400-412 E Buffalo St

Retail-Commercial for Sale
Catylist Listing ID: 30426265
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 3,660 SF
Gross Building Area: See Agent
Gross Land Area: 1.08 Acres
Sale Price: $900,000
Unit Price: $245.90 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2019

Overview / Comments

The portfolio consists of 5 parcels totaling approximately 1+ Acre. Located in close proximity to the downtown and recreational areas of New Buffalo, Michigan. Less than 4 blocks away from Lake Michigan. The portfolio is currently has year round rentals and is ideally situated for conversion into Summer Season rentals. The Portfolio has land for two more Holiday rentals to be developed. Other possibilities include a complete redevelopment of the site.

Additional Details

Nearest MSA: Niles-Benton Harbor
County: Berrien
Taxing Authority: City of New Buffalo
Tax ID/APN: 62-1150-0007-01-8
Zoning: GCD - GENERAL COMMERCIAL DISTRICT
Retail Clientele: General, Tourist
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Property Condition: Good
Legal Description: On file.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,155 4,269 7,201
Median Age: 46.48 50.12 51.03
Households: 540 1,958 3,314
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