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    867 Chicago St Coldwater, MI 49036

    Sponsored
    For Sale
    $1,550,000

    5.12 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 5.12-acre commercial property, located at 867 E Chicago St in Coldwater, Michigan (zip code 49036), presents a remarkable investment opportunity. Zoned C-4, this prime development site boasts 275 feet of frontage along a major retail corridor, ensuring high visibility and accessibility. The asking price is $1,550,000, translating to $302,734 per acre. The property includes two existing buildings, offering potential for immediate use or redevelopment. Its strategic location places it amongst a thriving retail landscape, neighboring established businesses such as Home Depot, Meijer, Walmart, Aldi, Camping World, Harbor Freight, Auto Zone, Dollar Tree, Applebee's, and Biggby Coffee, among many others. The property's APN is 302-000-001-100-00. This location offers significant potential for a variety of commercial ventures, capitalizing on the high traffic volume and established commercial presence in the area. The substantial lot size and prime location make this an ideal opportunity for developers and investors seeking a high-return investment in a strong retail market. This property is ready for your vision.

    Property Features for 867 Chicago St

    General Information

    Property type
    Land
    Lot Size
    223,027 SF

    HighLights

    • Strong co‑tenancy with Home Depot, Meijer, Walmart, and other national retailers.
    • 275 feet of frontage on E Chicago St.
    • Two existing buildings on‑site, offering immediate usability.
    • Excellent development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coldwater
    County
    Branch
    State
    Michigan
    Longitude
    -84.9641575
    Latitude
    41.9352511

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    FAQs

    What type of property is this?
    Land - 5.12 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 867 Chicago St Coldwater, MI.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Strong co-tenancy with Home Depot, Meijer, Walmart, and other national retailers.; 275 feet of frontage on E Chicago St.; Two existing buildings on-site, offering immediate usability.
    Request Owner's contact information
    867 Chicago St Coldwater, MI 49036
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    Coldwater, MI 49036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    867 Chicago St Coldwater, MI 49036
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