Properties for sale in Michigan

Overview

Description

Fully leased multi-tenant commercial property located in the heart of downtown New Buffalo's primary retail and professional corridor. The building consists of approximately 2,964 square feet across three suites with established professional tenants in place, offering stable income at an approximate 6.6% cap rate.Positioned on the corner of W Buffalo Street and N Whittaker Street, the property benefits from strong visibility, a central corner location, and consistent traffic along one of the area's most active commercial corridors, located within New Buffalo's active downtown core.The location is supported by Harbor Country tourism and proximity to the greater Chicago market, contributing to sustained demand for downtown commercial space. Lease terms extend through 2028-2029.

Location Property Info

County: Berrien
Street #: 2
Street Direction: N
Street Name: Whittaker
Suffix: Street
State: MI
Zip Code: 49117
Zip (4): 1127

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.19
Lot Square Footage: 8293
Lot Dimensions: 129*64
Year Built: 2014
Road Frontage: 193
Total # Units: 3
# Fin Bldg Lvls: 2964
Total # Bldgs: Yes
Total SqFt: 2964
Full Baths: 3
Waterfront: No
School District: New Buffalo

Tax Info

Tax ID #: 11-62-0340-0246-00-4
Taxable Value: 194443
SEV: 376000
For Tax Year: 2024
Seller's Annual Property Tax: 8644
Tax Year: 2024
Spec Assessment & Type: UNKNOWN
Homestead %: 0

Remarks Misc

Directions: Red Arrow Hwy to Whittaker St, south to Buffalo St. Property located on the corner of W Buffalo St and N Whittaker St.

Additional Details

Total Parking Spaces: 10

More Information

Unit 1

SqFt: 988

Unit 2

SqFt: 988

Unit 3

SqFt: 988

Location & Property Info

Cross Streets: N Whittaker and W Buffalo
Property Sub-Type: Office
Municipality: New Buffalo City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 472.33
Prop Avail for Lease?: No

Remarks & Misc

Public Remarks: Fully leased multi-tenant commercial property located in the heart of downtown New Buffalo's primary retail and professional corridor. The building consists of approximately 2,964 square feet across three suites with established professional tenants in place, offering stable income at an approximate 6.6% cap rate.Positioned on the corner of W Buffalo Street and N Whittaker Street, the property benefits from strong visibility, a central corner location, and consistent traffic along one of the area's most active commercial corridors, located within New Buffalo's active downtown core.The location is supported by Harbor Country tourism and proximity to the greater Chicago market, contributing to sustained demand for downtown commercial space. Lease terms extend through 2028-2029.
Legal: LOT 6 BLK 21 VILL PLAT OF NEW BUFFALO

Street Type

Paved: Yes
Public: Yes

Property Use

Investment: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Professional/Office: Yes

Construction Type

Frame/Wood: Yes

Exterior Material

Brick: Yes
Stone: Yes
Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Docs at List Office

Aerial Photo: Yes

Business Includes

Real Estate: Yes

Foundation

Slab: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Phone Available: Yes

Driveway

Asphalt: Yes
Paved: Yes

Docs Req Conf Agrmnt

Financials: Yes
Leases: Yes
Rent Roll: Yes

Purchase Terms Avail

Cash: Yes
Other: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Property Features

Property Use: Investment Uses: Professional/Office Ownership: LLC Business Includes: Real Estate Construction Type: Frame/Wood Exterior Material: Brick; Stone; Vinyl Siding Roofing: Composition Foundation: Slab Below Grade: None Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Asphalt; Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Other Docs at List Office: Aerial Photo Docs Req Conf Agrmnt: Financials; Leases; Rent Roll Sale Conditions: None Possession: Close Of Escrow; Subject To Tenant Rights

2 N Whittaker Street, New Buffalo, MI 49117