Property profile

1002 Colby St Whitehall, MI 49461

OFF-MARKET
Commercial real estate
Property ID
US43-0717713
6,459 SF 1.5 ac lot Built 1954
Entity Owned ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

1002 Colby St Whitehall, MI 49461-1206
Whitehall metro Census 3702 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2025
Last sale
$435,000
5 recorded transactions
2025
$435,000
2022
Price N/A
2015
Price N/A
2015
$80,000
2009
$168,000

Zoning & alternative use

B-1 GEN · Whitehall, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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