New Buffalo Commercial
801 W Buffalo Street New Buffalo, MI 49117
801 W Buffalo Street, New Buffalo, MI, 49117
$450,000
For Sale
Under Contract
$450,000
COMMERCIAL - New Buffalo, MI
Property Size2,450 SF
Lot Size0.34 Acres
Price / SF$183.67
Days on Market816
Property Features for 801 W Buffalo Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Standard status
- Active Under Contract
- APN
- 11-62-8200-0373-09-8
- Size
- 2,450 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- pt of blk 373 virginia ad to vill of ne w buffalo com at int of sly ln of buffalo st with wly ln oh chicago st th s27de
- Tax Annual Amount
- 3755
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Composition
Listing Agency
Coldwell Banker Realty
(269) 469-3950
10 N Whittaker St., Northbrook, MI
Listed by
Louis Price · License #6506040617
(269) 469-3950
Added: Apr 27, 2024 Updated: Apr 15 at 10:49 am Checked: Jul 21 at 4:06 am
MLS# 24020403
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in New Buffalo, Michigan, presents a wonderful opportunity. Currently operating as Jackie's Restaurant and catering, the property features a clean and cozy dining area inside, complemented by patio dining outside. An attached retail shop adds to the property's versatility. Most of the restaurant equipment is owned by the sellers, and a large walk-in cooler is conveniently located off the kitchen area. The work area has an efficient floor plan. The current tenant maintains a neat and clean environment. There is potential to expand the hours of operation to include dinner service or to introduce pizza offerings. The retail area and display cases offer creative possibilities for various products, as the building is zoned retail commercial and not limited to food. The property has a size of 2450 square feet and is situated on a 0.34-acre lot.
Key Highlights
- Established restaurant space (Jackie's Restaurant) with existing catering business.
- Includes both indoor dining area and outdoor patio.
- Features an attached retail shop offering diverse business opportunities.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $15.48 |
| − Vacancy | −$1.6k | −$0.65 |
| EGI | $36.3k | $14.83 |
| − OpEx | −$9.1k | −$3.71 |
| NOI | $27.2k | $11.12 |
2,450 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$389.3K
$340.6K – $454.2K
NOI $27,250 @ 7.0% cap · market cap 6.06%
Second Best
Retail
$363.3K
$317.9K – $423.9K
NOI $25,433 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$515.5K
$451.1K – $601.5K
NOI $36,088 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Restaurant and retail property in New Buffalo, Michigan for sale.
Where is this restaurant located?
The property is located at 801 W Buffalo Street New Buffalo, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Established restaurant space (Jackie's Restaurant) with existing catering business.; Includes both **indoor dining area and outdoor patio**.; Features an attached retail shop offering diverse business opportunities.
