Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Whitehall Church For Sale Title is generated by Realmo AI

    117 S Division St, Whitehall, MI 49461

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    9,000 SF church in downtown Whitehall with parking.

    Type:Special Purpose
    Property size:
    9,000 SF
    Price / SF:
    $44/SF
    Added:
    Nov 7, 2024
    Days on Market:
    573
    Last Refresh:
    May 12 at 9:17 pm

    Property Features for 117 S Division St

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1904

    We can help!

    Listing Contact
    Mary Anne Wisinski-Rosely, SIOR, CCIM

    Listing agent Mary Anne Wisinski-Rosely, SIOR, CCIM License #MI 6501268486

    Listing office NAI Wisinski of West Michigan - Grand Rapids

    Listing date Nov 7, 2024

    Source Crexi

    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 NAI Wisinski of West Michigan - Grand Rapids

    HighLights

    • Prime downtown Whitehall location, one block from main street.
    • Large 9,000 SF building suitable for various uses.
    • ADA accessible with elevator.
    • Sanctuary with seating for +/- 110 people and air conditioning.
    • Full commercial kitchen and gathering space.
    • On‑site parking plus readily available on‑street and city parking.

    Overview

    Located in downtown Whitehall, approximately 9,000 SF church is available for sale. Situated one block from the main street, the property includes a small on-site parking lot, supplemented by available on-street parking and a city lot directly across the street. Originally constructed in 1904, the building has undergone two additions and renovations in 1989 and 1995. The sanctuary can accommodate approximately 110 people and is air conditioned. The property features a full commercial kitchen, a gathering space, classrooms, and an office. The building is ADA accessible and equipped with an elevator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whitehall
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.3457055
    Latitude
    43.4088291

    Nearby Similar for Sale

    • $315,000
      3,120 SF

      Restaurant Opportunity in Downtown Whitehall

      Restaurant with equipment in downtown Whitehall, real estate included.
      212 E Colby Street, Whitehall, MI 49461
      View Details
    • $2,200,000

      Lakefront Multifamily Property with Expansion Potential

      Whitehall multifamily property with lake views and expansion possibilities.
      6195 Murray Road, Whitehall, MI 49461
      View Details
    • $600,000
      3,300 SF

      Established Restaurant in Prime Location

      Turnkey pizza restaurant for sale with loyal customer base.
      3263 E Colby Street, Whitehall, MI 49461
      View Details
    • $302,500

      Whitehall Four-Unit Investment Property

      Recently renovated four-unit property near White Lake and downtown Whitehall.
      218 N Baldwin Street, Whitehall, MI 49461
      View Details
    • $302,500

      Whitehall Four-Unit Investment Property

      Recently renovated four-unit property near White Lake and downtown Whitehall.
      218 N Baldwin St, Whitehall, MI 49461
      View Details
    • $160,000
      1,228 SF

      Prime Commercial Space For Sale

      Commercial space with high visibility and accessibility near major highway.
      2725 W Holton Whitehall Road, Whitehall, MI 49461
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - 9,000 SF church in downtown Whitehall with parking.
    Where is this church & religious facility located?
    The property is located at 117 S Division St Whitehall, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime downtown Whitehall location, one block from main street.; Large 9,000 SF building suitable for various uses.; ADA accessible with elevator.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mary Anne Wisinski-Rosely, SIOR, CCIM
    Real Estate License ID: MI 6501268486
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    117 S Division St, Whitehall, MI 49461
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!