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    101 W Main St Coldwater, OH 45828

    Sponsored
    For Sale
    $359,900

    COMMERCIAL - Neoclassical - Coldwater, OH

    Property size:
    8,148 SF
    Lot size:
    0.09 Acres
    Days on Market:
    40
    Last Refresh:
    Feb 21 at 4:06 am

    Property Features for 101 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    050315000000
    Interior features
    Elevator
    Basement
    Partial, Unfinished
    Accessibility
    Accessible Elevator Installed
    Appliances
    Gas Water Heater
    Size
    8,148 SF
    Lot size
    0.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Year built
    1936
    Flooring type
    Wood
    Building materials
    Brick
    Architectural style
    Neoclassical

    We can help!

    Listing Contact
    Karri Gray
    Karri Gray

    Whitetail Properties Real Estate, LLC (217) 285-9000

    Listing agent Karri Gray (419) 586-5259

    Listing date Jan 13, 2026

    MLS# 1041716

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Business in Downtown Coldwater

    Located in the heart of downtown Coldwater, this well-maintained commercial building offers an opportunity to own an established business. The property features over 4,000 square feet on the main floor, with full-length windows facing Main Street for creative displays. Inside, there is a work area with a large walk-in cooler. The second floor also provides over 4,000 square feet of space, suitable for organized storage and a private office, with potential for further customization. A garage with a second walk-in cooler and an elevator to the second floor provide convenience for moving product. Epoxy flooring was added in 2023, and newer windows have been installed on the second floor. The property includes both the business and building, as well as all inventory. The building sits on a 0.09-acre lot.
    Location Intelligence

    Current Use by Public Records

    Coldwater Flowers on the Corner (Bike/Boat/Book/etc) Store United States Postal ... Post Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coldwater Flowers on the Corner

    Location Insight

    • Map
    • Local Demand
    City
    Coldwater
    County
    Mercer
    State
    Ohio
    Longitude
    -84.628353
    Latitude
    40.479504

    Nearby Similar for Sale

    • $394,900
      8,148 SF

      Downtown Coldwater Commercial Building

      Established Business, Prime Location, High Potential
      101 Main St, Coldwater, OH 45828
      View Details

    FAQs

    What type of property is this?
    Storefront property - Well-maintained commercial building with established business and prime downtown location.
    Where is this storefront property located?
    The property is located at 101 W Main St Coldwater, OH.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: - Established floral business with excellent reputation included.; - Prime downtown location on Main Street with high visibility.; - Large building with over 4,000 sq ft on main floor and additional 4,000 sq ft on the second floor.
    (419) 586-5259
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    101 W Main St Coldwater, OH 45828
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    Coldwater, OH 45828
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 W Main St Coldwater, OH 45828
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    We can help!
    Listing Contact
    Karri Gray
    Karri Gray
    (419) 586-5259 (419) 305-1932 (419) 586-2313
    Learn more
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