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1006 E Colby St 16,541 SF 100% Leased Retail Building Whitehall, MI 49461 $649,900 ($39.29/SF)
Investment Highlights
- High-Visibility Location with 14,000+ Vehicles Per Day
- Ample Parking
- New Roof
Executive Summary
Positioned directly on Colby Street/Business 31, White Lake Plaza is one of Whitehall's most prominent commercial opportunities. The property sits along the community's primary retail and service corridor, offering excellent road frontage, easy access and exposure to approximately 11,600 vehicles per day. A new illuminated roadside sign is scheduled for installation, further strengthening the property's visibility. Surrounded by established retailers, restaurants, medical offices and service businesses, this location benefits from consistent year-round traffic from both area residents and seasonal visitors. The 16,541-square-foot building sits on approximately 1.5 acres and is currently configured as four suites. Two tenant spaces are presently occupied under written leases, including a long-established upholstery business, while additional space offers significant upside through future leasing, owner occupancy or reconfiguration. The property includes expansive retail and showroom areas, multiple storefront entrances, offices, bathrooms, two loading dock doors, a full basement, an elevator and approximately 50 paved parking spaces. Recent improvements include approximately 4,300 square feet of new EPDM roofing, emergency lighting and lock and door work. Zoned B-1 General Business and located within Whitehall's Commercial Rehabilitation District, the property may qualify for tax-abatement incentives subject to City approval. This is a rare opportunity to secure substantial commercial space in one of the most visible locations in the White Lake area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,541 SF
Building Class
C
Year Built/Renovated
1975/2002
Price
$649,900
Price Per SF
$39.29
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
1.50 AC
Zoning
B-1 COMMERCIAL
Parking
50 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
165’ on Colby Rd
Amenities
- Pylon Sign
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-270-000-0007-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $447,600 |
Property Taxes
Parcel Number
22-270-000-0007-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$447,600
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Contact the Sale Advisor
1006 E Colby St