Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Commercial Building in Coldwater Title is generated by Realmo AI

    440 S Clay Street, Coldwater, MI 49036

    View on Map
    Claim this Listing
    For Sale
    $179,900

    COMMERCIAL - Coldwater, MI

    Property size:
    1,200 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $149/SF
    Added:
    Apr 3, 2026
    Days on Market:
    49
    Last Refresh:
    May 21 at 10:06 am

    Property Features for 440 S Clay Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking
    12
    Interior features
    Broadband
    Standard status
    Active
    APN
    304-000-000-598-00
    Size
    1,200 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    On file at listing office.
    Tax Annual Amount
    4043

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Number of units
    1
    Building materials
    Metal Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Grace Roberts Elevate Team

    Listing agent Grace Roberts Elevate Team License #6501416028

    Listing office Michigan Top Producers 49 W Chicago Suite A, Coldwater, MI

    Listing date Apr 3, 2026

    MLS# 26013488

    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.

    HighLights

    • Turnkey 1,200 sq ft commercial building suitable for business or office space.
    • Modern, stylish, and functional renovated interior.
    • Versatile space previously used as a salon and currently as office space.
    • Includes a private restroom and break area with a sink.
    • Central air conditioning for year‑round comfort.
    • Spacious parking area with 12 dedicated spots.

    Overview

    This renovated 1,200 sq ft commercial building in Coldwater, MI, presents a business opportunity or office space. The property has been updated with a modern design. Previously operated as a salon and currently used as office space, the property offers versatility for various business ideas. The layout includes a private restroom and a break area with a sink. Central air conditioning is installed for climate control. A parking area provides 12 dedicated spots. The lot size is 0.45 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hair Force I Hair Salon

    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
    -85.005622
    Latitude
    41.927812

    Nearby Similar for Sale

    • $275,000
      2,995 SF

      Turnkey Business Opportunity on US-12

      Commercial building with business opportunity on highly traveled US-12.
      354 W Chicago Street, Coldwater, MI 49036
      View Details
    • $329,900
      9,704 SF

      Turnkey Metal Fabrication Business Opportunity

      Metal fabrication business with building and equipment in Coldwater industrial park.
      169 Industrial Avenue, Coldwater, MI 49036
      View Details
    • $300,000
      3,600 SF

      Downtown Coldwater Office Building

      Commercially zoned office building in downtown Coldwater.
      62 W Chicago Street, Coldwater, MI 49036
      View Details
    • $9,510,280

      Freestanding PNC Bank in Coldwater

      Single tenant PNC Bank for sale in Coldwater, Michigan.
      505 East Chicago St, Coldwater, MI 49036
      View Details
    • $179,900
      3,000 SF

      Commercial Property Near I-69

      Commercial property with living space and potential business opportunities.
      798 S Angola Road, Coldwater, MI 49036
      View Details
    • $1,300,000
      2,600 SF

      Coldwater Restaurant Opportunity For Sale

      Quick-serve restaurant on the main trade street.
      399 East Chicago Street, Coldwater, MI, 49036
      View Details
    • $199,900

      Downtown Duplex with Four-Car Garage

      Charming duplex in downtown Coldwater, MI with a four-car garage.
      Coldwater, MI 49036
      View Details
    • $3,000,000
      45,271 SF

      Mixed-Use Property in Coldwater, MI

      Mixed-use property available for sale in Coldwater, Michigan.
      15 E Washington St, Coldwater, MI 49036
      View Details

    FAQs

    What type of property is this?
    Office units - Turnkey 1,200 sq ft commercial building, versatile for various businesses.
    Where is this office units located?
    The property is located at 440 S Clay Street Coldwater, MI.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Turnkey 1,200 sq ft commercial building suitable for business or office space.; Modern, stylish, and functional renovated interior.; Versatile space previously used as a salon and currently as office space.
    (517) 677-4407
    We can help!
    Listing Contact
    Grace Roberts Elevate Team
    Real Estate License ID: 6501416028
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    440 S Clay Street, Coldwater, MI 49036
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!