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Three-Level Mixed-Use Building
New
For Sale
$229,900

42 W Chicago Street, Coldwater, MI 49036

Downtown commercial property combines a leased storefront with residential apartment space across multiple floors.

Property Size5,040 SF
Days on Market4

Property Features for 42 W Chicago Street

General Information

Standard status Active
Size 5,040 SF
Total Parking Spaces 510
Property subtype Commercial

Units

Unit Mix 1 x 2BR
Multifamily Units 1

Additional Details

Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $1,538

Building Details

Building Size 5,040 SF
Year Built 1940
Buildings 1
Stories 5040
Units 3
Listing Agency: Heritage Realty, Inc.
Listed By: Jeanni Lint-Adamson
Source: Irishhillsfivestarhomes
Added: Aug 5 Changed: Aug 7 Last Checked: Aug 8 at 11:17AM

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 Heritage Realty, Inc.

Investment Insights

Based on property information with market context.

Built in 1940, this three-level mixed-use building at 42 W Chicago Street combines commercial and residential components. The main floor is occupied by a store area, while the top floor contains a two-bedroom apartment. The second level includes most materials needed for a two-bedroom apartment, providing an additional residential configuration within the building.

A full sprinkler system serves the property. Its downtown Coldwater setting places the building within the city’s central commercial environment, with a layout that includes storefront space and existing or planned apartment areas.

Key Highlights

  • Three‑level mixed‑use building in downtown Coldwater
  • Main level currently occupied by a store area
  • Third floor includes a two‑bedroom apartment

Property Analytics

Current Use

Safe Haven thirft ... Charitable Organization Branch Pride Association Or Organization Pavlov & Associates Accounting Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Cafe & Coffee Shop HVAC Service Acupuncture Daycare Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

538
Businesses Nearby
15k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
8,799 visits/mo 0.1 miles
Citgo Shops & Services
4,753 visits/mo 0.2 miles
Jackson Hewitt Tax Service Shops & Services
1,132 visits/mo 0.4 miles
Muffler Man Shops & Services
648 visits/mo 0.3 miles

Demographics for 49036, MI

24,632
Population
11,663
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
89%
High-School Grad
154.2 sq mi
ZIP Area
160
Density / Sq Mi
$59,649
Median Household Income
$33,205
Median Earnings
$913
Median Rent
$155,000
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown commercial property combines a leased storefront with residential apartment space across multiple floors.
Where is this mixed-use property located?
The property is located at 42 W Chicago Street Coldwater, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Three‑level mixed‑use building in downtown Coldwater; Main level currently occupied by a store area; Third floor includes a two‑bedroom apartment
More about this property
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