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Property profile & analytics

116 Main St Buchanan, MI 49107-1455

  • Turn key restaurants
  • 2,894 SF
  • 0.06 lot acres
OFF-MARKET
Last Sale
Jan 02, 2025
$287,500
Value Estimations
$275,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-3429871
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 116 Main St

Year built
1928
Lot size
0.06 lot acres
Property size
2,894 SF
Zone code
C-3 CEN
Property type
Turn key restaurants
APN
58-0340-0004-06-3
APU
5803400004063

Description

This exceptional mixed-use property, located at 116 N Main Street in Buchanan, Michigan, presents a rare opportunity to acquire the legendary B&W Olde Village Inn. This 2,992 square foot building, constructed in 1800, is a two-story structure situated in the heart of Buchanan's National Historic District. The property boasts a C-3 zoning designation, allowing for a variety of commercial uses. Included in the sale is a Class C/SDM liquor license (pending city issuance), all equipment and fixtures, a comprehensive security system with an Apple-connected interface, a walk-in cooler, ice machine, HD compressor, ADT cameras, a point-of-sale (POS) system, and 200-amp power. The inn features five televisions, including one large curved screen TV. The second floor offers a convenient two-bedroom apartment. The property's prime location is approximately two miles west of US-31 and two miles north of US-12, offering easy access to major transportation routes. Buchanan itself is a charming small town with a rich history, a vibrant downtown area, and access to beautiful natural resources. Its proximity to South Bend, Indiana (approximately 13 miles) and Warren Dunes State Park on Lake Michigan (approximately 12 miles) adds to its appeal. This turn-key operation is ready for a new owner to continue its legacy.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $270,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $294,000
    Market price range: $241k - $665k
    AI Estimate
    $294,000
    Market price range: $241k - $665k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Buchanan
County
Berrien
State
Michigan
Longitude
-86.36
Latitude
41.8278
CBSA code
35660
CBSA name
NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,559
$0.00
$0.00
$112,000
-
$0.00
$0.00
$224,000
More about this property
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