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Shopping Center with Excess C4 Land
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539-571 E Chicago St, Coldwater, MI 49036

Primarily leased shopping center with 90% occupancy and excess C4-zoned land with freeway visibility.

Property Size35,067 SF
Price / SF$99.28
Days on Market71

Property Features for 539-571 E Chicago St

General Information

Standard status Active
Size 35,067 SF
Property subtype RETAIL
Zoning C4
Occupancy 90%

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: AQRE Advisors
Listed By: Sebastian Halabo · License #6501451598
Source: Moodyscre
Added: Jul 1 Changed: Aug 27 Last Checked: Sep 8 at 9:43AM

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 AQRE Advisors

Investment Insights

Based on property information with market context.

Coldwater Shopping Center is a value-add retail investment currently 90% occupied, supported by in-place NOI of approximately $278,519 from operating tenancy. The property is primarily leased to established national and regional tenants under long-term lease structures with renewal options.

The center is located along E Chicago Street, the primary retail corridor within the market, and is surrounded by national retailers including Walmart, Meijer, Aldi, Walgreens, Starbucks, Taco Bell, and AutoZone. The property features multiple access points, frontage visibility, and ample parking for convenient ingress and egress.

The offering also includes approximately 35 acres of C4-zoned excess land along I-69, presenting a development opportunity with freeway visibility and flexible zoning for future commercial uses.

Key Highlights

  • Coldwater Shopping Center is 90% occupied with operating NOI of approximately $278,519
  • Primarily leased to established national and regional tenants on long‑term lease structures with renewal options
  • Located on E Chicago Street, the market’s primary retail corridor, surrounded by retailers including Walmart, Meijer, Aldi, Walgreens, and more

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Nail Salon (Bike/Boat/Book/etc) Store Hair Salon

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

90%
Occupancy
Multi-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

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

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?
Shopping center - Primarily leased shopping center with 90% occupancy and excess C4-zoned land with freeway visibility.
Where is this shopping center located?
The property is located at 539-571 E Chicago St Coldwater, MI.
What is the asking price?
The asking price for this property is $3,481,486.
What are key features of this property?
This property features: Coldwater Shopping Center is 90% occupied with operating NOI of approximately $278,519; Primarily leased to established national and regional tenants on long‑term lease structures with renewal options; Located on E Chicago Street, the market’s primary retail corridor, surrounded by retailers including Walmart, Meijer, Aldi, Walgreens, and more
(248) 497-1678 Call to check price and availability
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