Freestanding Walgreens Drug
For Sale
Contact for pricing
500 E Chicago St., Coldwater, MI 49036
NN lease structure provides minimal landlord responsibilities at a signalized corner location.
Property SizeContact for details
Days on Market143
Property Features for 500 E Chicago St.
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
20,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Jameson Commercial Real Estate
(312) 751-0300
Listed By:
Mark Jones · License #IL 475107431
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 1:36AM
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 Jameson Commercial Real Estate
Investment Insights
Based on property information with market context.
This freestanding drug store is occupied by Walgreens, which has operated at the site for over 20 years. The tenant recently exercised a 5-yr. option, and the lease is structured with minimal landlord responsibilities. The property is positioned at the signalized intersection of Chicago St. and Michigan Ave., providing a hard-corner setting within Coldwater. Chicago St. is identified as US 12 and serves as the primary exit to Coldwater from Interstate 69. The corridor carries approximately 20,800 ADT, placing the store along a heavily traveled route serving communities near Michigan’s southern border.
Key Highlights
- Walgreens has operated at the property for over 20 years
- Tenant recently exercised a 5‑yr. option
- NN lease with minimal landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
20,800 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 28%
Electronics 3%
Shell
Shops & Services
13,269 visits/mo
0.2 miles
BIGGBY COFFEE
Dining
6,694 visits/mo
0.1 miles
Citgo
Shops & Services
2,924 visits/mo
0.4 miles
Muffler Man
Shops & Services
648 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
629 visits/mo
0.1 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
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Frequently Asked Questions
What type of property is this?
Drug store - NN lease structure provides minimal landlord responsibilities at a signalized corner location.
Where is this drug store located?
The property is located at 500 E Chicago St. Coldwater, MI.
What are key features of this property?
This property features: Walgreens has operated at the property for over 20 years; Tenant recently exercised a 5‑yr. option; NN lease with minimal landlord responsibilities
