18 W Merchant Street, New Buffalo, MI 49117 (MLS# 22008871)

18 W Merchant Street, New Buffalo, MI 49117

$1,700,000

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

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

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

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.3 Lot Square Footage: 13068 Lot Dimensions: 132 x 132 x 66 x 66 x 66 x66 Year Built: 2005 Road Frontage: 132 Total # Units: 9 # Fin Bldg Lvls: 3 Total # Bldgs: 2 Total SqFt: 7450 Property Use Type: Investment Full Baths: 10 Total Baths: 10.5 Waterfront: No Body of Water: Lake Michigan School District: New Buffalo

Tax Info

Tax ID #: 116203400139003 Taxable Value: 278000 SEV: 278000 For Tax Year: 2021 Seller's Annual Property Tax: 17291 Tax Year: 2021 Spec Assessment & Type: none known

Remarks Misc

Directions: North on Whittaker Street to West on Mechanic Street. No walk-ins. Showings by appointment only

Status Change Info

Under Contract Date: 2022-05-24 Sold Date: 2022-09-23 Sold Price: $1,700,000 Sold Price/SqFt: 228.19

Additional Details

Total Parking Spaces: 11

Waterfront Options

Water Access Y/N: Yes

Business Opportunity

Business Name: Lake Country Inn

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 Biernacki

Last Updated: September - 26 - 2022

18 W Merchant Street, New Buffalo, MI 49117- MLS# 22008871

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