop just beyond Judy's Restaurant. Space occupied by Otsego Antiques Mall was previously 3 store fronts in the center of town, so there is a wide area of street appeal and full display windows. Otsego is a Michigan Main street community. The state run project helps revitalize the older downtown business districts across the nation. Results from programs from Otsego Main Street can be seen throughout downtown. It is volunteer driven and the response from the community has been overwhelming. Slow traffic downtown has resulted in more folks deciding to stop and shop. The Kalamazoo river flows just south of the parking lot behind Otsego Antiques Mall. The Otsego Main Street program has development of the riverfront as a revitalization goal. A beautiful new outdoor pavilion is near completion by the Otsego Area Historical Museum on N. Farmer Street. Activities are being planned that will utilize this structure and bring the community to downtown events. Otsego Antiques Mall, 114 W Allegan Street, Otsego is sitting in a great spot to take advantage of future development. Now is a great time to buy this. Brand new roof takes the biggest Commercial expense off the table.

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© 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-10-19T07:00:33.41.
www.mulderteam.com/homes/119711793
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114 W Allegan Street Otsego, MI 49078

  • Price: $350,000
  • Status: Active
  • Updated: 31 min ago
  • MLS #: 21095645
0
Beds
1
Baths
0
½ Baths
0.22
Acres
7,191
SQFT
$49
$/SQFT
1920
Built
Neighborhood:
Otsego City
County:
Allegan
Area:
Otsego Township
School District:
Otsego
Property Description
Opportunity to own a long standing former Antiques Mall in Southwest MI. Current owners of the business & building opened Otsego Antiques Mall on M-89 twenty five years ago. There is 7,300 sqft on the main floor & 3,500 sqft nice dry basement. Prior to that they owned Newman's Dept Store in this space since 1976. Top features include; large display windows across the whole large store facade on heavily traveled M-89 and a large municipal parking lot in back w/two back doors from the building which could be utilized. Nice space under the outside overhead for tables in the summer. Ample untapped basement space could be rented for storage. There is a large free municipal parking lot behind the store. Otsego Antiques Mall is flanked by busy Judy's Restaurant on one side which generates lots offoot traffic. Otsego Antiques Mall is sitting between Mezzo Coffee Shop on the corner and the long standing barber shop just beyond Judy's Restaurant. Space occupied by Otsego Antiques Mall was previously 3 store fronts in the center of town, so there is a wide area of street appeal and full display windows. Otsego is a Michigan Main street community. The state run project helps revitalize the older downtown business districts across the nation. Results from programs from Otsego Main Street can be seen throughout downtown. It is volunteer driven and the response from the community has been overwhelming. Slow traffic downtown has resulted in more folks deciding to stop and shop. The Kalamazoo river flows just south of the parking lot behind Otsego Antiques Mall. The Otsego Main Street program has development of the riverfront as a revitalization goal. A beautiful new outdoor pavilion is near completion by the Otsego Area Historical Museum on N. Farmer Street. Activities are being planned that will utilize this structure and bring the community to downtown events. Otsego Antiques Mall, 114 W Allegan Street, Otsego is sitting in a great spot to take advantage of future development. Now is a great time to buy this. Brand new roof takes the biggest Commercial expense off the table.
Exterior Features

Construction Type ConcreteFrame/WoodSteel Exterior Material Aluminum SidingBlockBrickConcreteWood Siding Finished Building Levels 1.00 Lot Dimensions 0 X 0 Number Of Buildings 1.00 Road Frontage 0.00 Roofing CompositionRubber Street Type PavedPublic Waterfront No

Interior Features

Air Conditioning Central Below Grade Basement Heat Source Natural Gas Heat Type Forced Air

Property Features

Annual Property Tax 5121.00 Association Greater Kalamazoo Association Of Realtors Business Includes Other Commercial Type Retail/Commercial New Construction No Ownership Trust Sale Conditions None Sewer Public Tax Year 2020 Terms Available CashConventional Uses RetailStorage Util Avl At Street ElectricNatural GasPublic SewerStorm SewerTelephone Utilities Attached ElectricNatural GasTelephone Water Public

Listing provided courtesy of Chuck E Kinnane of Berkshire Hathaway Homeservices Michigan Real Estate. © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-10-19T07:00:33.41.
 
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