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    15 Washington St Coldwater, MI 49036

    Sponsored
    For Sale
    $3,000,000

    Historic Coldwater multifamily & office building.

    Property size:
    45,271 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Roosevelt Building, located at 15 E Washington St, Coldwater, MI 49036, presents a unique investment opportunity. This multifamily and executive office building, built in 1923 and extensively renovated in 2001, boasts 45,271 square feet of space, priced at $3,000,000 ($66.27 per square foot). The property sits on a 2.17-acre lot and offers 130 on-site parking spaces, supplemented by an adjacent 158-space free municipal lot. Its permitted zoning is OS. The building's prime location offers walkability to Coldwater's downtown area. This property presents a compelling opportunity for various uses, including its current configuration as multifamily housing, or potential conversion to senior housing or self-storage. The building's history, combined with its recent renovations and ample parking, makes it an attractive investment in a thriving Michigan community. The APN is 301-000-000-048-00. This is a rare chance to acquire a substantial property in a desirable location with significant upside potential.

    Property Features for 15 Washington St

    General Information

    Property type
    Multifamily properties
    Square Feet
    45,271 SF
    Lot Size
    94,525 SF

    Building Details

    Year Built/Renovated
    1923/2001

    HighLights

    • 45,271 SF multifamily building with potential for senior housing or self‑storage conversion.
    • Built in 1923, extensively renovated in 2001.
    • $3,000,000 sale price ($66.27 PSF).
    • 130 on‑site parking spaces.
    • Adjacent 158‑space free municipal parking lot.
    • Walkable to Coldwater's downtown.
    Property Profile Location Intelligence

    Current Use by Public Records

    Infinisource Inc Business Management Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Coldwater
    County
    Branch
    State
    Michigan
    Longitude
    -85.0004191
    Latitude
    41.9380623

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    FAQs

    What type of property is this?
    Multifamily property - Historic Coldwater multifamily & office building.
    Where is this multifamily property located?
    The property is located at 15 Washington St Coldwater, MI.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 45,271 SF multifamily building with potential for senior housing or self-storage conversion.; Built in 1923, extensively renovated in 2001.; $3,000,000 sale price ($66.27 PSF).
    Request Owner's contact information
    15 Washington St Coldwater, MI 49036
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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
    15 Washington St Coldwater, MI 49036
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