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539-571 E Chicago St
Coldwater, MI 49036
Coldwater Plaza · Retail Property For Sale
Investment Highlights
- Positioned on E Chicago Street, Coldwater’s primary retail corridor, ensuring strong visibility and access.
- Features ±35 acres of C4-zoned excess land adjacent to I-69, ideal for future development opportunities.
- Located near major retailers such as Walmart, Meijer, Aldi, Walgreens, Starbucks, and Taco Bell, boosting consumer draw.
- Currently 90% occupied with a tenant roster featuring recognized national and regional brands.
- Offers multiple ingress/egress points and ample parking to enhance customer convenience and tenant operations.
- Stable income stream supported by long-term leases with renewal options in place.
Executive Summary
Coldwater Shopping Center presents a stabilized retail investment offering strong fundamentals and immediate income. Positioned along E Chicago Street—Coldwater’s primary retail corridor—the property spans approximately 35,067 square feet across multiple suites and is currently 90% occupied by a mix of established national and regional tenants. These long-term lease structures provide predictable cash flow and mitigate rollover risk.
The site includes multiple access points, ample parking, and prominent frontage, ensuring visibility and access for both consumers and tenants. The offering also features approximately 35 acres of excess C4-zoned land along I-69, providing flexibility for potential future development and additional value creation. Surrounded by major retailers including Walmart, Meijer, Aldi, Walgreens, Starbucks, and AutoZone, the site benefits from strong consumer traffic and a robust commercial environment. This stabilized opportunity, with consistent NOI and favorable positioning within a high-demand corridor, offers investors long-term security and upside through continued tenant retention and potential redevelopment options.
The site includes multiple access points, ample parking, and prominent frontage, ensuring visibility and access for both consumers and tenants. The offering also features approximately 35 acres of excess C4-zoned land along I-69, providing flexibility for potential future development and additional value creation. Surrounded by major retailers including Walmart, Meijer, Aldi, Walgreens, Starbucks, and AutoZone, the site benefits from strong consumer traffic and a robust commercial environment. This stabilized opportunity, with consistent NOI and favorable positioning within a high-demand corridor, offers investors long-term security and upside through continued tenant retention and potential redevelopment options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
35,067 SF
Building Class
B
Year Built/Renovated
1945/1995
Price
$3,481,486
Price Per SF
$99.28
Cap Rate
8%
NOI
$278,519
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
4.58 AC
Zoning
C-4 - General Business District
Parking
75 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
256’ on E Chicago St
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 302-000-001-010-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $900,050 |
Property Taxes
Parcel Number
302-000-001-010-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$900,050
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