Former Walgreens Available for
For Sale
Contact for pricing
918 Riverview Drive, Kalamazoo, MI 49048
Freestanding retail property with NN lease in place until 2025.
Property SizeContact for details
Days on Market306
Property Features for 918 Riverview Drive
General Information
Standard status
Active
Property subtype
NN
Listing Agency:
Greysteel
Listed By:
Lance Ahmadian · License #MD #648561
(703) 402-6292
Source:
Greysteel
Added: Nov 24, 2025
Changed: Sep 23
Last Checked: Sep 26 at 5:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greysteel
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a freestanding former Walgreens. The property is located on a 1.44-acre lot at a signalized corner, benefiting from approximately 15,500 vehicles per day, which provides visibility and accessibility. Walgreens vacated the premises in March 2024, but their NN lease remains in effect until March 31, 2025, allowing a prospective buyer time to identify a new tenant. The property is suitable for retail use.
Key Highlights
- 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Lee's Famous Recipe Chicken
Dining
5,202 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
3,619 visits/mo
0.4 miles
AutoZone
Shops & Services
2,468 visits/mo
0.5 miles
PNC Bank
Shops & Services
1,520 visits/mo
0.3 miles
Monro Auto Service and Tire Centers
Shops & Services
1,131 visits/mo
0.4 miles
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- COVID-19 Drive-thru Testing at Walgreens — 918 Riverview Dr, Kalamazoo, MI 49048
- Richard Corstange — 918 Riverview Dr, Kalamazoo, MI 490481752
- TruAura Beauty with Sue — 1312 Wayside Rd, Kalamazoo, MI 49048
- Borgess Outpatient Pharmacy — 1521 Gull Rd, Kalamazoo, MI 49048
- Ascension Rx - Kalamazoo Pharmacy — 1521 Gull Rd, Kalamazoo, MI 49048
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding retail property with NN lease in place until 2025.
Where is this drug store located?
The property is located at 918 Riverview Drive Kalamazoo, MI.
What are key features of this property?
This property features: 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**.
