Updated Retail Restaurant
108 W Colby Street Whitehall, MI 49461
New
For Sale
$270,000
COMMERCIAL - Whitehall, MI
Property Size1,288 SF
Lot Size0.06 Acres
Price / SF$209.63
Days on Market3
Property Features for 108 W Colby Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- 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
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
- Cooling system
- Central Air
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: Jul 23
Last Checked: Jul 24 at 10:06PM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
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
