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Property profile & analytics
OFF-MARKET
Turn key restaurants

116 Main St Buchanan, MI 49107-1455

2,894 SF 0.06 ac lot Built 1928
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US43-3429871
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1928
Total area 2,894 SF
Lot 0.06 ac (2,396 SF)
Zoning code C-3 CEN
APN 58-0340-0004-06-3
UPID US43-3429871
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Beyond The Build LLC · 1 yrs held
Beyond The Build LLC
since 2025
Last sale
$287,500
5 recorded transactions
2025
$287,500
2022
$275,000
2018
$170,000
2015
$95,000
2013
Price N/A
Zoning & alternative use
C-3 CEN · Buchanan, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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