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    OFF-MARKET
    Industrial properties

    101 Carriage Ln, Coldwater, MI 49036

    1 SF 6.57 ac lot Built 2005
    Property ID
    US43-3098625
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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