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Financial
Distress signals
Property profile

500 Washington St Coloma, MI 49038

FOR LEASE
Other warehouses
Property ID
US43-3462652
40,192 SF 4.2 ac lot Built 1959
Last sale Mar 2023 · $67,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A roughly 4,000-square-foot industrial outbuilding configured for clear, open-space use, measuring approximately 40 feet by 100 feet with 14-foot sidewall height and up to a 19-foot peak height. The structure is equipped with overhead lighting and includes two drive-up bay doors, each approximately 9 feet tall by 8 feet 10 inches wide, providing direct truck, van, trailer, and equipment access. The property sits on a large gravel lot with extensive parking and vehicle turnaround space,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value · 2024$192k
Effective rate3.99%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$41/SF
County average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$16 – $70

Cap rate analysis

How does the asset earn?
1,798,200.00%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERRIEN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.0
Hair Salon10.9
Law Firm10.7

Location

500 Washington St Coloma, MI 49038
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 12 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
151 Saint Joseph, Coloma, MI 49038-9707 $126,500 Apr 2024 7,866 SF
Red Arrow, Coloma, MI 49038 $473,854 Nov 2022 15,120 SF
320 Park, Coloma, MI 49038-9485 $300,000 Mar 2021 27,957 SF
Coloma, MI 49038 $65,000 Jan 2021 1,920 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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