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    Property profile & analytics
    FOR SALE
    Commercial real estate

    316 S Bullock St, Whittemore, MI 48770

    0.3 ac lot
    Entity Owned Free & Clear
    Property ID
    US43-3440261
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.3 ac (13,068 SF)
    APN 141O2000100400
    UPID US43-3440261
    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
    Current use
    Occupant on record · Public records
    • Whittemore Inn Bar & Pub Restaurant
    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
    PIONEER RESOURCES CO, LLC
    PIONEER RESOURCES CO, LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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