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New Buffalo Inn 231 E Buffalo St
6 Room Hotel New Buffalo, MI 49117 $1,595,000 ($265,833/Room)
Investment Highlights
- center of downtown New Buffalo, MI
- jetted tubs, kitchenettes for extended stays, manicured grounds, hot tub, and fire pit
- hotel with a separate spa building
Property Facts
| Price | $1,595,000 | Building Size | 6,766 SF |
| Price Per Room | $265,833 | No. Rooms | 6 |
| Sale Type | Investment | No. Stories | 2 |
| Sale Conditions | Business Value Included | Year Built | 1955 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.77/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.63 AC |
| Price | $1,595,000 |
| Price Per Room | $265,833 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 6,766 SF |
| No. Rooms | 6 |
| No. Stories | 2 |
| Year Built | 1955 |
| Tenancy | Single |
| Parking Ratio | 1.77/1,000 SF |
| Corridor | Interior |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
About 231 E Buffalo St , New Buffalo, MI 49117
Business Opportunity in the City of New Buffalo! Successful Short Term Rental Property with 6/7 units. Also includes an additional building (currently used as a spa) that has 3 bedrooms/1 full bath. The main building was built in 1950 for a local professional and features sprinkles of art deco, gas log fireplaces in all but one unit, large jetted/jacuzzi tubs, kitchenettes for extended stays, manicured grounds, hot tub, firepit area, outdoor decking, ample parking, private and communal gathering spaces, vaulted ceilings, sky lights, individual heating/cooling controls and 1 unit even has a sauna. Located near the center of town, supermarket, shoppes, restaurants, Amtrak Station, Lake Michigan Public Beach, Four Winds, Parks, Pickleball and Tennis Courts, and All things Harbor Country.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 6 | $165.00 | - |
PROPERTY TAXES
| Parcel Number | 11-62-0010-0010-07-7 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $251,800 |
PROPERTY TAXES
Learn More About Investing in Hospitality Properties
Presented by
ReMax-New Buffalo
New Buffalo Inn | 231 E Buffalo St
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