3263 E Colby Street Whitehall, MI 49461
COMMERCIAL - Whitehall, MI
- Added:
- Apr 4, 2025
- Days on Market:
- 465
- Last Refresh:
- Jul 12 at 12:06 am
Property Features for 3263 E Colby Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 61-03-027-200-0017-00
- Size
- 3,300 SF
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Concrete, Brick
- Roof type
- Metal
Listing agent Christopher Wenk License #6501435305 (231) 327-4697
Listing office Town Square Real Estate Group LLC MI (231) 730-1658
Listing date Apr 4, 2025
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.
Located in Whitehall, Michigan, the restaurant is described as being conveniently just off a major highway. The property is positioned in a thriving commercial area surrounded by an active mix of businesses.
For a buyer looking for a ready-to-run food service operation, this offering centers on continued operation as a pizza restaurant. Because the sale is structured around the business, equipment, and goodwill (with the real estate excluded), it may be a strong fit for owner-operators and experienced operators who want to step into an established, community-focused restaurant without a transition from a bare build-out.
Key Highlights
- Established pizza restaurant operating since 1970 (business sale)
- Sale includes the business, equipment, and goodwill; real estate is not included
- Concrete and brick construction with a metal roof
Local Financial Insights For Specialty 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 | $51.1k | $15.48 |
| − Vacancy | −$2.1k | −$0.65 |
| EGI | $48.9k | $14.83 |
| − OpEx | −$12.2k | −$3.71 |
| NOI | $36.7k | $11.12 |
