Retail Suite with Kitchen
For Sale
$430,000
225 N Whittaker Street 5, New Buffalo, MI 49117
Included appliances and shelving provide a foundation for retail or food-related operations.
Property Size1,142 SF
Price / SF$376.53
Days on Market12
Property Features for 225 N Whittaker Street 5
General Information
Standard status
Active
Size
1,142 SF
Taxes and HOA fees
Annual Taxes
$6,753
Amenities
gated parking area
fitness center
swimming pools
elevator to rooftop terrace
meeting room with kitchenette
true
1
Broadband
Real Estate, Furniture, Equipment
irrg
false
Paved
1142
Building Details
Building Size
1,142 SF
Year Built
2006
Stories
1
Listing Agency:
The Shore Real Estate Group
(269) 921-7261
Listed By:
Joy Schwarting · License #6501353727
(269) 519-4777
Source:
Danhendrick.clydehendrickrealtors
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Shore Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,142-square-foot retail unit in the Bridgewater Development was built in 2006. Included business inventory comprises a commercial cooler, refrigerator, oven, kitchen equipment, and stainless steel shelving. The unit also has a private owner entrance from the development’s gated parking area.
The property is a short walk from the Amtrak station, Stray Dog, the marina district, and Lake Michigan beach. Development amenities include a fitness center, swimming pools, an elevator to the rooftop terrace, and a meeting room with a kitchenette.
The existing equipment and fixtures are suited to retail and food-related business formats, including a café, bakery, specialty market, or sandwich shop.
The property is a short walk from the Amtrak station, Stray Dog, the marina district, and Lake Michigan beach. Development amenities include a fitness center, swimming pools, an elevator to the rooftop terrace, and a meeting room with a kitchenette.
The existing equipment and fixtures are suited to retail and food-related business formats, including a café, bakery, specialty market, or sandwich shop.
Key Highlights
- 1,142‑square‑foot retail unit in the Bridgewater Development
- Business inventory includes a commercial cooler, refrigerator, oven, kitchen equipment, and stainless steel shelving
- Private owner entrance from the development’s gated parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,702
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,040
$254.0K
Cap Rate 7%
$181,457
$181.5K
Cap Rate 9%
$141,133
$141.1K
Market Conditions
NOI Build-Up for 1,142 SF
Gross rent
$17.7K $15.48/SF
− Vacancy
−$742 −$0.65/SF
EGI
$16.9K $14.83/SF
− OpEx
−$4.2K −$3.71/SF
NOI
$12.7K $11.12/SF
Area
Berrien County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,040
Cap Rate 7%
$181,457
Cap Rate 9%
$141,133
Alternative Uses
Best Use
Specialty Retail
$181.5K
$158.8K – $211.7K
NOI $12,702 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$169.4K
$148.2K – $197.6K
NOI $11,855 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$240.3K
$210.3K – $280.4K
NOI $16,821 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
506
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Included appliances and shelving provide a foundation for retail or food-related operations.
Where is this retail space located?
The property is located at 225 N Whittaker Street 5 New Buffalo, MI.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 1,142‑square‑foot retail unit in the Bridgewater Development; Business inventory includes a commercial cooler, refrigerator, oven, kitchen equipment, and stainless steel shelving; Private owner entrance from the development’s gated parking area
