Entity Owned Property summary
The property is a 5,100-square-foot short-term rental accommodation located in New Buffalo, in the Harbor Country area (approximately 70 miles from Chicago) on a 0.45-acre lot. The listing describes it as having been operated as a fully furnished short-term rental business for more than 30 years, with the business operation historically supported by a website and reservation/booking platform, along with furnishings and decor. The location places the property near Lake Michigan beaches, shops, restaurants, Four Winds Casino, and the Amtrak station, and it is characterized as being within an active tourism corridor in Berrien County.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
GCD - General Commercial District. The GCD - General Commercial District is intended to promote a range of businesses that generate substantial traffic and serve a broad market including automotive services, marine sales…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GCD · New Buffalo, MIGCD - General Commercial District. The GCD - General Commercial District is intended to promote a range of businesses that generate substantial traffic and serve a broad market including automotive services, marine sales…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
GCD - General Commercial District. The GCD - General Commercial District is intended to promote a range of businesses that generate substantial traffic and serve a broad market including automotive services, marine sales…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GCD in New Buffalo, MI.
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