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
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
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