116 Main St Buchanan, MI 49107-1455
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-3 CEN · Buchanan, MIBuchanan. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.