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    5239 N Coleman Rd Coleman, MI 48618

    For Sale
    $399,900

    8.82 acres of vacant commercial land, excellent development opportunity.

    Lot size:
    8.82 Acres

    Property Features for 5239 N Coleman Rd

    General Information

    Lot size
    8.82 Acres

    Source: Resource Realty Group Agent Larry Gotcher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Land Near US-10

    This property features 8.82 acres of vacant land. It is zoned C-2 (general commercial) and presents a development opportunity. The land is located off of N. Coleman Rd. and Old Orchard Dr., approximately 10 minutes from US-10 and the heart of downtown Coleman, MI. A gas station is conveniently located across from the property.
    Insight Report Location Intelligence

    Current Use by Public Records

    dg market Grocery Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Coleman
    County
    Midland
    State
    Michigan
    Longitude
    -84.586981
    Latitude
    43.770721

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    FAQs

    What type of property is this?
    Land - 8.82 acres of vacant commercial land, excellent development opportunity.
    Where is this land located?
    The property is located at 5239 N Coleman Rd Coleman, MI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - 8.82 acres of vacant land; - C-2 (general commercial) zoning; - Excellent development opportunity
    (734) 800-2040
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    5239 N Coleman Rd Coleman, MI 48618
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    Realmo Value Estimation

    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.

    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.

    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
    5239 N Coleman Rd Coleman, MI 48618
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