$325,000
Buchanan, MI 49107
MLS# 24007342
1 baths | 2992 sqft
1 / 10
Property Description
Great opportunity to own the Legendary B&W Olde Village Inn, located in the National Historic District of downtown Buchanan. Comes with kitchen equipment & fixtures. Building has security system, Apple Computer tied to all security, Walk-in cooler, ice machine, HD compressor, ADT camera throughout, POS system, 200 amp. 1 large curve TV, with a total of 5 TV's. The 2nd floor has a 2-bedroom apartment currently vacant. Last rental was for $850/month.
Details
Maps
Documents
Location & Property Info
County: Berrien
Street #: 116
Street Name: Main
Suffix: Street
State: MI
Zip Code: 49107
Zip (4): 1455
Cross Streets: E Front Street & E Dewey Stree
Property Sub-Type: Business Opportunity
Area: Southwestern Michigan - S
Municipality: Buchanan City
Ownership Type: Private Owned
Office/Contract Info
Status: Active
Current Price: $325,000
List Price: $325,000
Auction or For Sale: For Sale
List Price/SqFt: 108.62
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-02-13
Current Bldg Use: Bar/Tavern, Restaurant & Upper Apartment Rental
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.05
Lot Square Footage: 2376
Lot Dimensions: 27x88
Year Built: 1800
Road Frontage: 27
Mineral Rights: Unknown
Total # Units: 2
# Fin Bldg Lvls: 2
Total # Bldgs: 1
Total SqFt: 2992
Property Use Type: Business
Full Baths: 3
Total Baths: 1
Waterfront: No
School District: Buchanan
Tax Info
Tax ID #: 115803400004063
Taxable Value: 114000
SEV: 114000
For Tax Year: 2022
Annual Property Tax: 6558.75
Tax Year: 2023
Spec Assessment & Type: N/A
Remarks & Misc
Legal: THE N 10' OF THE W 88' OF LOT 4 & TH S 17' OF THE W 88' OF LOT 5 ORIGINAL PLAT OF THE CITY OF BUCHANAN
Directions: In the City of Buchanan take Front Street to Main Street and turn North on Main to property on right hand side.
Additional Details
Total Parking Spaces: 6
SqFt Information
Rentable Other SqFt: 1446
Waterfront Options
Water Access Y/N: No
Business Opportunity
Business Description: Bar/Tavern/Lounge
Business Name: B & W Olde Village
Property Features
Property Use: Business; Investment
Uses: Bar/Tavern/Lounge; Restaurant; Other
Ownership: LLC
Business Includes: Equipment; Furniture; Inventory; Licenses; Real Estate
Construction Type: Block; Frame/Wood
Exterior Material: Block; Brick; Stone; Vinyl Siding; Wood Siding
Roofing: Rubber
Below Grade: Basement; Full
Additional Features: Security System
Tenant Pays All: Electric
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Natural Gas; Public Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete; Shared Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Other
Docs Req Conf Agrmnt: Financials
Sale Conditions: None
City Resolution-Acquire Liquor License 
Listing Office: Cressy Commercial Real Estate
Listing Agent: James Ringler
Last Updated: February - 29 - 2024
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