New Buffalo Commercial
801 W Buffalo Street, New Buffalo, MI 49117
COMMERCIAL - New Buffalo, MI
Type:Retail
Property size:
2,450 SFLot size:
0.34 AcresPrice / SF:
$183/SF- Added:
- Apr 27, 2024
- Days on Market:
- 750
- Last Refresh:
- May 16 at 3:06 pm
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 agent Louis Price License #6506040617 (269) 469-3950
Listing office Coldwell Banker Realty 10 N Whittaker St., Northbrook, MI (269) 469-3950
Listing date Apr 27, 2024
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.
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.
- Most restaurant equipment is owned by the sellers.
- Zoned retail commercial, allowing for various business types beyond food service.
- Equipped with a large walk‑in cooler and efficient kitchen floorplan.
Overview
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.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$302.8K
NOI $27,250 @ 9.00% cap · cautious / downside scenario
Moderate
$389.3K
NOI $27,250 @ 7.00% cap · market / base-case scenario
Aggressive
$545.0K
NOI $27,250 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| 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 Use Scenarios
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Restaurants
Location Insight
- Map
- Local Demand
- City
- New Buffalo
- County
- Berrien
- State
- Michigan
- Longitude
- -86.734331
- Latitude
- 41.797787
Nearby Similar for Sale
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.
