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    316 Bullock St Whittemore, MI 48770

    Sponsored
    For Sale
    $174,900

    Seven apartments, bar/restaurant, prime location.

    Property size:
    4,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 4,200 square foot mixed-use property located at 316 S Bullock in Whittemore, Michigan, presents a unique investment opportunity. The Whittemore Inn, a well-established local landmark, currently houses seven year-round studio apartments, generating immediate rental income. In addition, the property includes a fully equipped bar and restaurant, ready for immediate operation. The building itself is structurally sound, featuring a recently updated roof and an oversized septic system designed to handle high occupancy. A dry basement provides ample storage space. This versatile property sits on a 0.3-acre lot, enjoying a highly visible location on a major business thoroughfare directly across from the Whittemore Race Track, ensuring high traffic and visibility. A significant advantage is the inclusion of a Class C Liquor License, currently in escrow, which includes Sunday sales rights. This license opens doors to a variety of business ventures, making this property ideal for an owner-operator seeking a blend of residential and commercial income streams. The combination of existing rental income, the potential for a thriving bar/restaurant, and the prime location makes this a compelling investment opportunity with significant upside potential.

    Property Features for 316 Bullock St

    General Information

    Property type
    Industrial properties
    Square Feet
    4,200 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Whittemore Inn Bar & Grill

    Suggested Use

    Restaurant Building Supply Hotel & Motel Bar & Pub Grocery Store Food Market Electronics Store Electrical Service Veterinary Clinic Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whittemore
    County
    Iosco
    State
    Michigan
    Longitude
    -83.8035
    Latitude
    44.23077

    Nearby Comparable

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      Highway Retail/Commercial Space in Whittemore

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    Nearby Similar for Sale

    • New
      $240,000
      3,599 SF

      Highway Retail/Commercial Space in Whittemore

      3,600 SF commercial building with high visibility and access.
      205 N Bullock St, Whittemore, MI 48770
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    • $150,000
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      Prime Whittemore Bar & Restaurant

      Established Business, High Visibility, Turnkey Operation
      200 Bullock St, Whittemore, MI 48770
      View Details
    • $240,000
      3,599 SF

      Industrial Building: Whittemore, MI

      Spacious Industrial Building, Great Location
      205 Bullock St, Whittemore, MI 48770
      View Details
    • $164,900
      4,200 SF

      Whittemore Inn: 8-Unit Multifamily

      Historic Inn, 8 Units, High Potential
      316 Bullock St, Whittemore, MI 48770
      View Details

    FAQs

    What type of property is this?
    Industrial property - Seven apartments, bar/restaurant, prime location.
    Where is this industrial property located?
    The property is located at 316 Bullock St Whittemore, MI.
    What is the asking price?
    The asking price for this property is $174,900.
    (269) 600-4397
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    316 Bullock St Whittemore, MI 48770
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    Whittemore, MI 48770
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    316 Bullock St Whittemore, MI 48770
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