Live-Work Commercial
For Sale
$585,800
1 S Griffith Street, New Buffalo, MI 49117
COMMERCIAL - New Buffalo, MI
Property Size2,708 SF
Lot Size0.21 Acres
Price / SF$216.32
Days on Market164
Property Features for 1 S Griffith Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
GCD
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
10
Interior features
Broadband
Elementary school district
New Buffalo
Middle school district
New Buffalo
High school district
New Buffalo
Directions
Red Arrow Hwy South towards New Buffalo to Property or I-94 exit to either New Buffalo exit to property
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
Legal Description
Meters and Bounds Per Title Work
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
Listing Agency:
Prestige Properties and Professionals Southwest Michigan R.E.
(269) 932-1200
Listed By:
Elena A Oelke · License #6502348783
(269) 325-9090
Added: Feb 17
Changed: Jul 5
Last Checked: Jul 31 at 5:06AM
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Prime location in the heart of Harbor Country, New Buffalo.
- Multi‑functional space suitable for business and residence.
- Ample parking available.
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
NOI $29,832 @ 7.0% cap · market cap 5.09%
Second Best
Retail
$401.6K
$351.4K – $468.5K
NOI $28,111 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$569.8K
$498.6K – $664.8K
NOI $39,888 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 49117, MI
3,710
Population
3,790
Households
1
Avg Household Size
54
Median Age
46%
College-Educated
96%
High-School Grad
19.0 sq mi
ZIP Area
195
Density / Sq Mi
$75,268
Median Household Income
$48,056
Median Earnings
$749
Median Rent
$448,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
