Mixed-Use Building with
New
For Sale
$975,000
102 W Colby Street, Whitehall, MI 49461
Commercial Sale, Whitehall, MI
Property Size6,900 SF
Lot Size0.08 Acres
Price / SF$141.30
Days on Market2
Property Features for 102 W Colby Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B2/Res
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Elementary school district
Whitehall
Middle school district
Whitehall
High school district
Whitehall
Standard status
Active
APN
22-220-009-0006-00
Size
6,900 SF
Lot size
0.08 Acres
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Description
lengthy on file
Tax Annual Amount
7034
Legal Description
lengthy on file
Utilities
Heating system
Forced Air, Radiant, Baseboard
Cooling system
Central Air
Amenities
ADA entrance
ADA bathroom
fire-safe room
separate utilities
Building Details
Year built
1922
Number of units
2
Building materials
Brick
Roof type
Rubber
Buildings
1
Listing Agency:
Real Estate West
(231) 246-8000
Listed By:
Thomas A Serio
(231) 286-0102
Added: Oct 28
Last Checked: Oct 29 at 4:06PM
MLS# 26057360
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.
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Investment Insights
Based on property information with market context.
This three-story brick property combines a ground-floor storefront with residential space on the upper levels. The commercial suite has an entrance from Colby Street and an ADA-accessible entrance from the rear public parking lot, along with an ADA bathroom. The upper-floor Loft includes a two-story great room, kitchen, dry bar, sauna, bedroom areas, and a full bathroom. A separate office suite connects to the front foyer. The basement includes a fire-safe room.
The property is in downtown Whitehall, near shops, breweries, restaurants, and offices. Its zoning includes B2 commercial and residential designations. A new roof was installed in 2026, and the Loft received a boiler in 2022. Renovations in the early 2000s retained original architectural elements while adding updated features.
The property is in downtown Whitehall, near shops, breweries, restaurants, and offices. Its zoning includes B2 commercial and residential designations. A new roof was installed in 2026, and the Loft received a boiler in 2022. Renovations in the early 2000s retained original architectural elements while adding updated features.
Key Highlights
- Ground‑floor commercial storefront with a separate ADA entrance from the rear public parking lot
- Residential space spans the second and third floors
- Upper‑level Loft features a two‑story great room, kitchen, dry bar, sauna, and bedroom areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,196
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,783,920
$1.8M
Cap Rate 7%
$1,274,229
$1.3M
Cap Rate 9%
$991,067
$991.1K
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$130.8K $18.96/SF
− Vacancy
−$3.4K −$0.49/SF
EGI
$127.4K $18.47/SF
− OpEx
−$38.2K −$5.54/SF
NOI
$89.2K $12.93/SF
Area
Muskegon County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,783,920
Cap Rate 7%
$1,274,229
Cap Rate 9%
$991,067
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.49M
NOI $89,196 @ 7.0% cap · market cap 9.15%
Second Best
Mixed Use
$851.4K
$745.0K – $993.3K
NOI $59,599 @ 7.0% cap · market cap 6.11%
Theoretical Best
Hotel Hospitality
$64.80M
$56.70M – $75.60M
NOI $4,535,869 @ 7.0% cap · market cap 465.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
17k
Monthly Visits Nearby
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space occupies the ground level, with residential areas on the two floors above.
Where is this mixed-use property located?
The property is located at 102 W Colby Street Whitehall, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Ground‑floor commercial storefront with a separate ADA entrance from the rear public parking lot; Residential space spans the second and third floors; Upper‑level Loft features a two‑story great room, kitchen, dry bar, sauna, and bedroom areas
