62 Chicago St, Coldwater, MI 49036-1631
This iconic Coldwater, MI commercial property, located at 62 W Chicago Street Unit 62, presents a unique investment opportunity. The building, a recognizable landmark in the downtown area, boasts 3,600 square feet of usable space on the main level, perfectly suited for a variety of professional office uses. It has been continuously occupied as professional office space since 1977, demonstrating its enduring appeal and suitability for business operations. Adding to its functionality is a partially finished 3,600 square foot basement, offering significant potential for expansion or additional storage. The property includes six designated parking spaces in a rear lot, historically maintained by the city, ensuring convenient parking for employees and clients. Its prime location places it within easy walking distance of the Tibbits Opera House, numerous restaurants, and the bustling "four corners" intersection, guaranteeing high visibility and accessibility for any business. The 0.16-acre lot provides ample space and contributes to the overall value of this exceptional commercial property. The asking price is $395,000. This is a rare opportunity to acquire a well-established, high-profile commercial building in the heart of Coldwater. Its history, location, and substantial square footage make it an ideal investment for discerning buyers seeking a strong presence in a thriving downtown area.
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Vested Risk Strategies, Inc. Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.