231 E. Buffalo St, New Buffalo, MI 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: $1,700,000Cap Rate: 8.6%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—and converting the existing spa into two additional one-bedroom units. With these simple operational improvements, NOI could approach six figures in additional income potential.