Listed by Marcus & Millichap - Detroit
$550,000
Sherwin Williams Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 10,368
Net Rentable (SqFt) 10,368
Units 3
Cap Rate 9.05%
NOI $49,755
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $53
Year Built 1955
Year Renovated 1970
Buildings 2
Acreage 1.100
Ground Lease No
Retail | 9.05% CAP | 10,368 SqFt
Marketing description
Two building plaza with totaling 10,368 square feet anchored by Sherwin Williams since 1969. A salon and local merchant occupy nearly 4,000 square feet, all on gross leases. Located one mile north of downtown Coldwater on Old US Hwy. 27 across from Fairfield Plaza, Family Dollar and Subway.
Investment highlights
- Sherwin Williams - 56 Year Operating History - Build to Suit in 1969
- Renovated Plaza - New Siding and 2 New HVAC units, Parking Lot Repaired and Sealed
- Three Tenant Plaza with 4,800 Square Foot Out Lot Across from Family Dollar and Subway
- Coldwater- County Seat of Branch County - 7 Mile Population - 25,474 & $78,690 Average HH Income
- Less than One Mile from Downtown and Coldwater Elementary, Middle and High School Campuses
- Located on Old US Hwy. 27 / Marshall Street Across from Family Dollar, Hungry Howie's and Subway
Listing Contacts
Listed by Marcus & Millichap - Detroit
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,755.00
$4,146.25/mo
Valuation Metrics
0
DSCR
9.05%
Cap Rate
9.05%
ROI
Map
Zoning
C1 CommercialGeneral CommercialCommunity Business District
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View all 19 uses
View all 19 uses Last updated Mar 4, 2026 For deeper zoning details, reports are available at Zoneomics
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