Property profile

62 Chicago St Coldwater, MI 49036

OFF-MARKET
Commercial real estate
Property ID
US43-3676591
0.45 ac lot
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.45 ac (19,602 SF)
APN 301-000-000-052-00
UPID US43-3676591

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

62 Chicago St Coldwater, MI 49036-1631
Coldwater metro Census 951400 COLDWATER, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2024
3 recorded transactions
2024
$390,000
2012
Price N/A
2012
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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