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    OFF-MARKET
    Retail space

    231 Railway St, Coleman, MI 48618-9799

    1,540 SF 0.04 ac lot
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US43-2096441
    Property summary
    AI-generated overview

    This exceptional 600-square-foot creative office space is ideally located on the second floor of a historic building in downtown Coleman, Michigan. The property boasts a private side street entrance, offering convenient and discreet access. Inside, you'll find three generously sized offices, perfect for individual workspaces or collaborative teams, along with a convenient restroom. The space is situated in a single, two-story building, and while there is no elevator, the second-floor location offers a degree of privacy and quiet. All utilities are included in the lease, simplifying budgeting and management. Recent upgrades include a brand-new furnace and air conditioning system, ensuring year-round comfort and energy efficiency. This prime location offers easy access to both Mount Pleasant and Midland, approximately 20 minutes away, making it an attractive option for businesses seeking a blend of historical charm and modern convenience. The property is situated in Midland County, at 231 E Railway St, Coleman, MI 48618. This is a single-tenancy space, perfect for a small business or professional seeking a unique and well-maintained office environment.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 1,540 SF
    Lot 0.04 ac (1,742 SF)
    Zoning code B-1
    APN 170-006-200-110-00
    UPID US43-2096441
    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
    Current use
    Occupant on record · Public records
    • Old Brick Bakery & Coffeehouse, LLC Bakery Specialty Food Shop
    • Bean Me Up Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bean Me Up LLC · 7 yrs held
    Bean Me Up LLC
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    B-1 · Coleman, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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