Multi-vector models dominate Visual Document Retrieval (VDR) due to their fine-grained matching capabilities, but their high storage and computational costs present a major barrier to practical deployment. In this paper, we propose ColChunk, a plug-and-play framework that introduces multimodal late chunking to construct efficient, contextualized multi-vectors. Unlike existing pruning or fixed-token approaches, ColChunk employs hierarchical clustering on patch-level embeddings, fused with a 2D position prior to ensure spatial-semantic coherence. This adaptive grouping allows for a content-aware representation that preserves global context while drastically reducing the vector count. Evaluations across 24 VDR datasets demonstrate ColChunk achieves over a 90% reduction in storage requirements while simultaneously delivering a 9-point average improvement in nDCG@5 across representative single-vector models. ColChunk provides a practical solution for balancing retrieval accuracy and efficiency in visual document systems.