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    Live-Work Commercial Property Title is generated by Realmo AI

    1 S Griffith Street, New Buffalo, MI 49117

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    Claim this Listing
    For Sale
    $585,800

    COMMERCIAL - New Buffalo, MI

    Type:Office
    Property size:
    2,708 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $216/SF
    Added:
    Feb 17, 2026
    Days on Market:
    118
    Last Refresh:
    Jun 15 at 6:06 pm

    Property Features for 1 S Griffith Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    10
    Interior features
    Broadband
    Standard status
    Active
    APN
    11-62-8200-0084-00-2
    Size
    2,708 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Meters and Bounds Per Title Work
    Tax Annual Amount
    3360

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1966
    Number of units
    2
    Building materials
    Aluminum Siding
    Roof type
    Composition

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    Listing Contact
    Elena A Oelke
    Elena A Oelke

    Listing agent Elena A Oelke License #6502348783

    Listing office Prestige Properties and Professionals Southwest Michigan R.E. 3101 Lake Shore Dr, St. Joseph, MI

    Listing date Feb 17, 2026

    MLS# 26005803

    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

    • Prime location in the heart of Harbor Country, New Buffalo.
    • Multi‑functional space suitable for business and residence.
    • Ample parking available.
    • Close proximity to Lake Michigan, marinas, dining, and wine trails.
    • Easy access to major transportation routes (Red Arrow, US 12, I‑94).
    • Convenient access to Chicago and South Bend (via car or Amtrak).

    Overview

    This for-sale live-work commercial property is configured to combine a residence with flexible business space. The home includes three bedrooms, a kitchen, living and dining areas, and three total bathrooms. In addition to the residence, the property offers multi-functional space that can be used by an owner-operator or leased to others, including the option to lease all spaces.

    The property is located in New Buffalo and described as having plenty of parking. The listing also notes the location as minutes to Lake Michigan and marinas, and provides convenient regional access via Red Arrow, US 12, and nearby I-94. It is also cited as being serviced by an Amtrak New Buffalo train with service to Chicago.

    For buyers looking for a combination of living and working under one ownership structure, the layout supports an owner using the residence while operating a business from the additional space, or generating income by leasing all areas. With parking on-site and a property designed for multiple uses, it can be a practical fit for a creative owner or a tenant seeking a mixed-use arrangement in Harbor Country.

    Local Financial Insights For Office B

    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 $46.1k $17.04
    − Vacancy −$6.4k −$2.35
    EGI $39.8k $14.69
    − OpEx −$9.9k −$3.67
    NOI $29.8k $11.02
    2,708 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $426.2K
    $372.9K – $497.2K (±1% cap)
    NOI $29,832 @ 7.0% cap · market cap 5.09%
    Second Best
    Retail
    $401.6K
    $351.4K – $468.5K (±1% cap)
    NOI $28,111 @ 7.0% cap · market cap 4.80%
    Theoretical Best
    Office A
    $569.8K
    $498.6K – $664.8K (±1% cap)
    NOI $39,888 @ 7.0% cap · market cap 6.81%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Buffalo
    County
    Berrien
    State
    Michigan
    Longitude
    -86.734747
    Latitude
    41.797622

    FAQs

    What type of property is this?
    Live-work space - Own a multi-use property with on-site residence and business space, supported by ample parking in New Buffalo.
    Where is this live-work space located?
    The property is located at 1 S Griffith Street New Buffalo, MI.
    What is the asking price?
    The asking price for this property is $585,800.
    What are key features of this property?
    This property features: Prime location in the heart of Harbor Country, New Buffalo.; Multi‑functional space suitable for business and residence.; Ample parking available.
    More about this property
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