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Investment Highlights
- 61,538-SF industrial facility on 3.24 acres with D-2 zoning offers a functional, move-in-ready layout with 4,000 SF of office and warehouse space.
- Turnkey opportunity within a critical Midwest distribution corridor offering strong transportation access and functional design.
- Over $600,000 in capital improvements completed, including a vapor mitigation system addressing environmental conditions for long-term usability.
- Located between Interstate 69 and US 12, providing strong regional access with connectivity to Interstate 94 and Indiana Toll Rd (Interstate 80/90).
- Configured for operations with 600-amp, 480-volt, 3-phase power, 4 dock-high doors with levelers, and 3 grade-level doors for flexible industrial use.
- Approximately 1 acre of outdoor storage or expansion area enhances flexibility for staging, storage, and future growth and scalability.
Executive Summary
Callander Commercial is pleased to present the opportunity to acquire a 61,538-square-foot industrial facility located at 325 Jay Street in Coldwater, Michigan. Situated on 3.24 acres and zoned D-2 (Industrial), the property offers a functional, move-in-ready layout with approximately 4,000 square feet of office space and a well-configured warehouse. Over $600,000 worth of capital improvements have been completed, including a vapor mitigation system addressing known environmental conditions, positioning the asset for immediate occupancy and long-term usability. Lease with Purchase Option Available.
Strategically situated between Interstate 69 and US 12, the asset benefits from immediate regional connectivity, with access to Interstate 94 and the Indiana Toll Road (Interstate 80/90), enabling efficient distribution to major Midwest markets, including Chicago and Detroit. This location advantage supports both owner/users and investors seeking logistics-oriented positioning with strong transportation access.
Well-equipped to support a variety of industrial operations, 325 Jay Street features 600-amp, 480-volt, 3-phase power, four loading docks with levelers, and three grade-level doors. Additional attributes include sprinklered fire protection, public utilities, gas-fired heating, and video surveillance, ensuring operational readiness and functionality. The property also offers approximately 1 acre of outdoor storage or expansion potential, along with 5,000 square feet of mezzanine/upper-level storage, further enhancing flexibility for users with storage or light manufacturing needs.
325 Jay Street presents a compelling opportunity to acquire a well-located, turnkey industrial asset with solid infrastructure, meaningful capital improvements, and strong logistical positioning within a critical Midwest distribution corridor.
Strategically situated between Interstate 69 and US 12, the asset benefits from immediate regional connectivity, with access to Interstate 94 and the Indiana Toll Road (Interstate 80/90), enabling efficient distribution to major Midwest markets, including Chicago and Detroit. This location advantage supports both owner/users and investors seeking logistics-oriented positioning with strong transportation access.
Well-equipped to support a variety of industrial operations, 325 Jay Street features 600-amp, 480-volt, 3-phase power, four loading docks with levelers, and three grade-level doors. Additional attributes include sprinklered fire protection, public utilities, gas-fired heating, and video surveillance, ensuring operational readiness and functionality. The property also offers approximately 1 acre of outdoor storage or expansion potential, along with 5,000 square feet of mezzanine/upper-level storage, further enhancing flexibility for users with storage or light manufacturing needs.
325 Jay Street presents a compelling opportunity to acquire a well-located, turnkey industrial asset with solid infrastructure, meaningful capital improvements, and strong logistical positioning within a critical Midwest distribution corridor.
Property Facts
| Price | $2,116,843 CAD | No. Stories | 1 |
| Price Per SF | $34.40 CAD | Year Built/Renovated | 1957/1977 |
| Sale Type | Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.22/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 3.23 AC | No. Drive In / Grade-Level Doors | 3 |
| Rentable Building Area | 61,538 SF | Opportunity Zone |
Yes
|
| Zoning | D-5 - Heavy Industrial | ||
| Price | $2,116,843 CAD |
| Price Per SF | $34.40 CAD |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.23 AC |
| Rentable Building Area | 61,538 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/1977 |
| Tenancy | Single |
| Parking Ratio | 1.22/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | D-5 - Heavy Industrial |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 61,538 SF
- Industrial
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 61,538 SF | Industrial | - | Now |
1st Floor
| Size |
| 61,538 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Detroit
672,662
121
2 h 27 m
Chicago
2,705,994
169
3 h 28 m
Indianapolis
867,125
178
3 h 21 m
Columbus
892,533
210
4 h 20 m
Nashville
669,053
465
8 h 36 m
Washington
702,455
556
10 h 30 m
Access and Labor Force
10 Miles
Total Population
33,472
Total Labor Force
15,932
Unemployment Rate
4.84%
Median Household Income
$62,214
Warehouse Employees
5,213
High School Education Or Higher
90.50%
$ values in USD
Property Taxes
| Parcel Number | 304-000-000-569-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $482,257 CAD |
Property Taxes
Parcel Number
304-000-000-569-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$482,257 CAD
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325 Jay St
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