Turnkey Pizza
3263 E Colby Street Whitehall, MI 49461
3263 E Colby Street, Whitehall, MI, 49461
$525,000
For Sale
$525,000
COMMERCIAL - Whitehall, MI
Property Size3,300 SF
Price / SF$159.09
Days on Market475
Property Features for 3263 E Colby Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 61-03-027-200-0017-00
- Size
- 3,300 SF
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Concrete, Brick
- Roof type
- Metal
Listing agency
Town Square Real Estate Group LLC
(231) 730-1658
Listed by
Christopher Wenk · License #6501435305
(231) 327-4697
Added: Apr 4, 2025 Updated: Jul 20 at 6:00AM Checked: Jul 22 at 8:06AM
MLS# 25013490
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 turnkey pizza restaurant is being offered as an operating business. The sale includes the business, equipment, and goodwill; the real estate is not included. The concept features a spacious dining area and a fully equipped kitchen, designed to support daily restaurant operations.
Located in Whitehall, Michigan, the restaurant is described as being conveniently just off a major highway. The property is positioned in a thriving commercial area surrounded by an active mix of businesses.
For a buyer looking for a ready-to-run food service operation, this offering centers on continued operation as a pizza restaurant. Because the sale is structured around the business, equipment, and goodwill (with the real estate excluded), it may be a strong fit for owner-operators and experienced operators who want to step into an established, community-focused restaurant without a transition from a bare build-out.
Located in Whitehall, Michigan, the restaurant is described as being conveniently just off a major highway. The property is positioned in a thriving commercial area surrounded by an active mix of businesses.
For a buyer looking for a ready-to-run food service operation, this offering centers on continued operation as a pizza restaurant. Because the sale is structured around the business, equipment, and goodwill (with the real estate excluded), it may be a strong fit for owner-operators and experienced operators who want to step into an established, community-focused restaurant without a transition from a bare build-out.
Key Highlights
- Established pizza restaurant operating since 1970 (business sale)
- Sale includes the business, equipment, and goodwill; real estate is not included
- Concrete and brick construction with a metal roof
Local Financial Insights For Specialty 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 | $51.1k | $15.48 |
| − Vacancy | −$2.1k | −$0.65 |
| EGI | $48.9k | $14.83 |
| − OpEx | −$12.2k | −$3.71 |
| NOI | $36.7k | $11.12 |
3,300 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$30.99M
$27.12M – $36.16M
NOI $2,169,329 @ 7.0% cap · market cap 413.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey pizza restaurant with a spacious dining area and fully equipped kitchen, offered with business and equipment.
Where is this conventional restaurant located?
The property is located at 3263 E Colby Street Whitehall, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Established pizza restaurant operating since 1970 (business sale); Sale includes the business, equipment, and goodwill; real estate is not included; Concrete and brick construction with a metal roof
