1002 Colby StWhitehall, MI 49461

For Sale
$549,000

Turn-key motel, high ROI potential.

Overview

Added:
Feb 3
Days on market:
39
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 Details for 1002 Colby St

Property type
Investment properties, Other investment properties
Square Feet
6,200 SF
Year Built
1951
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Whitehall
County
Muskegon
State
Michigan
Latitude
43.40978
Longitude
-86.33306
1002 Colby St, Whitehall, Michigan

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1002 Colby St
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