Property Type:
Commercial Sale
Baths:
10.5
Square Footage:
7,450
Lot Size (sq. ft.):
13,068
Status:
Sold
Current Price:
$2,200,000
List Date:
3/19/2022
Last Modified:
9/26/2022
18 W Merchant Street, New Buffalo, MI 49117
$1,700,000
Description
This well established and successful Inn is located in the heart of downtown New Buffalo, just steps to the finest specialty shops, restaurants, marina and public beach access. The Inn boasts nine distinctly decorated bedrooms, each with an on-suite, tv and refrigerator. Some Suites offer an outdoor deck, sitting-room or fireplace. The kitchenette and gathering room located on the main floor as well as the large size back deck with views of the 4 Season Room, outdoor patio and backyard have been enjoyed by all guests during their stay. The bright and open 4 Season room which sits separately from the Inn is surrounded by glass doors letting natural light in. In cooler weather cozy up and enjoy the warmth from the gas log fireplace. Enjoy the large backyard or grab a chair and relax at the
Supplements: outdoor patio. This Inn comes with its own gated parking lot for 11. It is being offered as "turn-key" including all furnishings. This is a great business opportunity! THE INN IS SHOWN BY APPOINTMENT ONLY AS TO NOT DISTURB THE GUESTS.
More Information MLS# 22008871
Location & Property Info
Cross Streets: Whittaker Street
Property Sub-Type: Business Opportunity
Municipality: New Buffalo City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 295.3
Prop Avail for Lease?: No
Current Bldg Use: Inn
General Property Info
New Construction: No
Lot Dimensions: 132 x 132 x 66 x 66 x 66 x66
Road Frontage: 132
Waterfront: No
Body of Water: Lake Michigan
Total # Units: 9
Total # Bldgs: 2
# Fin Bldg Lvls: 3
Total SqFt: 7450
Property Use Type: Investment
School District: New Buffalo
Lot Measurement: Acres
Lot Acres: 0.3
Lot Square Footage: 13068
Year Built: 2005
Full Baths: 10
Total Baths: 10.5
Tax Info
Taxable Value: 278000
SEV: 278000
For Tax Year: 2021
Seller's Annual Property Tax: 17291
Tax Year: 2021
Homestead %: 0
Spec Assessment & Type: none known
Tax ID #: 116203400139003
Remarks & Misc
Legal: As legal of record. Two tax codes. One for Inn and one for parking lot
Status Change Info
Sold Price/SqFt: 228.19
Under Contract Date: 2022-05-24
Sold Date: 2022-09-23
Sold Price: $1,700,000
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 0
Water Type
Lake: 1
Water Fea. Amenities
All Sports: 1
Public Access 1 Mile or Less: 1
Additional Details
Total Parking Spaces: 11
Street Type
Paved: 1
Public: 1
Property Use
Investment: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Other: 1
Construction Type
Block: 1
Frame/Wood: 1
Exterior Material
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
Basement: 1
Full: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Equipment: 1
Furniture: 1
Inventory: 1
Additional Features
Barrier Free: 1
Foundation
Block: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Driveway
Asphalt: 1
Docs Req Conf Agrmnt
Financials: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Business Opportunity
Business Name: Lake Country Inn
Possession
Close Of Escrow: 1
Location Property Info
County: Berrien
Street #: 18
Street Direction: W
Street Name: Merchant
Suffix: Street
State: MI
Zip Code: 49117
Zip (4): 49117
Area: Southwestern Michigan - S
OfficeContract Info
Status: Sold
Current Price: $1,700,000
List Price: $2,200,000
Listing Date: 2022-03-18
Remarks Misc
Directions: North on Whittaker Street to West on Mechanic Street. No walk-ins. Showings by appointment only
Property Features
Property Use: Investment
Water Type: Lake
Uses: Other
Ownership: LLC
Business Includes: Equipment; Furniture; Inventory
Construction Type: Block; Frame/Wood
Exterior Material: Other
Foundation: Block
Below Grade: Basement; Full
Additional Features: Barrier Free
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Financials
Sale Conditions: None
Possession: Close Of Escrow
Listing Office:
Berkshire Hathaway HomeServices Chicago
Listing Agent:
Betty M Biernacki
Last Updated: September - 26 - 2022
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
