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231 E Buffalo Street, New Buffalo, MI 49117 (MLS# 25059095)

$1,325,000
231 E Buffalo Street
New Buffalo, MI 49117
MLS# 25059095
5100 sqft
231 E Buffalo Street, New Buffalo, MI 49117
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Property Description
A rare opportunity in the heart of Harbor Country—this fully turnkey short-term rental business has been owned and operated for over 30 years and is now ready for its next chapter. The sale includes the entire business operation: website, client list, booking database, furnishings, and décor—making it a true walk-in investment with immediate income potential. Current NOI: $146,258Asking Price: $1,325,000Cap Rate: 11%Annual Room Revenue: $251,000 Immediate Value-Add Potential The property currently operates at roughly 44% occupancy with an average nightly rate of $226. Our proforma is based on pushing occupancy to 50%, increasing nightly rates by 30%—a highly conservative adjustment compared to competitor pricing.

Details
Maps
Location Property Info
County: Berrien
Street #: 231
Street Direction: E
Street Name: Buffalo
Suffix: Street
State: MI
Zip Code: 49117
Zip (4): 1107
Area: Southwestern Michigan - S
OfficeContract Info
Status: Active
Current Price: $1,325,000
List Price: $1,325,000
Listing Date: 2025-11-19
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.45
Lot Square Footage: 27443
Lot Dimensions: Irregular
Year Built: 1955
Road Frontage: 120
Mineral Rights: Unknown
Total # Units: 6
# Fin Bldg Lvls: 4404
# of Diff Unit Floor Plans: 6
Total # Bldgs: 3
Total SqFt: 5100
Full Baths: 6
Waterfront: No
School District: New Buffalo
Tax Info
Tax ID #: 11-62-0010-0010-07-7
Taxable Value: 138434
SEV: 384600
For Tax Year: 2024
Seller's Annual Property Tax: 6154
Tax Year: 2024
Spec Assessment & Type: None Known - BTA
Non-Conforming Use: No
Zoning: commercial
Remarks Misc
Directions: From downtown New Buffalo, head east on East Buffalo Street for about a minute and the New Buffalo Inn will be on your right
Additional Details
Total Parking Spaces: 11
Waterfront Options
Water Access Y/N: No
Unit 1
Unit Description: Guest Room
# Baths: 1
Unit 2
Unit Description: Guest room
# Baths: 1
Unit 3
Unit Description: Guest room
# Baths: 1
Unit 4
Unit Description: Guest room
# Baths: 1
Unit 5
Unit Description: Guest room
# Baths: 1
Unit 6
Unit Description: Guest room
# Baths: 1
Property Features
Uses: Professional Service; Professional/Office; Retail; Other
Ownership: LLC
Business Includes: Furniture; Real Estate
Construction Type: Block
Exterior Material: Brick; Stone
Roofing: Composition
Below Grade: Basement; Partial
Additional Features: Outdoor Storage
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: High Speed Internet; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Shared Unpaved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo; Plat Map
Docs Req Conf Agrmnt: Financials
Sale Conditions: None
Supplements
Operating successfully for over three decades, this well-established hospitality business has a loyal returning customer base and consistent year-over-year performance. With modernized management systems, strategic rate optimization, and improved marketing, a new operator can significantly boost cash flow while maintaining stable demand. Completely Turnkey Everything is included in the salethe brand, website, reservation platform, furnishings, décor, and guest database. A new owner can step in and continue operations immediately, making this a seamless transition whether you're an experienced investor or new to the hospitality space. Location Advantage New Buffalo sits at the heart of Harbor Country, one of the Midwest's most desirable vacation destinations. Just 70 miles from Chicago, the area attracts hundreds of thousands of visitors every summer, with annual tourism spending exceeding $483 million in Berrien County alone. The property is within minutes of Lake Michigan beaches, boutique shops, restaurants, Four Winds Casino, and the Amtrak stationensuring steady short-term rental demand and high seasonal occupancy.

Listing Office: Ellsbury Commercial Group

Listing Agent: Lane Moser

Last Updated: November - 19 - 2025

231 E Buffalo Street, New Buffalo, MI 49117 - MLS# 25059095

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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