$400,000
Otsego, MI 49078
MLS# 24009606
3388 sqft
1 / 27
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.
Details
Maps
Location & Property Info
County: Allegan
Street #: 100
Street Direction: W
Street Name: Allegan
Suffix: Street
State: MI
Zip Code: 49078
Cross Streets: Farmer & North
Property Sub-Type: Business Opportunity
Area: Greater Kalamazoo - K
Municipality: Otsego City
Office/Contract Info
Status: Active
Current Price: $400,000
List Price: $400,000
Auction or For Sale: For Sale
List Price/SqFt: 118.06
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord: 3
Trans Coord Type: %
Listing Date: 2024-02-26
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.08
Lot Square Footage: 3441
Lot Dimensions: 49x70
Year Built: 1913
Road Frontage: 49
Total # Units: 2
# Fin Bldg Lvls: 1
Total # Bldgs: 2
Total SqFt: 3388
Total Net SqFt: 3388
Property Use Type: Business
Full Baths: 3
Waterfront: No
School District: Otsego
Tax Info
Tax ID #: 54-100-017-50
Taxable Value: 131500
SEV: 131500
For Tax Year: 2023
Annual Property Tax: 8262
Tax Year: 2023
Spec Assessment & Type: None Known
Zoning: CBD
Remarks & Misc
Legal: Legal on file
Directions: From 131, head west on M-89 to property
Property Features
Property Use: Business
Uses: Bar/Tavern/Lounge; Professional/Office; Restaurant; Retail
Ownership: LLC
Business Includes: Equipment; Furniture; Licenses; Real Estate
Construction Type: Frame/Wood
Exterior Material: Brick; Stone
Roofing: Rubber
Foundation: Block
Below Grade: Basement
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at St: Broadband
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: None
Street Type: Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Listing Office: Dover Birch & Associates
Listing Agent: Rob Peterson
Last Updated: March - 13 - 2024
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