5 W Madison Street New Buffalo, MI ^$ 489,000

5 W Madison Street

^$ 489,000

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5 W Madison Street

New Buffalo, MI, 49117

^$ 489,000

Studio Baths0.0 Sq 2,300

Monthly Estimate*

^$ 3,250

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Studio

Commercial Property for sale in New Buffalo, MI

for $489,000. This 2,300 square foot building was built in 1994 on a lot size of 0.4.

This is a great Commercial Building in the General Commericial district of New Buffalo. This building is situated on a double lot, 2300 sq ft layout. The building is divided into 6 individual spaces on the main level, has a reception and waiting area with cathedral ceiling, 18' x; 14' wide open workspace, kitchenette, ADA compliant bathroom and ramp access. The upper level features 3 rooms and loft area. Parking Lot has 17 spots. There's a 2+ car garage and a storage shed in back. The crawlspace is waterproofed, new roof in 2019 and new hvac in 2018. This is just minutes away from Lake Michigan, Amtrak, I-94 & Four Winds. Can be converted to a house and use as an AirB&B rental.(contact city for requirments.) It is located in a general commercial district.

Commercial Pending

Price

^$ 489,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,885

Style

Commercial/Industrial

Lot Size

0.4

Year Built

1994

Town/City

New Buffalo

County/Region

Berrien

MLS | Web ID

70396901

Features

General

Heating Forced Air

Possession At Close

Roof Composite

Water Public Water Public Water at Street

Status Pending Pending

Year Built 1994

County Berrien

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality New Buffalo

Zoning Commercial

Subdivision MI

Commercial Features Cable TV Available Electric Available

Area New Buffalo (11037)

Primary City New Buffalo

Directions South on Whittaker St. to Right onto Madison St.

City New Buffalo

Street Name Madison

Financial Terms Cash Conventional

Legal Description THE WLY 1/2 OF NLY 132' OF BLK 278 VIRGINIA ADD TO VILLAGE OF NEW BUFFALO and per title commitment

DOM 16

Postal Code 49117

Price Per Sq Ft Total 212.61

Coming Soon This is a great Commercial Building in the General Commericial district of New Buffalo. This building is situated on a double lot

Exterior

Exterior Frame Wood

Frontage 132

Lot Size Area 0.4

Lot Dimensions 132. x 132

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Peter Rahm

Listing Agent

Keller Williams Realty Swm

Broker

prahm@comcast.net

Affordability Calculator

$3,657

Per Month

Monthly Principal & Interest: $3,250
Monthly Property Taxes: $407
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in New Buffalo, MI

Average List Price ^$877,284

Percent of Sale Price 79%

About New Buffalo, MI

1,755 Population

-17% Since 2002

^$49,746 Median Income

50.62 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/27/2024	$479,000		Listed Price

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5 W Madison Street, New Buffalo, MI, 49117 is a Commercial Property for sale at $489,000 with 2,300 sqft and a lot size of 0.4. 5 W Madison Street is a studio with 0.0 baths and was built in 1994. The property's zip code is 49117 which is in New Buffalo, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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5 W Madison Street

Commercial Property for sale in New Buffalo, MI

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