Description
Fully leased multi-tenant commercial property located in the heart of downtown New Buffalo's primary retail and professional corridor. The building consists of approximately 2,964 square feet across three suites with established professional tenants in place, offering stable income at an approximate 6.2% cap rate. Positioned on the corner of W Buffalo Street and N Whittaker Street, the property benefits from strong visibility, a central corner location, and consistent traffic along one of the area's most active commercial corridors within New Buffalo's vibrant downtown core. The location is supported by Harbor Country tourism and proximity to the greater Chicago market, contributing to sustained demand for downtown commercial space. Lease terms extend through 2028-2029, providing near-term income stability. Additional Opportunity: While the property is currently fully leased, there may be potential to accommodate an owner-user. Ownership may consider negotiating an early vacate with an existing tenant, offering a buyer the opportunity to occupy space prior to current lease expirations.
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0BEDS
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0.19ACRES
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3BATHS
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01/2 BATHS
Description
Fully leased multi-tenant commercial property located in the heart of downtown New Buffalo's primary retail and professional corridor. The building consists of approximately 2,964 square feet across three suites with established professional tenants in place, offering stable income at an approximate 6.2% cap rate. Positioned on the corner of W Buffalo Street and N Whittaker Street, the property benefits from strong visibility, a central corner location, and consistent traffic along one of the area's most active commercial corridors within New Buffalo's vibrant downtown core. The location is supported by Harbor Country tourism and proximity to the greater Chicago market, contributing to sustained demand for downtown commercial space. Lease terms extend through 2028-2029, providing near-term income stability. Additional Opportunity: While the property is currently fully leased, there may be potential to accommodate an owner-user. Ownership may consider negotiating an early vacate with an existing tenant, offering a buyer the opportunity to occupy space prior to current lease expirations.
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