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3-Unit Retail Center

511 E Colby St, Whitehall, MI 49461

For Sale
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Three retail suites occupy a single building near downtown Whitehall.

Property Size5,541 SF
Lot Size0.46 Acres
Price / SF$22.56
Days on Market33

Property Features for 511 E Colby St

General Information

Standard status Active
Size 5,541 SF
Lot size 0.46 Acres
Property subtype Retail

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Commercial Real Estate Exchange
Listed By: Audrey Hanna · License #N/A
Source: Crexi
Added: Oct 8 Changed: Nov 8 Last Checked: Nov 8 at 3:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Real Estate Exchange

Rey
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Investment Insights

Based on property information with market context.

This retail center contains 5,541 square feet across three units in one building. The property occupies approximately 0.46 acres and is located near downtown Whitehall, with access to local destinations.

Key Highlights

  • 5,541‑square‑foot retail center
  • Three units within one building
  • Approximately 0.46 acres

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service Bakery Big Box & Wholesale Store Daycare Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

368
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 73% Dining 27%
Wesco Shops & Services
8,826 visits/mo 0.3 miles
Dollar General Shops & Services
7,911 visits/mo 0.1 miles
SUBWAY Dining
4,105 visits/mo 0.4 miles
PNC Bank Shops & Services
3,380 visits/mo 0.4 miles
Pizza Hut Dining
3,295 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - Three retail suites occupy a single building near downtown Whitehall.
Where is this shopping center located?
The property is located at 511 E Colby St Whitehall, MI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 5,541‑square‑foot retail center; Three units within one building; Approximately 0.46 acres
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