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Heavy Industrial near I-69 with Fenced Lot 70 Homer Dr 39,474 SF Vacant Industrial Building Online Auction Sale Coldwater, MI 49036
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Turnkey warehouse facility featuring durable block construction, 3 dock doors, 3 overhead doors, an 18-foot clear height, and a 600-amp power supply.
- Flexible zoning permits heavy industrial activities, including manufacturing, processing, distribution, and cannabis-related uses.
- Reach essential amenities on E Chicago Street, with national retailers Walmart Supercenter, The Home Depot, CVS, Applebee’s, Culver’s, and more.
- Convenient access to I-69, with central placement between I-94 and I-90, providing connectivity to Detroit, Cleveland, Chicago, and Indianapolis.
- Fenced 7.6-acre lot with parking for 50+ vehicles, front loading, and room for future expansion that can tap robust Opportunity Zone tax benefits.
- Neighboring vital industrial facilities for Mastronardi Produce/Maroa Farms, Leader Logistics Group, and Sekisui Voltek LLC.
EXECUTIVE SUMMARY
Embrace the perfect new home to grow an industrial business with the flexible facility at 70 Homer Drive in Coldwater, Michigan. Situated with robust loading infrastructure, a well-connected location, and ample room for future expansion, this exceptional opportunity is a perfect choice for heavy industrial, manufacturing, processing, distribution, or cannabis businesses.
Spanning a total of 39,474 square feet featuring durable block construction, this turnkey facility boasts functional specs that enable efficient operations for tenants or owner/users. Loading and unloading at the property is seamless, with three overhead doors, three loading docks, and an 18-foot clear height that allows for vertical storage. The property is served by a 600-amp power supply.
The property sits on a fenced 7.6-acre lot that delivers abundant parking for 50+ vehicles, as well as ample room for future expansion. Developments at the property will benefit from its Opportunity Zone location, providing substantial potential capital gains tax incentives to offset development costs. No new space has been delivered in the area during the past decade, allowing a new owner of 70 Homer Drive to access high-demand new inventory in a tight market with vacancies of just 1.8%. Coupled with the existing building’s multi-tenant potential, there is a strong opportunity for users to lease unused or newly created spaces to local tenants and significantly offset their costs.
Situated at the center of Michigan’s southern border, 70 Homer Drive presents a premier destination for distribution/logistics and warehousing, with convenient access to Interstate 69 and Indiana. The property is also just 2.9 miles from the Branch County Memorial Airport. The location allows businesses to seamlessly move goods to major surrounding metros, reaching Detroit and Grand Rapids in approximately two hours, and Chicago, Indianapolis, and Cleveland in approximately three hours. The strength of the area for industrial operations has attracted a number of nearby businesses, and the property is closely neighbored by vital locations for Mastronardi Produce/Maroa Farms, Leader Logistics Group, and Sekisui Voltek LLC.
70 Homer Drive offers convenience for employees, providing immediate access to Downtown Coldwater and the E Chicago Street retail corridor. This lively strip features a variety of local shops and restaurants, alongside household-name national brands such as Walmart Supercenter, The Home Depot, Meijer, CVS, O’Reilly Auto Parts, Applebee’s, Buffalo Wild Wings, Culver’s, McDonald’s, and more.
Property tours are by appointment only. Please contact the listing broker to schedule.
Spanning a total of 39,474 square feet featuring durable block construction, this turnkey facility boasts functional specs that enable efficient operations for tenants or owner/users. Loading and unloading at the property is seamless, with three overhead doors, three loading docks, and an 18-foot clear height that allows for vertical storage. The property is served by a 600-amp power supply.
The property sits on a fenced 7.6-acre lot that delivers abundant parking for 50+ vehicles, as well as ample room for future expansion. Developments at the property will benefit from its Opportunity Zone location, providing substantial potential capital gains tax incentives to offset development costs. No new space has been delivered in the area during the past decade, allowing a new owner of 70 Homer Drive to access high-demand new inventory in a tight market with vacancies of just 1.8%. Coupled with the existing building’s multi-tenant potential, there is a strong opportunity for users to lease unused or newly created spaces to local tenants and significantly offset their costs.
Situated at the center of Michigan’s southern border, 70 Homer Drive presents a premier destination for distribution/logistics and warehousing, with convenient access to Interstate 69 and Indiana. The property is also just 2.9 miles from the Branch County Memorial Airport. The location allows businesses to seamlessly move goods to major surrounding metros, reaching Detroit and Grand Rapids in approximately two hours, and Chicago, Indianapolis, and Cleveland in approximately three hours. The strength of the area for industrial operations has attracted a number of nearby businesses, and the property is closely neighbored by vital locations for Mastronardi Produce/Maroa Farms, Leader Logistics Group, and Sekisui Voltek LLC.
70 Homer Drive offers convenience for employees, providing immediate access to Downtown Coldwater and the E Chicago Street retail corridor. This lively strip features a variety of local shops and restaurants, alongside household-name national brands such as Walmart Supercenter, The Home Depot, Meijer, CVS, O’Reilly Auto Parts, Applebee’s, Buffalo Wild Wings, Culver’s, McDonald’s, and more.
Property tours are by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
3D Exterior
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Auction Sale | Year Built/Renovated | 1940/1980 |
| Type of Ownership | Fee Simple | Parking Ratio | 1.27/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 7.60 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 39,474 SF | Parcel Number | 304-000-000-564-00 |
| Zoning | D-2 - Industrial D-2 , Qualifies for Cannabis Cultivation, Processing, Provisioning, Retail, and Transport. | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 7.60 AC |
| Rentable Building Area | 39,474 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1940/1980 |
| Parking Ratio | 1.27/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | D-2 - Industrial D-2 , Qualifies for Cannabis Cultivation, Processing, Provisioning, Retail, and Transport. |
| Parcel Number | 304-000-000-564-00 |
AMENITIES
- Fenced Lot
- Yard
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Detroit
672,662
125
2 h 29 m
Indianapolis
867,125
177
3 h 19 m
Chicago
2,705,994
179
3 h 27 m
Columbus
892,533
210
4 h 19 m
Nashville
669,053
465
8 h 35 m
Washington
702,455
556
10 h 29 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
32,425
Total Labor Force
15,255
Unemployment Rate
4.01%
Median Household Income
$57,424
Warehouse Employees
4,933
High School Education Or Higher
90.60%
$ values in USD
SALE ADVISOR
SALE ADVISOR
Jack Melton, Investment Advisory Services
Jack Melton joined Colliers as a National Investment and Capital Markets Advisor specializing in the acquisition and disposition of stabilized and value-add properties across the U.S. With a track record of helping clients maximize value through strategic repositioning, sale-lease backs, net lease, auction sales, tenant advisory services, development and targeted leasing, I work closely with private investors, developers, and institutional groups to execute tailored investment strategies that align with market trends and long-term goals.
ABOUT THE AUCTION TECHNOLOGY
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AUCTION CONTACT
Taylor Cunningham
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 6505431586
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Heavy Industrial near I-69 with Fenced Lot | 70 Homer Dr
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Heavy Industrial near I-69 with Fenced Lot | 70 Homer Dr
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