231 E Buffalo St New Buffalo, MI 49117

Property Details for 231 E Buffalo St

Lot size

0.63 lot acres

Property size

4,404 SF

Zone code

GCD

Property type

Hotels

APN

62-0010-0010-07-7

APU

6200100010077

Description

This exceptional mixed-use property in New Buffalo, Michigan, presents a lucrative investment opportunity. The 5,100 square foot property, situated on a 0.63-acre lot (APN 11-62-0010-0010-07-7), comprises two buildings constructed in 1955. The main building, originally built for a local professional, boasts eight rental units (nine keys total), each featuring unique amenities such as gas log fireplaces (except one unit), jetted tubs, kitchenettes, and individual heating/cooling controls. One unit even includes a private sauna. Architectural details include Art Deco elements, vaulted ceilings, and skylights. The property also includes a second building currently used as a spa, offering three bedrooms and one full bath, expanding the potential rental income or providing additional owner accommodations. Outdoor amenities are plentiful, featuring manicured grounds, a hot tub, a firepit area, outdoor decking, and ample parking. The property's central location offers easy access to local amenities, including a supermarket, shops, restaurants, the Amtrak station, Lake Michigan's public beach, Four Winds Casino, parks, and recreational facilities. This successful short-term rental operation is ideally positioned within 65 miles of Chicago, ensuring a strong and consistent stream of potential guests. The property's high occupancy rate and strong cash flow make it an attractive investment for discerning buyers seeking a profitable venture in a desirable location.

Location Insight

City

New Buffalo

County

Berrien

State

Michigan

Longitude

-86.7401

Latitude

41.7953

CBSA code

35660

CBSA name

NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments