Property profile

101 Carriage Ln Coldwater, MI 49036

OFF-MARKET
Industrial properties
Property ID
US43-3098625
1 SF 6.57 ac lot Built 2005
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Property summary

AI-generated overview

This exceptional 6.57-acre parcel presents a remarkable multi-family development opportunity in the thriving city of Coldwater, Michigan. Strategically located near the Clemons Food Group campus and the convenience of I-69, this property offers unparalleled access to major transportation routes and a robust local economy. The site is zoned A3, MULTI-FAMILY RESIDENTIAL DISTRICT, allowing for a high-density development with an estimated potential of up to 220 units. Existing infrastructure, including established roadways and readily available water and sewer services, significantly reduces development costs and timelines. The property's prime location is further enhanced by its proximity to a variety of amenities, including The Apartments at Sauk Trail, Home Depot, Camping World, a Holiday Inn Express & Suites, a movie theater, and numerous dining establishments. This vibrant community atmosphere ensures a high demand for residential units, making this a highly attractive investment for developers seeking a lucrative and strategically positioned project. The 1-square-foot building on the property is not considered a significant factor in the overall value proposition. This is a rare opportunity to acquire a large, well-situated parcel ready for immediate development in a rapidly growing area. The asking price is $1,450,000.

Property profile

Verified
Property type Industrial properties
Year built 2005
Total area 1 SF
Lot 6.57 ac (286,189 SF)
UPID US43-3098625

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

101 Carriage Ln Coldwater, MI 49036
Coldwater metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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