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Home18 W Merchant Street, New Buffalo, MI 49117...
$2,200,000
18 W Merchant Street
New Buffalo, MI 49117
MLS# 22008871
Status: Sold
10.5 baths  |  7450 sqft
18 W Merchant Street, New Buffalo, MI 49117
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18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117 18 W Merchant Street, New Buffalo, MI 49117

Property 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

Details
Maps
Location & Property Info
County: Berrien
Street #: 18
Street Direction: W
Street Name: Merchant
Suffix: Street
State: MI
Zip Code: 49117
Zip (4): 4911
Cross Streets: Whittaker Street
Property Sub-Type: Business Opportunity
Area: Southwestern Michigan - S
Municipality: New Buffalo City
Office/Contract Info
Status: Sold
Current Price: $1,700,000
List Price: $2,200,000
Auction or For Sale: For Sale
List Price/SqFt: 295.3
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 1.75
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2022-03-18
Current Bldg Use: Inn
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
Legal: As legal of record. Two tax codes. One for Inn and one for parking lot
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
Water Fea. Amenities: All Sports; Public Access 1 Mile or Less
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
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
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
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 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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