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500 Marshall St 11,958 SF 100% Leased Retail Building Coldwater, MI 49036 $995,000 ($83.21/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Visibility Corner Location with 15,982 vehicles per day and full-access via lighted intersection.
- Expansion Potential: Approx. 20,000 SF of adjacent land provides opportunity to double the center’s footprint.
- Synergy with Adjacent Fairfield Plaza: 130,671 SF center to the south features 20+ tenants including Sherwin-Williams, Subway, Shell, and more.
- Family Dollar occupies 76% of the GLA with excellent signage and frontage.
- Strong Trade Area: 21,500+ residents within a 5-mile radius, with regional draw from surrounding retailers.
- Tenant Mix: Retail, restaurant, and service users creating consistent, diverse traffic.
EXECUTIVE SUMMARY
Retail Investment Opportunity with Development Upside!
Fairfield Plaza–North is an 11,958 SF, three-tenant strip center situated on 1.38 acres at the signalized intersection of Marshall St. (Old US Hwy 27) and State St in Coldwater, MI. The property is anchored by Family Dollar, with strong cotenancy from Hungry Howie’s Pizza and a dental lab—all long-term tenants
with stable occupancy.
Fairfield Plaza–North is an 11,958 SF, three-tenant strip center situated on 1.38 acres at the signalized intersection of Marshall St. (Old US Hwy 27) and State St in Coldwater, MI. The property is anchored by Family Dollar, with strong cotenancy from Hungry Howie’s Pizza and a dental lab—all long-term tenants
with stable occupancy.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
11,958 SF
Building Class
C
Year Built
2000
Price
$995,000
Price Per SF
$83.21
Cap Rate
8.50%
NOI
$84,575
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.36 AC
Zoning
201 - Commercial - 201 - Commercial
Parking
25 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 302-000-000-003-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $726,550 |
PROPERTY TAXES
Parcel Number
302-000-000-003-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$726,550
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500 Marshall St
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