221 Railway St Coleman, MI 48618-9799
This 5,292 square foot, two-story commercial building located at 221 E Railway in downtown Coleman, MI, presents a unique investment opportunity. Situated on a 0.07-acre lot, this property boasts excellent visibility and accessibility, making it ideal for a variety of businesses. Previously operating as a print shop for 36 years, the building has undergone significant upgrades, including complete rewiring with both single-phase and three-phase power, accommodating heavy machinery or specialized equipment. The main floor offers a 20x12 reception area, an 8x14 office, and a large 25x66 open shop area. A convenient 25x13 loading area at the rear ensures efficient logistics. Storefront parking is available, supplemented by ample municipal parking at the rear. The upper level features two finished rooms suitable for offices or storage, along with additional attic/storage space. Both floors include a half-bath. The main floor is climate-controlled with a forced air/natural gas furnace and central air conditioning. This versatile property offers immense potential for a new business venture or continuation of an existing one. Its prime location and updated infrastructure make it a rare find in the Coleman market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Coleman, MIColeman. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.