Individually Owned Property summary
The property is a multi-unit building in the beach town of New Buffalo, Michigan, located on the lakeside of Red Arrow and within a few blocks of downtown New Buffalo’s beach, shops, restaurants, and harbors, and under one mile from New Buffalo elementary school. It sits on a 0.23-acre lot and contains three units: (1) a two-story front unit with two bedrooms and one bathroom, (2) an upper-level studio, and (3) a main-level back unit with one bedroom and one bathroom. The building is in a commercially zoned area, and the configuration provides flexibility for uses such as short-term rental or a work-live arrangement, with the option to continue operating as long-term rentals.
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
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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
The rate is the decision lever; valuation is the consequence.
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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