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Listed price in listed location currency (USD).
$1,325,000

0611

MLS® 25059095

  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $6,154
Days Active 16
Approx. Age 1955
MLS® Number 25059095

Property Address: 231 E Buffalo St, New Buffalo, MI, 49117-1107

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number25059095
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1955
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Real Estate, Furniture

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 19, 2025List Date
$1,325,000List Price
  • Commute

Commute

Starting Address
Destination Address
231 E Buffalo St, New Buffalo, MI

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