Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    1002 Colby St, Whitehall, MI 49461-1206

    6,459 SF 1.5 ac lot Built 1954
    Entity Owned ~ Est. High Equity
    Property ID
    US43-0717713
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a recently updated 12-room motel situated on a spacious 1.5-acre lot in Whitehall, MI. The property boasts 6,200 square feet of building space, including a comfortable one-bedroom, one-bathroom manager's apartment complete with a living room, full kitchen, and a partial basement featuring a separate laundry area. Ample parking is available, accommodating both standard vehicles and RVs. A substantial pole building provides additional storage, complemented by a detached two-car garage offering further space. The property also includes undeveloped land, presenting significant potential for expansion or future development. Recent renovations are extensive and include new bathrooms and flooring throughout, fresh interior and exterior paint, new siding, a new roof, updated exterior lighting, a roadside LED programmable display, a newer security camera system, and a recently resurfaced parking lot. The heating system has also been upgraded with a new boiler. This turnkey operation offers low-maintenance management and significant potential for increased revenue given the existing infrastructure and available land. The property's prime location and recent improvements make it an attractive investment for discerning buyers seeking a profitable and easily managed business venture. This busy motel is ready for a new owner to capitalize on its existing success and future growth opportunities.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1954
    Total area 6,459 SF
    Lot 1.5 ac (65,340 SF)
    Zoning code B-1 GEN
    APN 61-22-270-000-0006-00
    UPID US43-0717713
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    1002 E Colby LLC
    1002 E Colby LLC
    since 2025
    Last sale
    $435,000
    5 recorded transactions
    2025
    $435,000
    2022
    2015
    2015
    $80,000
    2009
    $168,000
    Zoning & alternative use
    B-1 GEN · Whitehall, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1002 Colby St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    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