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    5239 Coleman Rd Coleman, MI 48618

    Sponsored
    For Sale
    $399,900

    8.82 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.82-acre vacant commercial land parcel presents a remarkable development opportunity in Coleman, Michigan. Located at 5239 N. Coleman Rd, this property boasts a highly desirable C-2 (General Commercial) zoning designation, opening doors to a wide array of commercial ventures. Situated conveniently near US-10, providing easy access to major transportation routes, and within a 10-minute radius of Coleman's downtown area, this site benefits from excellent visibility and proximity to local amenities. The land itself is largely raw, although some minimal upkeep has been performed by the owner for presentation purposes. The property's APN is 160-019-100-201-00. Its strategic location, coupled with its substantial size and versatile zoning, makes it an ideal investment for developers seeking to capitalize on the area's significant growth potential. The asking price for this prime commercial land is $399,900. This represents a unique chance to acquire a substantial parcel in a thriving Michigan community. Don't miss this chance to secure a piece of Coleman's future.

    Property Features for 5239 Coleman Rd

    General Information

    Property type
    Land
    Lot Size
    384,199 SF

    HighLights

    • Vacant 8.82‑acre lot.
    • 8.82 acres of raw land, lightly maintained.
    • Five‑minute drive to US‑10 Highway.
    • Ten‑minute drive to Coleman, MI downtown.
    • Located in a rapidly developing area.
    • Close proximity to local amenities.
    Property Profile 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
    -84.5885325
    Latitude
    43.7650137

    Nearby Comparable

    • $399,900

      Vacant Land Near US-10

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    Nearby Similar for Sale

    • $649,000
      1,560 SF

      Coleman, MI Grow Facility

      Municipality-approved green-zoned grow facility with indoor and outdoor opportunities.
      5802 Samantha Dr, Coleman, MI 48618
      View Details
    • $450,000
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      Spacious Home with Recreational Amenities

      15-acre property featuring a pool, volleyball court, and updated home.
      4262 W Fike Rd, Coleman, MI 48618
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      Multi-Family Investment Property in Coleman

      Five-unit multi-family property with long-term tenants in Coleman, MI.
      333 Jackson St, Coleman, MI 48618
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    • $280,000

      CBD Farm with Hydroponic Capabilities

      15-acre CBD farm with 3-bedroom ranch and pole barn.
      5852 NW County Line Rd, Coleman, MI 48618
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    • $95,000
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      Coleman Industrial Building - $95K

      Spacious 2-story commercial building, prime location.
      221 Railway St, Coleman, MI 48618
      View Details

    FAQs

    What type of property is this?
    Land - 8.82 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 5239 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: Vacant 8.82-acre lot.; 8.82 acres of raw land, lightly maintained.; Five-minute drive to US-10 Highway.
    Request Owner's contact information
    5239 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 Coleman Rd Coleman, MI 48618
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