310 E Buffalo St - Restaurant FOR SALE


New Buffalo, MI 49117
$980,000 USD
574-993-0226
310 E Buffalo St, New Buffalo, MI for Sale
$980,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

310 E Buffalo St
New Buffalo, MI 49117


HIGHLIGHTS

  • Class C & Specially Designated Merchant Liquor License
  • Former Restaurant & Office
  • Prime Location

OVERVIEW

Prime Investment Opportunity in the Heart of New Buffalo: Seize this exceptional opportunity to own a nearly one-acre property at 310 E Buffalo Street, New Buffalo, MI 49117. This versatile offering includes a 3,346 sq ft restaurant and an 860 sq ft office space, both poised for development or immediate use. The property comes with active, in-escrow, and transferable Class C (on-premises) and Specially Designated Merchant (off-premises) liquor licenses, enhancing its potential for a thriving hospitality venture.? Strategic Location: Situated just steps from Whitaker Street and the pristine shores of Lake Michigan, this property offers unparalleled access to New Buffalo's vibrant downtown and waterfront attractions. Market Highlights: Robust Real Estate Growth: As of March 2025, the median home sold price in New Buffalo reached $662,000, marking a 14.6% increase from the previous year. This upward trend underscores the area's growing appeal and investment potential. ? Thriving Tourism Sector: New Buffalo serves as a gateway to Michigan's Harbor Country, attracting visitors with its sandy beaches, wineries, and vibrant arts scene. The area's popularity ensures a steady influx of tourists, providing a solid customer base for hospitality businesses. ? Proximity to Major Markets: Located approximately 70 miles from downtown Chicago, New Buffalo benefits from its accessibility to a large metropolitan population, enhancing its appeal as a weekend getaway and boosting local commerce. ? Investment Potential: This property's combination of substantial land area, existing structures, and transferable liquor licenses presents a unique opportunity for investors and entrepreneurs. Whether developing a new hospitality concept or expanding an existing portfolio, 310 E Buffalo Street stands as a promising asset in a flourishing market.

FOR SALE DETAILS

PRICE

$980,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Development Opportunity in New Buffalo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

C

APN/PARCEL ID

11-62-0010-0010-04-2

ASK ABOUT THIS PROPERTY

Joey AtkinsAt Home Realty GroupMore Info
574-993-0226

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Joey AtkinsAt Home Realty GroupMore Info
574-993-0226

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.