Updated Storefront with Commercial
For Sale
$260,000
108 W Colby Street, Whitehall, MI 49461
Commercial Sale, Whitehall, MI
Property Size1,288 SF
Lot Size0.06 Acres
Price / SF$201.86
Days on Market95
Property Features for 108 W Colby Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B-2 CEN
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Whitehall
Middle school district
Whitehall
High school district
Whitehall
Directions
Located on Colby St in Whitehall. There is a parking lot in the back of the building.
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
Legal 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
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
ADA-compliant restroom
commercial kitchen
rear storage area
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: Oct 8
Last Checked: Oct 24 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,288-square-foot storefront property occupies 0.06 acres at 108 W Colby Street in Whitehall. Built in 1928, the building has wood siding, forced-air heat, central air, newer flooring, fresh paint, and updated fixtures. Interior improvements include an ADA-compliant restroom, a commercial kitchen with a three-compartment sink, and a spacious rear storage area. Natural gas is available.
The property is situated in Whitehall’s Social District near marinas, restaurants, breweries, parks, and a bike path. Parking is available along Colby Street and in the large public lot behind the building. The rear yard provides outdoor area that could accommodate dining, patio, or entertainment uses, subject to applicable approvals. The sale includes the real estate only; the business, inventory, and equipment are excluded.
The property is situated in Whitehall’s Social District near marinas, restaurants, breweries, parks, and a bike path. Parking is available along Colby Street and in the large public lot behind the building. The rear yard provides outdoor area that could accommodate dining, patio, or entertainment uses, subject to applicable approvals. The sale includes the real estate only; the business, inventory, and equipment are excluded.
Key Highlights
- 1,288‑square‑foot storefront property on 0.06 acres
- Updated interior with newer flooring, fresh paint, and modern fixtures
- ADA‑compliant restroom and commercial kitchen with a three‑compartment sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,650
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,000
$333.0K
Cap Rate 7%
$237,857
$237.9K
Cap Rate 9%
$185,000
$185.0K
Market Conditions
NOI Build-Up for 1,288 SF
Gross rent
$24.4K $18.96/SF
− Vacancy
−$635 −$0.49/SF
EGI
$23.8K $18.47/SF
− OpEx
−$7.1K −$5.54/SF
NOI
$16.6K $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%
$333,000
Cap Rate 7%
$237,857
Cap Rate 9%
$185,000
Alternative Uses
Best Use
Retail
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$12.10M
$10.58M – $14.11M
NOI $846,696 @ 7.0% cap · market cap 325.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
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?
Storefront property - Commercial building with an ADA-compliant restroom, rear storage, central air, and access to Colby Street and public parking.
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 $260,000.
What are key features of this property?
This property features: 1,288‑square‑foot storefront property on 0.06 acres; Updated interior with newer flooring, fresh paint, and modern fixtures; ADA‑compliant restroom and commercial kitchen with a three‑compartment sink
