Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    892 E Chicago St, Unit I-J Coldwater, MI 49036

    View on Map
    Sponsored
    For Lease
    $12 SF/Yr ($12,000 /Mo)

    COMMERCIAL - Coldwater, MI

    Type:Office
    Property size:
    12,000 SF
    Lot size:
    1.42 Acres
    Days on Market:
    46
    Last Refresh:
    Mar 7 at 1:06 am

    Property Features for 892 E Chicago St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    301-000-000-831-00
    Parking
    54
    Parking features
    Driveway
    Fireplace
    1
    Size
    12,000 SF
    Lot size
    1.42 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1991
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Jodi K Milks

    NAI Wisinski of West Michigan (269) 353-0311

    Listing agent Jodi K Milks (269) 459-0439

    Listing date Jan 21, 2026

    MLS# 24061991

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Coldwater Office Suite For Lease

    An in-line office suite offering 2,000 square feet is available for lease within The Phoenix Building, a multi-tenanted commercial building encompassing 12,000 square feet. The building is located in Coldwater. Recent updates under new ownership include a new roof, parking lot, sidewalks, and pylon sign. The site provides 54 parking spaces. Its location is less than 1 mile from the I-69/E. Chicago St. (US-12) interchange and within 2 miles of downtown Coldwater. The property is co-tenanted by Beltone, Paige Jamison, NP-C, Prompt Care, In Touch Massage Therapy, and NovaCare Rehabilitation. Neighboring tenants include Meijer, Tractor Supply Company, Family Farm & Home, Walmart, and Home Depot. The property is zoned C-4, General Business District, allowing for a wide range of uses. The lot size is 1.42 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nicole L. Hatt, ... Alternative Medicine Practice Coldwater Chiropractic: Flowers-Mapes ... Alternative Medicine Practice Prompt Care Medical Clinic NovaCare Rehabilitation - Coldwater Medical Clinic Dr. Howard S. ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coldwater
    County
    Branch
    State
    Michigan
    Longitude
    -84.963545
    Latitude
    41.933834

    Nearby Similar for Lease

    • $8 SF/Yr
      132,629 SF

      Versatile Retail Space in Coldwater

      Adaptable commercial space suitable for retail, office, or fitness uses.
      480 Marshall St, Coldwater, MI 49036
      View Details
    • $7 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      480 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      440 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      488 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      476 Marshall St, Coldwater, MI 49036
      View Details
    • $7 SF/Yr
      132,629 SF

      Retail Center in Coldwater, Michigan

      132,629 SF retail center on 10.03 acres for lease.
      430 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Center in Coldwater, MI

      132,629 SF retail center on 10.03 acres for lease.
      488 Marshall St, Coldwater, MI 49036
      View Details
    • $8 SF/Yr
      132,629 SF

      Retail Space in Fairfield Plaza

      End-cap retail space available in Coldwater's Fairfield Plaza.
      426 Marshall St Unit, Coldwater, MI 49036
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Willowbrook Village

      Retail space available in a busy shopping center.
      373 N Willowbrook Rd, Coldwater, MI 49036
      View Details
    • $6 SF/Yr
      132,629 SF

      Coldwater Retail Center Opportunity

      132,629 SF Retail Space Available
      430 Marshall St, Coldwater, MI 49036
      View Details

    FAQs

    What type of property is this?
    Office units - 2,000 SF office suite available in multi-tenant building.
    Where is this office units located?
    The property is located at 892 E Chicago St, Unit I-J Coldwater, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Convenient location less than 1 mile from I-69/E. Chicago St. (US-12) interchange and within 2 miles of downtown Coldwater.; - Recent updates include **a new roof, parking lot, sidewalks, and pylon sign.**; - 2,000 SF in-line office suite in a multi-tenanted commercial building.
    (269) 353-0311
    Request Owner's contact information
    892 E Chicago St, Unit I-J Coldwater, MI 49036
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    892 E Chicago St, Unit I-J
    Coldwater, MI 49036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    892 E Chicago St, Unit I-J Coldwater, MI 49036
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jodi K Milks
    Real Estate License ID: 6502339107
    (269) 353-0311 (269) 459-0439 (269) 207-1040
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!