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231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
231 E Buffalo Street
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$1,325,000

231 E Buffalo Street

6 Baths 5,100 Sq.Ft.

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: $251,000

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, decor, 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

231 E Buffalo Street, New Buffalo, MI 49117

Status

For Sale

Property Amenities

Interior
Full Bathrooms: 6
Other Interior Features Broadband
Area & Lot
Total area 5,100 Sq.Ft.
Lot Area 0.63 Acres
Living area 5,100 Sq.Ft.
MLS® ID 25059095
Year Built 1955
School District New Buffalo
Type Commercial
Status For Sale
Exterior
Stories 4404
Air conditioning Central Air
Heat type Forced Air
Roof Composition
Utilities Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Finance
Sales Price $1,325,000
Real Estate Tax $6,154 yearly
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 231 E Buffalo Street, New Buffalo, MI 49117. We are reviewing your request and will be in touch shortly!

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Harbor Country

Harbor Country offers activities for everyone in all seasons.

Work With Us

Don't miss out on the unparalleled expertise and personalized service offered by Chad Gradowski and the ChooseChad Team. Whether you're buying or selling a home, trust the #1 Real Estate Agent in Southwest Michigan to guide you towards success. Contact Chad today to make your real estate goals a reality.