316 S Bullock St, Whittemore, MI 48770
For Sale
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This exceptional 4,200 square foot mixed-use property located at 316 S Bullock in Whittemore, Michigan, presents a unique investment opportunity. The Whittemore Inn, a well-established local landmark, currently houses seven year-round studio apartments, generating immediate rental income. In addition, the property includes a fully equipped bar and restaurant, ready for immediate operation. The building itself is structurally sound, featuring a recently updated roof and an oversized septic system designed to handle high occupancy. A dry basement provides ample storage space. This versatile property sits on a 0.3-acre lot, enjoying a highly visible location on a major business thoroughfare directly across from the Whittemore Race Track, ensuring high traffic and visibility. A significant advantage is the inclusion of a Class C Liquor License, currently in escrow, which includes Sunday sales rights. This license opens doors to a variety of business ventures, making this property ideal for an owner-operator seeking a blend of residential and commercial income streams. The combination of existing rental income, the potential for a thriving bar/restaurant, and the prime location makes this a compelling investment opportunity with significant upside potential.
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Whittemore Inn Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.