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    316 Bullock St Whittemore, MI 48770

    Sponsored
    For Sale
    $164,900

    Historic Inn, 8 Units, High Potential

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the historic Whittemore Inn, a local landmark situated on a 0.3-acre lot at 316 S Bullock St, Whittemore, MI 48770. Built in 1900, this 4,200 square foot multifamily property boasts eight units currently configured as seven loft-style efficiencies above a ground-floor bar and restaurant. The main level, while currently vacant, offers significant potential for either residential or retail rental use, given its existing bar and restaurant setup. All necessary fixtures for the bar and restaurant remain in place, presenting a turnkey opportunity for a buyer seeking to restore this once-thriving establishment. The property's unique history and location as the only hotel in the area make it a highly attractive investment with substantial upside potential. The asking price is $164,900. This is a rare chance to acquire a piece of Whittemore's history and capitalize on its untapped potential. Detailed commercial information is available upon request. The property is located in Iosco County.

    Property Features for 316 Bullock St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,200 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1900
    Units
    8

    HighLights

    • Historic Whittemore Inn, a local landmark, located at 316 S Bullock St, Whittemore, MI 48770.
    • 4,200 square foot multifamily property on a 0.3‑acre lot.
    • Eight units: seven loft‑style efficiencies plus a vacant ground‑floor bar/restaurant space.
    • Turnkey bar/restaurant setup with existing fixtures.
    • Asking price: $164,900.
    • Only hotel in Whittemore, offering significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Whittemore Inn Bar & Grill

    Suggested Use

    Restaurant Building Supply Hotel & Motel Bar & Pub Grocery Store Food Market Electronics Store Electrical Service Veterinary Clinic Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Whittemore
    County
    Iosco
    State
    Michigan
    Longitude
    -83.8035
    Latitude
    44.2307719

    Nearby Comparable

    • $174,900
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      Whittemore Inn: Mixed-Use Investment

      Seven apartments, bar/restaurant, prime location.
      316 Bullock St, Whittemore, MI 48770
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    • $150,000
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      Prime Whittemore Bar & Restaurant

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    • New
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      Highway Retail/Commercial Space in Whittemore

      3,600 SF commercial building with high visibility and access.
      205 N Bullock St, Whittemore, MI 48770
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      Industrial Building: Whittemore, MI

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      Commercial/Industrial Shop on 8.1 Acres

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      Commercial Land with Shop and Storage

      8.1 acres with shop, storage, barns, and office space.
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      Leased to US Government until 2031, great investment opportunity.
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      Wooded Hunting Land For Sale

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    Nearby Similar for Sale

    • New
      $240,000
      3,599 SF

      Highway Retail/Commercial Space in Whittemore

      3,600 SF commercial building with high visibility and access.
      205 N Bullock St, Whittemore, MI 48770
      View Details
    • $150,000
      2,900 SF

      Prime Whittemore Bar & Restaurant

      Established Business, High Visibility, Turnkey Operation
      200 Bullock St, Whittemore, MI 48770
      View Details
    • $240,000
      3,599 SF

      Industrial Building: Whittemore, MI

      Spacious Industrial Building, Great Location
      205 Bullock St, Whittemore, MI 48770
      View Details
    • $174,900
      4,200 SF

      Whittemore Inn: Mixed-Use Investment

      Seven apartments, bar/restaurant, prime location.
      316 Bullock St, Whittemore, MI 48770
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Historic Inn, 8 Units, High Potential
    Where is this multifamily property located?
    The property is located at 316 Bullock St Whittemore, MI.
    What is the asking price?
    The asking price for this property is $164,900.
    What are key features of this property?
    This property features: Historic Whittemore Inn, a local landmark, located at 316 S Bullock St, Whittemore, MI 48770.; 4,200 square foot multifamily property on a 0.3-acre lot.; Eight units: seven loft-style efficiencies plus a vacant ground-floor bar/restaurant space.
    Request Owner's contact information
    316 Bullock St Whittemore, MI 48770
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    Whittemore, MI 48770
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    Realmo Value Estimation

    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.

    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.

    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
    316 Bullock St Whittemore, MI 48770
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