231, Buffalo, New Buffalo, MI, 49117
- 6 baths
Basics
- Date added: Added 2 hours ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 6
- Lot size: 0.45 sq ft
- Year built: 1955
- Bathrooms Full: 6
- Lot Size Acres: 0.45 acres
- Business Type: Other, Professional/Office, Professional Service, Retail
- County: Berrien
- MLS ID: 25059095
Description
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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. 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.
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Location
- 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
Building Details
- Building Area Total: 5100 sq ft
- Number Of Units Total: 6
- Construction Materials: Brick, Stone
- Heating: Forced Air
- StoriesTotal: 4404
- Building Features: Outdoor Storage
- Roof: Composition
- Number Of Buildings: 3
Amenities & Features
- Parking Total: 11
- Inclusions: Real Estate, Furniture
- Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
- Interior Features: Broadband
- Cooling: Central Air
Fees & Taxes
- Tax Assessed Value: $138,434
- Tax Year: 2024
- Tax Annual Amount: $6,154
School Information
- High School District: New Buffalo
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: S Norton St
- Listing Terms: Conventional, Cash