3080 Colby Rd - Hospitality FOR SALE


Whitehall, MI 49461
$2,200,000 USD
586-999-9286
3080 Colby Rd, Whitehall, MI for Sale
$2,200,000 USD
Hospitality - FOR SALE
1/4
null | 19.35% Cap Rate

3080 Colby Rd
Whitehall, MI 49461


OVERVIEW

This established Michigan hospitality asset represents a stabilized, owner-operated motel with a proven track record of consistent cash flow and high-value physical improvements. Located in Whitehall, MI, the property benefits from a prime position within a resilient local market, showing strong recovery on stable demand. Ownership has maintained a strong commitment to asset preservation, reinvesting over $65,000 into the property since 2022. The facility features a roof replaced in 2015 and a scheduled boiler upgrade for 2026. Recent improvements include a 2023 parking lot reseal and restripe, alongside the continued utilization of P-tech heating and cooling units to ensure high-standard guest comfort.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$100 USD /SF

# OF ROOMS

50

PRICE/ROOM

$44,000 {currency}

CAP RATE

19.35%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Whitehall

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1989

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

MI LIMI

APN/PARCEL ID

03-027-200-0011-00

ASK ABOUT THIS PROPERTY

Elias HerishBrookstone: The Herish GroupMore Info
586-999-9286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Elias HerishBrookstone: The Herish GroupMore Info
586-999-9286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.