Mixed-Use Building with Rear
85 W Chippewa Street, Buffalo, NY 14202
For Sale
New
$1,325,000
CommercialSale, Buffalo, NY
Property Size7,160 SF
Lot Size0.07 Acres
Price / SF$185.06
Days on Market1
Property Features for 85 W Chippewa Street
General Information
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Middle school district
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Additional Details
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Building Details
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Buildings
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Suzanne Tomasello · License #10401239235
(716) 605-1545
Added: Nov 6
Last Checked: Nov 6 at 9:06PM
MLS# B1727597
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 85 W. Chippewa Street, this 7,160-square-foot mixed-use property combines a first-floor bar and restaurant with four apartments above. The commercial space is leased, and the five-unit property is fully occupied. A fenced rear patio provides outdoor space. Improvements include a replacement roof, refreshed exterior, and conversion of unfinished third-floor space into two apartments.
Located in Buffalo’s Chippewa Entertainment District, the property is near restaurants, nightlife, hotels, offices, and downtown attractions. The site encompasses 0.0686 acres and is zoned N1C. Built in 1910, the brick building has natural gas forced-air heating, central air conditioning, and a public sewer connection.
Located in Buffalo’s Chippewa Entertainment District, the property is near restaurants, nightlife, hotels, offices, and downtown attractions. The site encompasses 0.0686 acres and is zoned N1C. Built in 1910, the brick building has natural gas forced-air heating, central air conditioning, and a public sewer connection.
Key Highlights
- 7,160‑square‑foot mixed‑use building with a first‑floor bar and restaurant and four apartments
- Five income‑producing units; 100% occupancy
- Fenced rear patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,097
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,641,940
$1.6M
Cap Rate 7%
$1,172,814
$1.2M
Cap Rate 9%
$912,189
$912.2K
Market Conditions
NOI Build-Up for 7,160 SF
Gross rent
$120.3K $16.80/SF
− Vacancy
−$10.8K −$1.51/SF
EGI
$109.5K $15.29/SF
− OpEx
−$27.4K −$3.82/SF
NOI
$82.1K $11.47/SF
Area
Buffalo, NY
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,641,940
Cap Rate 7%
$1,172,814
Cap Rate 9%
$912,189
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,097 @ 7.0% cap · market cap 6.20%
Second Best
Mixed Use
$1.10M
$966.6K – $1.29M
NOI $77,328 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,529 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,745
Businesses Nearby
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Business Placement
Demographics for 14202, NY
3,850
Population
2,452
Households
1.6
Avg Household Size
38
Median Age
45%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
4,278
Density / Sq Mi
$47,990
Median Household Income
$36,936
Median Earnings
$709
Median Rent
$495,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Buffalo, NY
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased ground-floor bar and restaurant occupies the building beneath four residential apartments.
Where is this mixed-use property located?
The property is located at 85 W Chippewa Street Buffalo, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 7,160‑square‑foot mixed‑use building with a first‑floor bar and restaurant and four apartments; Five income‑producing units; 100% occupancy; Fenced rear patio
