Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    371 Marshall St Coldwater, MI 49036

    Sponsored
    For Sale
    $165,000

    COMMERCIAL - Coldwater, MI

    Lot size:
    0.51 Acres
    Days on Market:
    322
    Last Refresh:
    Feb 16 at 11:06 pm

    Property Features for 371 Marshall St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1230300000021300
    Lot size
    0.51 Acres

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Ken Keeton
    Ken Keeton

    Real Estate Elite Team (517) 279-8885

    Listing agent Ken Keeton (517) 279-8885

    Listing date Apr 1, 2025

    MLS# 25012820

    Copyright © 2026 Michigan Regional Information Center, LLC. 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

    Property Insight Report

    Overview

    Commercial Land in Coldwater, MI

    This commercial land, consisting of two lots to be sold together, presents an opportunity for business development in a convenient location. The property includes tax ID # 303 000 000 212 00, corresponding to 373 Marshall St. The total lot size is 0.51 acres. Intended use is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Coldwater
    County
    Branch
    State
    Michigan
    Longitude
    -85.000785
    Latitude
    41.952525

    Nearby Similar for Sale

    • $465,000
      7,000 SF

      Versatile Industrial Property on 3.5 Acres

      7,000 sq ft commercial property near Coldwater, Michigan.
      349 S Clay St, Coldwater, MI 49036
      View Details
    • $399,900
      9,704 SF

      Turnkey Metal Fabrication Business Opportunity

      Metal fabrication business with building and equipment for sale in Coldwater.
      169 Industrial Ave, Coldwater, MI 49036
      View Details
    • $875,000
      Pending

      Elmwood Apartments Multifamily Opportunity

      31-unit complex with rehab potential in Coldwater, Michigan.
      100 Taylor St, Coldwater, MI 49036
      View Details
    • New
      $795,000
      1,620 SF

      Waterfront Destination with Business and Residence

      Unique waterfront property with store, food, fuel, and residence.
      685 W Channel Dr, Coldwater, MI 49036
      View Details
    • $279,900
      8,473 SF

      Established Gym with Growth Potential

      Branch County gym with active members, tanning rooms, and salon.
      21 Butters Ave, Coldwater, MI 49036
      View Details
    • $219,900
      1,200 SF

      Downtown Coldwater Restaurant Opportunity

      Turnkey restaurant for sale in a prime downtown location.
      30 N Monroe St, Coldwater, MI 49036
      View Details
    • $199,000
      0.73 Acres

      Coldwater Duplex with 4-Car Garage

      Two-story duplex on a large lot with a 4-car garage.
      279 Marshall St, Coldwater, MI 49036
      View Details
    • $199,900
      0.12 Acres

      Downtown Duplex with Four-Car Garage

      Charming duplex in downtown Coldwater, MI with a four-car garage.
      Coldwater, MI 49036
      View Details
    • $189,900
      0.02 Acres

      Apartment House with Garage

      Apartment house with units ready to rent and garage.
      144 W Pearl St, Coldwater, MI 49036
      View Details
    • $65,000
      2,098 SF

      Historic Grange Hall with Potential

      Unique commercial property with original features and many possibilities.
      1008 Marshall Rd, Coldwater, MI 49036
      View Details
    • $249,900
      2,532 SF

      Coldwater Farmhouse on Spacious Land

      Spacious Coldwater farmhouse on 2.07 acres with modern amenities.
      435 E Girard Rd, Coldwater, MI 49036
      View Details
    • Contact for pricing
      600 SF

      Lakefront Living Park Model

      Well-maintained park model on Randall Lake with dock access.
      631 River Rd, Coldwater, MI 49036
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two lots for commercial development in a convenient location.
    Where is this commercial land located?
    The property is located at 371 Marshall St Coldwater, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Convenient location suitable for business.; - Includes tax ID # 303 000 000 212 00 which is 373 Marshall St.; - Both lots are to be sold together.
    (517) 279-8885
    Request Owner's contact information
    371 Marshall St Coldwater, MI 49036
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    371 Marshall St
    Coldwater, MI 49036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    371 Marshall St Coldwater, MI 49036
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ken Keeton
    Ken Keeton
    (517) 279-8885 (517) 414-6010
    Learn more
    Google sign-in failed. Please try again or use another login method.