Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant and Retail Opportunity Title is generated by Realmo AI

    801 W Buffalo Street, New Buffalo, MI 49117

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Restaurant with retail shop and outdoor patio for sale.

    Type:Commercial/Industrial
    Property size:
    2,450 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $183/SF
    Added:
    Mar 11, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 6 at 3:57 am

    Property Features for 801 W Buffalo Street

    General Information

    Standard status
    Active
    Size
    2,450 SF
    Lot size
    0.34 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Louis Price
    Louis Price

    Listing agent Louis Price License #6506040617

    Listing office Coldwell Banker Realty

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Coldwell Banker Realty

    HighLights

    • Established restaurant space (currently Jackies Restaurant) with existing customer base.
    • Includes both indoor dining area and outdoor patio.
    • Attached retail shop provides additional income potential or business diversification.
    • Most restaurant equipment is owned by the sellers.
    • Features a large walk‑in cooler and efficient kitchen floorplan.
    • Zoned retail commercial, allowing for a variety of business types beyond food service.

    Overview

    This property in New Buffalo presents a commercial opportunity. Currently operating as Jackie's Restaurant and catering, the property features a clean and cozy dining area, complemented by outdoor patio seating. An attached retail shop provides additional business potential. The kitchen area includes a large walk-in cooler and an efficient floor plan. The building is zoned retail commercial, allowing for diverse business uses beyond food service. The retail area features display cases suitable for various products. The property offers the potential to expand operating hours to include dinner service or introduce pizza offerings. The building size is 2450 square feet.

    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 (±1% cap)
    NOI $27,250 @ 7.0% cap · market cap 6.06%
    Second Best
    Retail
    $363.3K
    $317.9K – $423.9K (±1% cap)
    NOI $25,433 @ 7.0% cap · market cap 5.65%
    Theoretical Best
    Office A
    $515.5K
    $451.1K – $601.5K (±1% cap)
    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

    Conventional restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Buffalo
    County
    Berrien
    State
    Michigan
    Longitude
    -86.7343
    Latitude
    41.7978

    Nearby Similar for Sale

    • $620,000
      2,708 SF

      Mixed-Use Property in New Buffalo

      Mixed-use property with residence in Harbor Country, New Buffalo.
      1 S Griffith Street, New Buffalo, MI 49117
      View Details
    • $3,999,999
      5,622 SF

      Brewery with Panoramic Nature Preserve Views

      Brewery in New Buffalo with indoor/outdoor seating and nature preserve views.
      17684 US-12, New Buffalo, MI 49117
      View Details
    • $29,999

      New Buffalo Marina Slip For Sale

      41' marina slip with amenities near Lake Michigan.
      366 Peninsula, New Buffalo, MI 49117
      View Details
    • $590,000

      New Buffalo Triplex Opportunity

      Income-producing triplex in New Buffalo near downtown and beach.
      121 E Michigan Street, New Buffalo, MI 49117
      View Details
    • $450,000

      New Buffalo Restaurant and Retail

      Restaurant and retail space in New Buffalo, Michigan for sale.
      801 W Buffalo St, New Buffalo, MI 49117
      View Details
    • $408,500
      1,500 SF

      COMMERCIAL - New Buffalo, MI

      427 S Whittaker Street, New Buffalo, MI 49117
      View Details
    • $750,000
      8,500 SF

      Former Catering Hall For Sale

      8,500 SF catering hall with 48 parking spots.
      17760 Behner Road, New Buffalo, MI 49117
      View Details
    • $620,000

      Mixed-Use Property in Harbor Country

      Mixed-use property with residence in stellar New Buffalo location.
      1 S Griffith St, New Buffalo, MI 49117
      View Details
    • $43,000

      Harbor Landing Boat Slip

      43' boat slip in gated Harbor Landing condominium association.
      84 Harbor Landing, New Buffalo, MI 49117
      View Details
    • $249,000

      New Buffalo Multi-Unit Investment

      Multi-unit property near downtown New Buffalo's beach and amenities.
      5 N Eagle Street, New Buffalo, MI 49117
      View Details
    • $1,400,000
      2,964 SF

      Downtown New Buffalo Commercial Property

      Fully leased commercial property in New Buffalo's downtown core.
      2 N Whittaker Street, New Buffalo, MI 49117
      View Details
    • $450,000
      2,450 SF

      New Buffalo Commercial Opportunity

      Restaurant and retail property in New Buffalo, Michigan for sale.
      801 W Buffalo Street, New Buffalo, MI 49117
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant with retail shop and outdoor patio for sale.
    Where is this conventional 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 (currently Jackies Restaurant) with existing customer base.; Includes both indoor dining area and outdoor patio.; Attached retail shop provides additional income potential or business diversification.
    (269) 469-3950
    We can help!
    Listing Contact
    Louis Price
    Louis Price
    Real Estate License ID: 6506040617
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    801 W Buffalo Street, New Buffalo, MI 49117
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!