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

18 W Merchant Street, New Buffalo, MI 49117

$1,700,000

Bedroom #4 Aqua Marine Room - Main Floor

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

Overview

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.

Listing Details 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

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
Homestead %: 0

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/SqFt: 228.19

More Information

Additional Details

Total Parking Spaces: 11

Waterfront Options

Water Access Y/N: Yes
Water Frontage: 0

Business Opportunity

Business Name: Lake Country Inn

Location & Property Info

Cross Streets: Whittaker Street
Property Sub-Type: Business Opportunity
Area: Southwestern Michigan - S
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

Remarks & Misc

Legal: As legal of record. Two tax codes. One for Inn and one for parking lot

Water Type

Lake: Yes

Water Fea. Amenities

All Sports: Yes
Public Access 1 Mile or Less: Yes

Street Type

Paved: Yes
Public: Yes

Property Use

Investment: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Other: Yes

Construction Type

Block: Yes
Frame/Wood: Yes

Exterior Material

Other: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

Basement: Yes
Full: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Equipment: Yes
Furniture: Yes
Inventory: Yes

Additional Features

Barrier Free: Yes

Foundation

Block: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Driveway

Asphalt: Yes

Docs Req Conf Agrmnt

Financials: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

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

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