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Tim Sova

[email protected] +1(810) 844-2316

$ 1,325,000

Est. payment -/mo

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231 E Buffalo ST New Buffalo, MI 49117

6 Baths

5,100 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 5,100 sqft

Price per Sqft $259

MLS Listing ID 69025059095

Year Built 1955

Property Sub-Type BusinessandRealEstate

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 decor--making it a true walk-in investment with immediate income potential.Current NOI: $146,258Asking Price: $1,325,000Cap Rate: 11%Annual Room Revenue: $251,000Immediate Value-Add PotentialThe 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.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, d??cor, 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.

Location

State MI

County Berrien

Area Area94192Newbuffalo

Rooms

Basement CommonStorageLocker, Partial

Interior

Heating ForcedAir, NaturalGas

Cooling CentralAir

Exterior

Parking Features SharedDriveway, Unpaved

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected

Waterfront Description AllSportsLake, PublicLake

View Y/N No

Roof Type Composition

Building

Foundation Basement, PartialBasement

Sewer PublicSewer, StormDrain

Water Public

New Construction No

Schools

School District Newbuffalo

Others

Ownership LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Lane Moser of Ellsbury Commercial Group

Tim Sova

Broker Associate

+1(810) 844-2316

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Brighton, MI

Tim Sova

231 E Buffalo ST New Buffalo, MI 49117

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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231 E Buffalo ST