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    Kalamazoo, MI Drug Stores for Sale

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    Portage, MI Parchment, MI Oshtemo, MI
    Former Walgreens Available for Sale
    $1,488,888
    14,378 SF
    Former Walgreens Available for Sale

    918 Riverview Dr, Kalamazoo, MI

    Freestanding retail property with NN lease in place until 2025.
    • 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.
    Updated: Jan 29, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

    Pharmacy-Anchored Multi-Tenant Retail Center
    $1,310,000
    20,810 SF
    Pharmacy-Anchored Multi-Tenant Retail Center

    Fully leased NNN retail center with master lease rights to CVS Pharmacy and multiple anchored tenants.

    4210 Crescent Avenue, Fort Wayne, IN 46815

    View details
    Versatile Retail Space in Alma
    $3,300,000
    14,820 SF
    Versatile Retail Space in Alma

    Adaptable commercial property with drive-through, ideal for various businesses.

    1420 Wright Avenue, Alma, MI 48801

    View details
    Multi-Tenant Retail Center with CVS
    $1,310,000
    20,810 SF
    Multi-Tenant Retail Center with CVS

    Fully leased multi-tenant NNN retail center with a master lease for a large CVS pharmacy.

    4210 Crescent Avenue, Fort Wayne, IN 46815

    View details
    Adaptable Commercial Property in Alma
    $3,300,000
    14,820 SF
    Adaptable Commercial Property in Alma

    Versatile 14,820 sqft commercial space in a high-traffic location.

    1420 Wright Avenue, Alma, MI 48801

    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.

    Commercial Land Near US-31
    $185,000
    0.23 Acres
    Commercial Land Near US-31

    Commercial land with high visibility near medical facilities and retailers.

    1257 E Sherman Boulevard, Norton Shores, MI 49444

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    Hart, MI Undeveloped Commercial Land
    $300,000
    23.56 Acres
    Hart, MI Undeveloped Commercial Land

    23.56 acres of commercially zoned land near expressway.

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

    View details
    Undeveloped Land in Weare Township
    $360,000
    25.74 Acres
    Undeveloped Land in Weare Township

    25.74 acres of commercially zoned land near expressway.

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

    View details
    Hart, MI Undeveloped Commercial Land
    $60,000
    2.18 Acres
    Hart, MI Undeveloped Commercial Land

    2.18 acres of commercially zoned land near expressway.

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

    View details

    Kalamazoo, MI Drug Stores Market Trends and Statistics

    Explore 1 drug stores for sale in Kalamazoo, MI on our real estate platform. These investment opportunities span a total of 14,378 square feet of properties for sale, with an estimated market value of $1,488,888.

    Sale prices for pharmacies in Kalamazoo, MI start at $1,488,888, averaging $1,488,888, and reaching up to $1,488,888 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 13
    Automotive properties 11
    Showrooms 6
    Auto shops 4
    Banks 3

    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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