Property profile

221 Railway St Coleman, MI 48618

OFF-MARKET
Retail space
Property ID
US43-2144995
5,292 SF 0.07 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

This 5,292 square foot, two-story commercial building located at 221 E Railway in downtown Coleman, MI, presents a unique investment opportunity. Situated on a 0.07-acre lot, this property boasts excellent visibility and accessibility, making it ideal for a variety of businesses. Previously operating as a print shop for 36 years, the building has undergone significant upgrades, including complete rewiring with both single-phase and three-phase power, accommodating heavy machinery or specialized equipment. The main floor offers a 20x12 reception area, an 8x14 office, and a large 25x66 open shop area. A convenient 25x13 loading area at the rear ensures efficient logistics. Storefront parking is available, supplemented by ample municipal parking at the rear. The upper level features two finished rooms suitable for offices or storage, along with additional attic/storage space. Both floors include a half-bath. The main floor is climate-controlled with a forced air/natural gas furnace and central air conditioning. This versatile property offers immense potential for a new business venture or continuation of an existing one. Its prime location and updated infrastructure make it a rare find in the Coleman market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 5,292 SF
Lot 0.07 ac (3,049 SF)
Zoning code B-1
APN 170-006-200-090-00
UPID US43-2144995

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

221 Railway St Coleman, MI 48618-9799
Coleman metro Census 291700 MIDLAND, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$145k

Owner & transaction history

since 2025
1 recorded transaction
2025
$65,000

Zoning & alternative use

B-1 · Coleman, MI
Zoning description

It is the intent and purpose of this district to provide neighborhood shopping areas to meet the day to day convenience shopping, service and professional needs of area residents

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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