Updated Retail Restaurant
For Sale
$270,000
108 W Colby Street, Whitehall, MI 49461
COMMERCIAL - Whitehall, MI
Property Size1,288 SF
Lot Size0.06 Acres
Price / SF$209.63
Days on Market15
Property Features for 108 W Colby Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B-2 CEN
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Whitehall
Middle school district
Whitehall
High school district
Whitehall
Directions
Located on Colby St in Whitehall. There is a parking lot in the back of the building.
Standard status
Active
APN
22-220-009-0005-20
Size
1,288 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W-0268 CITY OF WHITEHALL BEG AT A PT ON N LINE OF COLBY ST 90 FT W OF SE COR OF LOT 5 BLK 9 RNG TH N PAR WITH MEARS AVE
Tax Annual Amount
2468
Legal Description
W-0268 CITY OF WHITEHALL BEG AT A PT ON N LINE OF COLBY ST 90 FT W OF SE COR OF LOT 5 BLK 9 RNG TH N PAR WITH MEARS AVE
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
ADA-compliant restroom
commercial kitchen
rear storage area
Building Details
Year built
1928
Floors in Building
1
Number of units
1
Building materials
Wood Siding
Listing Agency:
Five Star Real Estate Whitehall
(231) 733-3080
Listed By:
Sarah Riehl
(231) 730-0934
Added: Jul 22
Changed: Aug 4
Last Checked: Aug 5 at 11:06PM
MLS# 26037982
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated commercial building offers a practical interior layout with newer flooring, fresh paint, and modern fixtures. The property includes an ADA-compliant restroom, a professionally updated commercial kitchen with a three-compartment sink, and a spacious rear storage area suitable for operational support.
The building is positioned on Whitehall’s main street, with ample parking along Colby Street and in a large public parking lot behind the building. Public remarks indicate steady foot traffic associated with nearby marinas, parks, and a bike path.
Outside, the property includes a backyard that can be used to support an outdoor dining patio or related entertainment area. This sale is for the real estate only and does not include the business, inventory, or equipment. Buyer to verify all information.
The building is positioned on Whitehall’s main street, with ample parking along Colby Street and in a large public parking lot behind the building. Public remarks indicate steady foot traffic associated with nearby marinas, parks, and a bike path.
Outside, the property includes a backyard that can be used to support an outdoor dining patio or related entertainment area. This sale is for the real estate only and does not include the business, inventory, or equipment. Buyer to verify all information.
Key Highlights
- Nicely updated commercial building on Whitehall’s main street with central air and forced‑air heating
- ADA‑compliant restroom plus newer flooring, fresh paint, and modern fixtures throughout
- Professionally updated commercial kitchen with a three‑compartment sink
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.4k | $18.96 |
| − Vacancy | −$635 | −$0.49 |
| EGI | $23.8k | $18.47 |
| − OpEx | −$7.1k | −$5.54 |
| NOI | $16.6k | $12.93 |
1,288 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 6.17%
Second Best
Specialty Retail
$204.7K
$179.1K – $238.8K
NOI $14,326 @ 7.0% cap · market cap 5.31%
Theoretical Best
Hotel Hospitality
$12.10M
$10.58M – $14.11M
NOI $846,696 @ 7.0% cap · market cap 313.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
Wesco
Shops & Services
8,826 visits/mo
0.2 miles
SUBWAY
Dining
4,105 visits/mo
0.1 miles
PNC Bank
Shops & Services
3,380 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
922 visits/mo
0.1 miles
Demographics for 49461, MI
9,295
Population
4,220
Households
2.2
Avg Household Size
47
Median Age
30%
College-Educated
97%
High-School Grad
43.2 sq mi
ZIP Area
215
Density / Sq Mi
$80,495
Median Household Income
$42,249
Median Earnings
$874
Median Rent
$245,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated commercial building with an ADA-compliant restroom, professionally updated kitchen, and rear storage space.
Where is this storefront property located?
The property is located at 108 W Colby Street Whitehall, MI.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Nicely updated commercial building on Whitehall’s main street with central air and forced‑air heating; ADA‑compliant restroom plus newer flooring, fresh paint, and modern fixtures throughout; Professionally updated commercial kitchen with a three‑compartment sink
