Coloma Commercial Property with
6720 Red Arrow Hwy, Coloma, MI 49038
Versatile commercial property with office, lifts, and development potential.
Type:Commercial
Property size:
3,114 SFLot size:
0.07 AcresPrice / SF:
$187/SF- Added:
- Mar 11, 2026
- Days on Market:
- 118
- Last Refresh:
- Jul 2 at 11:23 am
Property Features for 6720 Red Arrow Hwy
General Information
- Standard status
- Active
- Size
- 3,114 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing office (616) 559-7979
Listing date Mar 11, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Javier Rodriguez
HighLights
- Prime location just east of downtown Coloma with C‑1 Commercial zoning
- Spacious 2.4‑acre lot providing ample space for expansion
- Main office (3,114 sq ft) with 4 private offices, a breakout room, drive‑up window, and modern amenities
- Newer back building (2,800 sq ft) featuring 4 hydraulic lifts and a modern 200‑amp electrical setup
- Functional hydraulic lift available for vehicle maintenance
- Reliable utilities: municipal sewer and private well
Overview
Located just east of downtown Coloma, this property offers a unique opportunity. It has operated as a car dealership for the past 5 years, previously serving as a bank. The main office building features 3,114 square feet of space, including 4 private offices, a breakout room, and modern amenities. A drive-up window remains from its banking days. The single-story layout provides easy access and efficient use of space. A hydraulic lift is available. The furnace is 8 years old, and air conditioning is present. A newer back building spans 2,800 square feet and features 4 hydraulic lifts and a modern electrical setup with a 200-amp capacity. The property sits on approximately 2.4 acres of land, offering space for expansion or additional development. It is served by municipal sewer and a private well. Zoned C-1 Commercial, the property allows for a wide range of commercial uses. The front commercial zoning and residential zoning at the rear present diverse possibilities for business operations. The property is conducive to various business ventures.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $15.48 |
| − Vacancy | −$2.0k | −$0.65 |
| EGI | $46.2k | $14.83 |
| − OpEx | −$13.9k | −$4.45 |
| NOI | $32.3k | $10.38 |
3,114 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$461.8K
$404.1K – $538.8K
NOI $32,326 @ 7.0% cap · market cap 5.53%
Second Best
Industrial
$198.7K
$173.9K – $231.9K
NOI $13,912 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$655.3K
$573.4K – $764.5K
NOI $45,869 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
V-Force Auto Sales
Car Dealership
Hospitals At Lake Lane
Medical Clinic
Similar Places Nearby
- GAGE TOWING — 7033 Red Arrow Hwy, Coloma, MI 49038
- Broadwater Maxi Muffler — 7053 Red Arrow Hwy, Coloma, MI 49038
- Harmon Glass Doctor of Mi — 6964 Red Arrow Hwy, Coloma, MI 49038
- Hi-Tech Automotive — 6965 Red Arrow Hwy, Coloma, MI 49038
- Performance Plus Quick Lube and Car Wash centers — 6964 Red Arrow Hwy, Coloma, MI 49038
Location Insight
- Map
- Local Demand
- City
- Coloma
- County
- Berrien
- State
- Michigan
- Longitude
- -86.2957
- Latitude
- 42.1856
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Versatile commercial property with office, lifts, and development potential.
Where is this auto shop located?
The property is located at 6720 Red Arrow Hwy Coloma, MI.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Prime location just east of downtown Coloma with C‑1 Commercial zoning; Spacious 2.4‑acre lot providing ample space for expansion; Main office (3,114 sq ft) with 4 private offices, a breakout room, drive‑up window, and modern amenities
