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    Kalamazoo, MI
    Drug Store

    Kalamazoo, MI Drug Stores for Sale

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    Walgreens Drugstore with Drive-Thru
    Updated: Apr 29
    Walgreens Drugstore with Drive-Thru

    760 W Michigan Ave, Kalamazoo, MI 49007

    Contact for pricing
    14,550 sqft
    Single‑tenant Walgreens operating under an absolute net lease with corporate guarantee
    14,550 SF building on approximately 1.49 acres, built in 2014
    Drive‑thru included; beer and wine sales
    Lease term shows approximately eight years remaining
    High‑traffic frontage on W Michigan Ave (~20,707 vehicles/day) and nearby W Main St (~15,397 vehicles/day)
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    Former Walgreens Available for Sale
    Updated: Jan 29, 2025
    Former Walgreens Available for Sale

    918 Riverview Dr, Kalamazoo, MI

    Contact for pricing
    14,378 sqft 1.29 AC lot
    NN Lease in place until March 31, 2025, providing income.
    Priced at $1,992,360 ($151/SF) with an 8% cap rate on in‑place income.
    Located on a 1.44‑acre lot at a signalized corner.
    Freestanding former Walgreens building.
    High visibility and accessibility with approximately 15,500 VPD.
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Kalamazoo, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Drive-Through Drug Store Building
    Drive-Through Drug Store Building

    210 Hinckley Boulevard, Jackson, MI 49203

    $780,000
    10,128 sqft 1.46 AC lot

    Mostly open commercial interior with drive-through capability, customer parking, and adaptable pharmacy use.

    View details
    Freestanding Pharmacy Retail Building
    Freestanding Pharmacy Retail Building

    4252 Kalamazoo Avenue Southeast, Grand Rapids, MI 49508

    Contact for pricing
    3,707 sqft 0.33 AC lot

    Former pharmacy building with on-site parking, pylon signage, and storage basement in a high-traffic retail corridor.

    View details
    Retail Pharmacy Building with Drive-Through
    Retail Pharmacy Building with Drive-Through

    210 Hinckley Boulevard Unit SourceFi, Jackson, MI 49203

    $780,000
    10,128 sqft

    Adaptable pharmacy building with a largely open layout, drive-through capability, and parking for 46 vehicles.

    View details
    Pharmacy Retail Leasehold
    Pharmacy Retail Leasehold

    1964 Fuller Ave NE, Grand Rapids, MI 49505

    Contact for pricing

    Walgreens lease is in place with more than six years remaining and multiple five-year option periods.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Parcel with Road Frontage
    Land Parcel with Road Frontage

    1257 E Sherman Boulevard, Norton Shores, MI 49444

    $185,000
    0.23 AC lot

    Vacant land offering 218 feet of road frontage, with an additional parcel that includes a two-bedroom home.

    View details
    Hart, MI Undeveloped Commercial Land
    Hart, MI Undeveloped Commercial Land

    3308 W Monroe Road lot: B - 23.56 Acres, Hart, MI 49420

    $300,000
    23.56 AC lot

    23.56 acres of commercially zoned land near expressway.

    View details
    Undeveloped Land in Weare Township
    Undeveloped Land in Weare Township

    3308 W Monroe Road lot: C - 25.74 Acres, Hart, MI 49420

    $360,000
    25.74 AC lot

    25.74 acres of commercially zoned land near expressway.

    View details
    Hart, MI Undeveloped Commercial Land
    Hart, MI Undeveloped Commercial Land

    3308 W Monroe Road lot: A - 2.18 Acres, Hart, MI 49420

    $60,000
    2.18 AC lot

    2.18 acres of commercially zoned land near expressway.

    View details

    Kalamazoo, MI Drug Stores Market Trends and Statistics

    Explore 2 drug stores for sale in Kalamazoo, MI on our real estate platform. These investment opportunities span a total of 28,928 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 34
    Automotive properties 14
    Auto shops 7
    Showrooms 7
    Banks 6

    Demographics Overview

    Population 163K
    Population Growth (5Y) -1.2%
    Median Household Income $64,429
    College Educated 36.6%

    Taxes & Financing

    Tax Rate (average for all types) 4.16%
    Property Tax per SF $78.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kalamazoo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kalamazoo County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Kalamazoo fall within the 5,000 to 10,000 square foot range.

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