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Gas Station Property
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For Sale
$1,031,457

1007 E Colby St, Whitehall, MI 49461

The Whitehall asset is identified as part of an Admiral Petroleum portfolio of Michigan and Indiana properties.

Property Size984 SF
Price / SF$1,048
Days on Market2

Property Features for 1007 E Colby St

General Information

Standard status Active
Size 984 SF
Property subtype Auto Service - Gas-Conv
Lease Type NNN

Amenities

Long Term Lease | Current Term Runs Through May 2036
Four, Five Year Renewal Options | Built-In Annual Rent Increases
Can be Purchased as an Individual Property or as Part of a Portfolio

Building Details

Building Size 984 SF
Listed By: Timothy Nichols · License #License(s): IL: 475.159619
Source: Marcusmillichap
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 10 at 2:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Timothy Nichols

Investment Insights

Based on property information with market context.

The property at 1007 E Colby St in Whitehall, Michigan, is identified as an Admiral Petroleum asset. The record gives a property size of 984, without specifying a unit of measurement.

This property is one of 30 portfolio assets: 29 are in Michigan and one is in Indiana. Properties are offered individually or as part of a larger package.

Key Highlights

  • Whitehall gas station at 1007 E Colby St
  • Part of a 30‑property Admiral Petroleum portfolio
  • Portfolio includes 29 Michigan assets and one Indiana asset

Property Analytics

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Current Use

Gas stations

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Garden Center Daycare Center Veterinary Clinic Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby
19k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 50% Shops & Services 43% Electronics 7%
Dollar General Shops & Services
7,911 visits/mo 0.2 miles
BIGGBY COFFEE Dining
6,064 visits/mo 0.3 miles
Pizza Hut Dining
3,295 visits/mo 0.1 miles
Verizon Electronics
1,323 visits/mo 0.3 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Gas station - The Whitehall asset is identified as part of an Admiral Petroleum portfolio of Michigan and Indiana properties.
Where is this gas station located?
The property is located at 1007 E Colby St Whitehall, MI.
What is the asking price?
The asking price for this property is $1,031,457.
What are key features of this property?
This property features: Whitehall gas station at 1007 E Colby St; Part of a 30‑property Admiral Petroleum portfolio; Portfolio includes 29 Michigan assets and one Indiana asset
More about this property
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