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Downtown Mixed-Use Building
For Sale
$229,900

42 W Chicago Street, Coldwater, MI 49036

COMMERCIAL - Coldwater, MI

Property Size5,040 SF
Lot Size0.04 Acres
Price / SF$45.62
Days on Market57

Property Features for 42 W Chicago Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Basement
Parking 510
Interior features Broadband
Elementary school district Coldwater
Middle school district Coldwater
High school district Coldwater
Standard status Active
APN 303-000-000-873-00
Size 5,040 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Per Title
Tax Annual Amount 1538
Legal Description Per Title

Utilities

Utilities Phone Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1940
Number of units 3
Building materials Brick, Stone
Listing Agency: Heritage Realty, Inc.
Listed By: Jeanni Lint-Adamson
Added: Jul 8 Changed: Aug 4 Last Checked: Sep 2 at 11:06AM
MLS# 26036869

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.

Investment Insights

Based on property information with market context.

This downtown Coldwater mixed-use building offers three levels of space. The main level is currently rented for a store area, and the third level features a 2-bedroom apartment. The second floor includes most of the materials for a 2-bedroom apartment, providing an additional path to complete residential space within the building. The property also has a full sprinkler system.

The building is located at 42 W Chicago Street in Coldwater, Michigan, in Branch County.

Key Highlights

  • 3‑level downtown Coldwater building with rentable store area on the main level and a 2‑bedroom apartment on the third level
  • 2nd‑floor layout includes most materials for a 2‑bedroom apartment (per provided remarks)
  • Brick and stone construction with central air and forced‑air heating

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
Single-tenant
Tenancy
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

163
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-level building with a leased storefront, a 2-bedroom apartment on the third level, and materials included for a second-floor unit.
Where is this triplex 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: 3‑level downtown Coldwater building with rentable store area on the main level and a 2‑bedroom apartment on the third level; 2nd‑floor layout includes most materials for a 2‑bedroom apartment (per provided remarks); Brick and stone construction with central air and forced‑air heating
More about this property
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