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116 Main Street Buchanan, MI $ 315,000
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$ 315,000 Get more info
116 Main Street
$ 315,000
Back to search
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116 Main Street

Buchanan, MI, 49107
$ 315,000
Baths3.0

Monthly Estimate*

$ 2,094

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116 Main Street, Buchanan, MI 49107 - Image 4
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116 Main Street, Buchanan, MI 49107 - Image 9
116 Main Street, Buchanan, MI 49107 - Image 10
Studio

Commercial Property for sale in Buchanan, MI

for $315,000 with 3 full baths. This building was built in 1800 on a lot size of 0.05.

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.

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Commercial Active

Price

$ 315,000

Bedrooms

Studio

Full Bath

3

Property Type

Commercial

Taxes

$ 6,558

Style

Business

Lot Size

0.05

Year Built

1800

Town/City

Buchanan

County/Region

Berrien

MLS | Web ID

24007342
Features
General
Sewer Public Sewer
Cooling Central Air
Utilities Public Water Available Natural Gas Available Phone Connected Natural Gas Connected Electric Connected Cable Connected
Possession Close Of Escrow
Roof Rubber
Construction Materials Wood Siding Vinyl Siding Brick Block Stone
Year Built 1800
Tenant Pays Electricity
Township Buchanan City
Property SubType Business
Tax Year 2022
Business Type Other Restaurant Bar/Tavern/Lounge
Business Name B & W Olde Village
County Berrien
New Construction N
Property Type Commercial Sale
Attached Garage N
Building Features Security System
Status Active
Directions In the City of Buchanan take Front Street to Main Street and turn North on Main to property on right hand side.
City Buchanan
High School District Buchanan
NumberOfUnitsTotal 2
MLS Area Southwestern Michigan - S
Lot Size Units Acres
Lot Size Square Feet 2376.0
Waterfront Y/N N
Street Name Main
Land Lease Y/N N
Tax Annual Amount 6558.75
Lease Renewal Y/N N
MLS Area Minor Southwestern Michigan - S
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 114
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 114000
Ownership Type LLC
Legal Description 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
Senior Community None
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Interior
Basement Full
Total Fireplaces 1
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Full Baths 3
Street Suffix Street
Electric On Property Y/N N
Total Baths 3
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Exterior
Parking Features Concrete Driveway
Water Source Public
Total Parking 6.0
Inclusions {u'Licenses': True u'Equipment': True u'Real Estate': True u'Inventory': True u'Furniture': True}
Lot Size Area 0.05
Number of Buildings 1
Spa N
Building Area Total 2992.0
Lot Dimensions 27x88
Lot Size Acres 0.05
Road Surface Type Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Cressy Commercial Real Estate

Broker

jringler@cressy.com

Email

Affordability Calculator

$2,640
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,094
Monthly Property Taxes
$547
Monthly 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
249011 Elementary School
250465 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/13/2024$315,000 -3.08% Price Down
2/13/2024$325,000 Listed Price

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116 Main Street, Buchanan, MI, 49107 is a Commercial Property for sale at $315,000 with a lot size of 0.05. 116 Main Street is a studio with 3.0 baths and was built in 1800. The property's zip code is 49107 which is in Buchanan, MI

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