Listing Agency: Blu House Properties brokered by EXP Realty

Listed By: Duke Gray Show Phone

Source: Carwm.resimplifi

Added: Apr 30 Changed: Oct 4 Last Checked: Oct 16 at 5:57AM

Report an Issue

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 Blu House Properties brokered by EXP Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This storefront property at 5706 Whitehall Rd includes existing restaurant infrastructure and is positioned for retail or restaurant use. The site is identified as a potential redevelopment property, with commercial or mixed-use repositioning described as an additional possibility. Residential development is also noted as a potential use.

The Whitehall location is near Michigan’s Adventure, a regional amusement park with more than 60 rides and attractions. The property is also described as being near Lake Michigan attractions and major travel corridors, placing it within a setting that serves both seasonal visitors and local customers. Zoning is NC.

Key Highlights

• Existing restaurant infrastructure supports retail or restaurant use
• NC zoning
• Near Michigan’s Adventure, which features 60+ rides and attractions

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,055

Cap Rate

9.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$321,100 $321.1K

Cap Rate 7%

$229,357 $229.4K

Cap Rate 9%

$178,389 $178.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,242 SF

Gross rent

$23.5K $18.96/SF

− Vacancy

−$612 −$0.49/SF

EGI

$22.9K $18.47/SF

− OpEx

−$6.9K −$5.54/SF

NOI

$16.1K $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%

$321,100

Cap Rate 7%

$229,357

Cap Rate 9%

$178,389

Alternative Uses

Best Use

Retail

$229.4K

$200.7K – $267.6K (±1% cap)

NOI $16,055 @ 7.0% cap · market cap 9.17%

Second Best

Specialty Retail

$197.3K

$172.7K – $230.2K (±1% cap)

NOI $13,814 @ 7.0% cap · market cap 7.89%

Theoretical Best

Hotel Hospitality

$11.66M

$10.21M – $13.61M (±1% cap)

NOI $816,456 @ 7.0% cap · market cap 466.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Furniture & Home Goods Big Box & Wholesale Store Catering Service Pet Grooming Service Discount Store Travel Agency

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

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Updated Storefront with Commercial Kitchen

108 W Colby Street, Whitehall, MI 49461

$260,000

1,288 SF

View details

Restaurant Building with Basement

212 E Colby Street, Whitehall, MI 49461

$315,000

3,120 SF

View details

Storefront Building with Flexible Uses

210 E Colby Street, Whitehall, MI 49461

$229,000

5,216 SF

View details

Established Restaurant with Equipped Kitchen

3263 E Colby Street, Whitehall, MI 49461

$475,000

3,300 SF

View details

White Lake Plaza Shopping Center

1006 E Colby St, Whitehall, MI 49461

$649,900

16,541 SF

View details

Gas Station Property

1007 E Colby St, Whitehall, MI 49461

$1,031,457

984 SF

View details

Manufacturing Property with Shop Building

Vl-415 S Lake St, Whitehall, MI 49461

$474,900

2,000 SF

View details

Flex Space with Shop Improvements

415 S Lake Street, Whitehall, MI 49461

$474,900

2,091 SF

View details

Downtown Whitehall Church For Sale

117 S Division St, Whitehall, MI 49461

$399,000

9,000 SF

View details

Three-Screen Theater Building

8171 Whitehall Rd, Whitehall, MI 49461

$619,000

6,000 SF

View details

Waterfront Triplex with Three Cottages

5768 South Shore Drive, Whitehall, MI 49461

$2,300,000

0.67 Acres

View details

Frequently Asked Questions

What type of property is this?

Storefront property - NC-zoned commercial site near Michigan’s Adventure with existing restaurant infrastructure.

Where is this storefront property located?

The property is located at 5706 Whitehall Rd Whitehall, MI.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: Existing restaurant infrastructure supports retail or restaurant use; NC zoning; Near Michigan’s Adventure, which features 60+ rides and attractions