Cross Streets: Red Arrow Hwy & E Center St
Property Sub-Type: Retail
Municipality: Coloma Twp
Principal Road: Yes
Auction or For Sale: For Sale
List Price/SqFt: 145.09
Prop Avail for Lease?: No
New Construction: No
Lot Dimensions: 200 X 400
Road Frontage: 200
Mineral Rights: Unknown
Waterfront: No
Total # Units: 1
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 4032
Property Use Type: Vacant/Owner-User
School District: Coloma
Lot Measurement: Acres
Lot Acres: 0.07
Lot Square Footage: 3099
Year Built: 1975
Full Baths: 2
Total Baths: 2
Taxable Value: 103200
SEV: 103200
For Tax Year: 2024
Seller's Annual Property Tax: 5448.85
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: unknow
Non-Conforming Use: No
Zoning: Commercial
Tax ID #: 11-08-0028-0002-04-8
Public Remarks: Situated just east of downtown Coloma, this property presents a rare opportunity. Formerly a bank, it has successfully operated as a car dealership for the past 5 years. The main office boasts 4 private offices, a breakout room, and modern amenities, making it conducive to various business ventures The drive-up window from its banking days remains, offering convenience and versatility.
The main office spans 3,114 square feet and features a single story layout, providing ease of access and efficient use of space.
A hydraulic lift is available for vehicle maintenance needs.
The furnace, only 8 years old, ensures comfort during colder months, while the AC keeps the environment pleasant.
The property sits on approximately 2.4 acres of land, providing ample space for expansion or additional development.
Municipal sewer and a private well serve the property, ensuring reliable utility services.
Legal: THE N 400'OF THE W 200'OF THE N1/2 OF THE W1/2 OF THE E1/2 OF THE NW1/4 SEC 28 T3S R17W EXC HWY R/W
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Auto Service: 1
Retail: 1
Equipment: 1
Inventory: 1
Real Estate: 1
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
2nd Mortgage: 1
Cash: 1
Conventional: 1
Land Contract: 1
Unit Description: Main Floor
SqFt: 1952
Occupied: Yes
# Baths: 2
Close Of Escrow: 1
Close Plus 30 Days: 1
County: Berrien
Street #: 6720
Street Name: Red Arrow
Suffix: Highway
State: MI
Zip Code: 49038
Zip (4): 9703
Area: Southwestern Michigan - S
Status: Active
Current Price: $585,000
List Price: $585,000
Listing Date: 2025-09-15
Directions: Centrally located in Coloma/Southwest Michigan, easy access from I-94 to highly traveled Red Arrow Highway.
Uses: Auto Service; Retail
Business Includes: Equipment; Inventory; Real Estate
Construction Type: Frame/Wood
Exterior Material: Brick; Stone
Roofing: Composition
Sewer: Public Sewer
Water: Public Water; Well
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: 2nd Mortgage; Cash; Conventional; Land Contract
Docs at List Office: Aerial Photo; Other
Sale Conditions: None
Possession: Close Of Escrow; Close Plus 30 Days