500-18-20 Marshall St Coldwater, MI 49036

Property Details for 500-18-20 Marshall St

Lot size

1.38 lot acres

Property size

11,958 SF

Property type

Retail properties

Property subtype

Land

Description

This exceptional investment opportunity presents a 11,958 square foot retail center in Coldwater, Michigan, situated on a 1.38-acre lot. The property, known as Fairfield Plaza-North, boasts a prime location at the southeast corner of Marshall Street (Old US Hwy 27) and State Street, benefiting from a high average daily traffic count of 15,982 vehicles. The center features three long-term tenants: Family Dollar (9,120 sq ft), Hungry Howie's Pizza, and a dental laboratory, creating a diverse and stable tenant mix. The property offers excellent visibility with prominent fascia and pylon signage. An adjacent 20,000 square foot area presents significant expansion potential, doubling the current size. The property benefits from easy ingress and egress, and its location within a 5-mile radius of approximately 21,546 residents makes it an attractive investment. The asking price is $995,000, representing a 6.71% cap rate and a price per square foot of $83.21. This property is part of a larger retail complex, Fairfield Plaza, which further enhances its visibility and appeal. The property's strong tenant base, high traffic location, and expansion potential make it an ideal investment opportunity. The APN is 302-000-000-003-00.