905 E Colby St

15,880 SF 100% Leased Office Building Whitehall, MI 49461 $2,695,000 ($169.71/SF)

INVESTMENT HIGHLIGHTS

  • Rare opportunity to acquire a long-term credit tenant in a stand-alone facility
  • The building has been well maintained
  • Excellent location in the center of town
  • Good location; less than 1 mile to US-31

EXECUTIVE SUMMARY

The property located at 905 E Colby Street is presently occupied by Trinity Health as a Tenant under a long term Lease Agreement. The original Lease was executed on September 1, 2008. The Tenant has exercised multiple options to renew the lease and is presently in its first of three additional 5-year renewal periods. There currently remains 4.5 years of the lease term under the first option. The Tenant has two additional periods (of 5 years) to further extend the lease term under previously negotiated renewal terms. The facility currently houses Trinity Health Medical Group, Primary Care, Urgent Care and Health labs. The facility has been well maintained and is easy to access given its location in the center of the Whitehall Community.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $53,516 $3.37
Operating Expenses - -
Total Expenses $53,516 $3.37

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,880 SF
Building Class
B
Year Built
1987
Price
$2,695,000
Price Per SF
$169.71
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,880 SF
Building FAR
0.17
Lot Size
2.10 AC
Zoning
B-1 - Commercial B-1, General Business District
Parking
72 Spaces (4.53 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Lake Shore Medical
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -

Sonus works hard to make hearing easy. At Sonus, it’s their mission to provide excellence in hearing healthcare. It is their commitment to ensure that their patients have access to top-quality audiologists and hearing care professionals. Sonus Network providers are committed to providing the very best patient experience in the industry. Sonus audiologists and hearing care professionals are what set them apart from other hearing care providers; they truly take the time to get to know your personal needs and listening habits. They examine and evaluate you, noting any concerns you may have. Only then do they recommend a solution that they believe will improve your quality of life. After all, they are committed to your long-term hearing health and they will be with you every step of the way. The combined dedication and professionalism of their staff is the primary reason why over 90% of their patients would recommend them to a family member or friend.

  • Health Care and Social Assistance
  • -
  • -
  • -

Trinity Health is one of the largest not-for-profit, faith-based health care systems in the nation. It is a family of colleagues, physicians and clinicians caring for diverse communities across many states. Trinity is nationally recognized for care and experience.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Lake Shore Medical Health Care and Social Assistance - - -
Health Care and Social Assistance - - -
Health Care and Social Assistance - - -

PROPERTY TAXES

  • Listing ID: 35163244

  • Date on Market: 3/17/2025

  • Last Updated:

  • Address: 905 E Colby St, Whitehall, MI 49461