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

    440 Marshall St Coldwater, MI 49036

    Sponsored
    For Lease
    $8 SF/Yr

    COMMERCIAL - Coldwater, MI

    Type:Retail
    Property size:
    132,629 SF
    Lot size:
    10.03 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 19 at 4:06 am

    Property Features for 440 Marshall St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    30200000000500
    Fireplace
    1
    Size
    132,629 SF
    Lot size
    10.03 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Kara Schroer
    Kara Schroer

    NAI Wisinski of West Michigan (269) 353-0311

    Listing agent Kara Schroer (269) 353-0311

    Listing date Feb 11, 2026

    MLS# 22000460

    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

    Retail Center in Coldwater, MI

    Fairfield Plaza is a 132,629 square foot retail center situated on 10.03 acres. It is located on the east side of Marshall Street, also known as Old US Highway 27, just south of State Street in Coldwater, Michigan. The property offers a variety of suite sizes available for immediate occupancy. It features easy access from Marshall Street and a highly visible pylon sign to identify the tenants and property. The location allows tenants to capitalize on the traffic generated by a variety of other national and local retail providers. Current tenants include Subway, Hungry Howie's, Children's Museum, Dance Factory, Select Health, LinCare, and other local retailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hillsdale Beauty College Vocational School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Coldwater
    County
    Branch
    State
    Michigan
    Longitude
    -85.000408
    Latitude
    41.954175

    Nearby Similar for Lease

    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      488 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      490 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      488 Marshall St, Coldwater, MI 49036
      View Details
    • $7 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      480 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      490 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Space in Fairfield Plaza

      End-cap retail space available in Coldwater's Fairfield Plaza.
      426 Marshall St Unit, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Versatile Retail Space in Coldwater

      Adaptable commercial space suitable for retail, office, or fitness uses.
      480 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      476 Marshall St, Coldwater, MI 49036
      View Details
    • $7 SF/Yr
      132,629 SF

      Retail Center in Coldwater, Michigan

      132,629 SF retail center on 10.03 acres for lease.
      430 Marshall St, Coldwater, MI 49036
      View Details
    • $12 SF/Yr
      12,000 SF

      Coldwater Office Suite For Lease

      2,000 SF office suite available in multi-tenant building.
      892 E Chicago St, Coldwater, MI 49036
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Willowbrook Village

      Retail space available in a busy shopping center.
      373 N Willowbrook Rd, Coldwater, MI 49036
      View Details
    • $6 SF/Yr
      132,629 SF

      Coldwater Retail Center Opportunity

      132,629 SF Retail Space Available
      430 Marshall St, Coldwater, MI 49036
      View Details

    FAQs

    What type of property is this?
    Shopping center - 132,629 SF retail center on 10.03 acres for lease.
    Where is this shopping center located?
    The property is located at 440 Marshall St Coldwater, MI.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Marshall Street (Old US Hwy 27) near State Street.; - Variety of suite sizes available for immediate occupancy.; - Easy ingress and egress from Marshall Street.
    (269) 353-0311
    Request Owner's contact information
    440 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.
    440 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
    440 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
    Kara Schroer
    Kara Schroer
    Real Estate License ID: 6501373674
    (269) 353-0311 (269) 569-0953 (616) 776-0100
    Learn more
    Google sign-in failed. Please try again or use another login method.