Property profile

403 Washington St Coleman, MI 48618

OFF-MARKET
Individual retail properties
Property ID
US43-2023016
2,800 SF 0.33 ac lot Built 1971
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Individual retail properties
Use group LAUNDROMAT (SELF-SERVICE)
Year built 1971
Total area 2,800 SF
Lot 0.33 ac (14,375 SF)
Zoning code B-1
APN 170-003-100-430-00
UPID US43-2023016

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

403 Washington St Coleman, MI 48618-8937
Coleman metro Census 291700 MIDLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2023
Last sale
$111,000
1 recorded transaction
2023
$111,000

Zoning & alternative use

B-1 · Coleman, MI
Zoning description

It is the intent and purpose of this district to provide neighborhood shopping areas to meet the day to day convenience shopping, service and professional needs of area residents

General category COMMERCIAL

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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