231 E Buffalo Street New Buffalo, MI ^$ 1,325,000

231 E Buffalo Street

^$ 1,325,000

Back to search

Recently Listed

231 E Buffalo Street

New Buffalo, MI, 49117

^$ 1,325,000

Bedrooms-- Baths-- Sq 5,100

Monthly Estimate*

^$ 8,266

231 E Buffalo Street, New Buffalo, MI 49117 - Image 1

231 E Buffalo Street, New Buffalo, MI 49117 - Image 2

231 E Buffalo Street, New Buffalo, MI 49117 - Image 3

231 E Buffalo Street, New Buffalo, MI 49117 - Image 4

231 E Buffalo Street, New Buffalo, MI 49117 - Image 5

231 E Buffalo Street, New Buffalo, MI 49117 - Image 6

231 E Buffalo Street, New Buffalo, MI 49117 - Image 7

231 E Buffalo Street, New Buffalo, MI 49117 - Image 8

231 E Buffalo Street, New Buffalo, MI 49117 - Image 9

231 E Buffalo Street, New Buffalo, MI 49117 - Image 10

231 E Buffalo Street, New Buffalo, MI 49117 - Image 11

231 E Buffalo Street, New Buffalo, MI 49117 - Image 12

231 E Buffalo Street, New Buffalo, MI 49117 - Image 13

231 E Buffalo Street, New Buffalo, MI 49117 - Image 14

231 E Buffalo Street, New Buffalo, MI 49117 - Image 15

231 E Buffalo Street, New Buffalo, MI 49117 - Image 16

231 E Buffalo Street, New Buffalo, MI 49117 - Image 17

231 E Buffalo Street, New Buffalo, MI 49117 - Image 18

231 E Buffalo Street, New Buffalo, MI 49117 - Image 19

231 E Buffalo Street, New Buffalo, MI 49117 - Image 20

231 E Buffalo Street, New Buffalo, MI 49117 - Image 21

231 E Buffalo Street, New Buffalo, MI 49117 - Image 22

231 E Buffalo Street, New Buffalo, MI 49117 - Image 23

231 E Buffalo Street, New Buffalo, MI 49117 - Image 24

231 E Buffalo Street, New Buffalo, MI 49117 - Image 25

231 E Buffalo Street, New Buffalo, MI 49117 - Image 26

231 E Buffalo Street, New Buffalo, MI 49117 - Image 27

231 E Buffalo Street, New Buffalo, MI 49117 - Image 28

231 E Buffalo Street, New Buffalo, MI 49117 - Image 29

231 E Buffalo Street, New Buffalo, MI 49117 - Image 30

231 E Buffalo Street, New Buffalo, MI 49117 - Image 31

231 E Buffalo Street, New Buffalo, MI 49117 - Image 32

231 E Buffalo Street, New Buffalo, MI 49117 - Image 33

231 E Buffalo Street, New Buffalo, MI 49117 - Image 34

231 E Buffalo Street, New Buffalo, MI 49117 - Image 35

231 E Buffalo Street, New Buffalo, MI 49117 - Image 36

231 E Buffalo Street, New Buffalo, MI 49117 - Image 37

231 E Buffalo Street, New Buffalo, MI 49117 - Image 38

231 E Buffalo Street, New Buffalo, MI 49117 - Image 39

231 E Buffalo Street, New Buffalo, MI 49117 - Image 40

231 E Buffalo Street, New Buffalo, MI 49117 - Image 41

231 E Buffalo Street, New Buffalo, MI 49117 - Image 42

231 E Buffalo Street, New Buffalo, MI 49117 - Image 43

231 E Buffalo Street, New Buffalo, MI 49117 - Image 44

231 E Buffalo Street, New Buffalo, MI 49117 - Image 45

231 E Buffalo Street, New Buffalo, MI 49117 - Image 46

231 E Buffalo Street, New Buffalo, MI 49117 - Image 47

231 E Buffalo Street, New Buffalo, MI 49117 - Image 48

231 E Buffalo Street, New Buffalo, MI 49117 - Image 49

231 E Buffalo Street, New Buffalo, MI 49117 - Image 50

231 E Buffalo Street, New Buffalo, MI 49117 - Image 51

231 E Buffalo Street, New Buffalo, MI 49117 - Image 52

231 E Buffalo Street, New Buffalo, MI 49117 - Image 53

231 E Buffalo Street, New Buffalo, MI 49117 - Image 54

Commercial Property for sale in New Buffalo, MI

for $1,325,000. This 5,100 square foot building was built in 1955 on a lot size of 0.45.

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.

Commercial Active

Price

^$ 1,325,000

Property Type

Commercial

Taxes

^$ 6,154

Style

Business

Lot Size

0.45

Year Built

1955

Town/City

New Buffalo

County/Region

Berrien

MLS | Web ID

70505745

Features

General

Heating Forced Air

Roof Composite

Status Active Active

Year Built 1955

Parking 11-20 Spaces

County Berrien

Class COM/IND/BUS OPP

Type Business

Ownership LLC

Municipality New Buffalo

Zoning Commercial

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Commercial Features Furniture Outside Storage

Area New Buffalo (11037)

Primary City New Buffalo

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

City New Buffalo

Financial Terms Cash Conventional

Legal Description Per Title

DOM 14

Postal Code 49117

Price Per Sq Ft Total AG 259.8

Public Remarks

Exterior

Exterior Block Brick Stone

Frontage 120

Lot Size Area 0.45

Lot Dimensions Irregular

Water Features All Sports Lake

Roads City/County Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Lane Moser

Listing Agent

Ellsbury Commercial Group

Broker

lane@ellsburygroup.com

Affordability Calculator

$8,779

Per Month

Monthly Principal & Interest: $8,266
Monthly Property Taxes: $513
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in New Buffalo, MI

Average List Price ^$1,029,219

Percent of Sale Price 22%

About New Buffalo, MI

1,755 Population

-17% Since 2002

^$49,746 Median Income

50.62 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/19/2025	$1,325,000		Listed Price

Map

More homes like this one

homes for you

See all

231 E Buffalo Street, New Buffalo, MI, 49117 is a Commercial Property for sale at $1,325,000 with 5,100 sqft and a lot size of 0.45. 231 E Buffalo Street was built in 1955. The property's zip code is 49117 which is in New Buffalo, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

231 E Buffalo Street

Commercial Property for sale in New Buffalo, MI

Affordability Calculator

Map

More homes like this one

Get more info about this home