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Financial
Distress signals
Property profile

209 E Railway St Coleman, MI 48618

FOR SALE
Turn key restaurants
Property ID
US43-2294464
702 SF 0.07 ac lot
Last sale Jun 2013 · $7,100
Individually Owned Owner of record is an individual. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$645
Tax billed · 2022
Assessed value · 2023$12k
Effective rate5.47%

Value estimate

· Oct 2026
$80k
$72k – $88k
NOI build-up
Gross scheduled income$11k
Vacancy & credit loss−$1k
Operating expenses−$2k
NOI · 5.62% cap applied$7k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
5.62%
$7k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
B-1
It is the intent and purpose of this district to provide neighborhood shopping areas to meet the day to day convenience shopping, service...
General categoryCOMMERCIAL
JurisdictionMIDLAND

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 agency11.7
Auto Repair Shop10.0
HVAC Service9.8

Location

209 E Railway St Coleman, MI 48618
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

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

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
102 Railway, Coleman, MI 48618-9715 $72,000 May 2025 1,530 SF
115 4th, Coleman, MI 48618-8924 $150,000 Sep 2023 1,890 SF
305 Railway, Coleman, MI 48618-9790 $25,000 Mar 2023 1,281 SF
203 Railway, Coleman, MI 48618-9799 $15,000 Aug 2021 1,034 SF
307 Railway, Coleman, MI 48618-9790 $18,000 Aug 2020 688 SF
219 Railway, Coleman, MI 48618-9799 $50,000 Jul 2020 1,998 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?”
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