Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    111 Us-131 Three Rivers, MI 49093

    Sponsored
    For Lease
    $7 SF/Yr

    COMMERCIAL - Three Rivers, MI

    Property size:
    148,847 SF
    Lot size:
    11.23 Acres
    Days on Market:
    96
    Last Refresh:
    Jan 19 at 8:06 pm

    Property Features for 111 Us-131

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    051-399-066-01
    Fireplace
    1
    Size
    148,847 SF
    Lot size
    11.23 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air, Steam

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Kara Schroer

    NAI Wisinski of West Michigan (269) 353-0311

    Listing agent Kara Schroer (269) 353-0311

    Listing date Oct 16, 2025

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Three Rivers Industrial Buildings For Lease

    Two adjacent industrial buildings are available for lease, either separately or together, offering a combined area of up to 148,847 square feet. Located in Three Rivers, MI, along US-131, the properties are under new ownership and undergoing significant improvements. One of the buildings, located at 111 Day Road, is a 71,121 square foot manufacturing facility equipped with heavy power, cranes, static-resistant flooring, and an explosion-proof area. The facility is fully conditioned, making it suitable for a manufacturing company. The second building, located at 205 S. US 131, is a recently renovated 77,726 square foot light manufacturing facility featuring 16' ceilings, two docks, two overhead doors, heavy power, and cranes. This building has prominent frontage on US-131. Office space in either building can be leased separately. The location provides convenient access to M-60 and is less than 30 minutes from I-80/90. The lot size is 11.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rx Optical, a MyEyeDr. ... Eye Care Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Three Rivers
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.649677
    Latitude
    41.941281

    Nearby Similar for Lease

    • $8 SF/Yr
      26,205 SF

      Three Rivers Warehouse/Office Space

      Warehouse and office space available for lease in Three Rivers.
      57332 N Main St, Three Rivers, MI 49093
      View Details
    • $6 SF/Yr
      5,130 SF

      Office Space in Three Rivers

      Functional office and lab space in Three Rivers, Michigan.
      1500 Kdf Dr, Three Rivers, MI 49093
      View Details
    • $7 SF/Yr
      71,121 SF

      Industrial Property in Three Rivers

      71,121 SF industrial property with extensive infrastructure for lease.
      111 Day Dr, Three Rivers, MI 49093
      View Details
    • New
      $10 SF/Yr
      49,500 SF

      New Industrial Facility in Three Rivers

      49,500 SF industrial facility with modern amenities, convenient location.
      1100 N Main St, Three Rivers, MI 49093
      View Details
    • $9 SF/Yr
      40,000 SF

      New Industrial Facility For Lease

      40,000 SF industrial facility with modern amenities, near US-131.
      1100 N Main St, Three Rivers, MI 49093
      View Details
    • $16 SF/Yr
      1,200 SF

      Renovated Office Suite, Three Rivers

      Move-in ready office suite near downtown Three Rivers, Michigan.
      112 W Prutzman St Unit, Three Rivers, MI 49093
      View Details
    • $14 SF/Yr
      1,654 SF

      Renovated Office Suite, Three Rivers

      Move-in ready office suite near downtown Three Rivers.
      112 W Prutzman St Unit, Three Rivers, MI 49093
      View Details
    • $12 SF/Yr
      3,975 SF

      Three Rivers Warehouse/Industrial Space

      3,975 SF warehouse/industrial space with easy highway access.
      57582 N Main St, Three Rivers, MI 49093
      View Details
    • $12 SF/Yr
      4,000 SF

      Renovated Retail and Office Space

      Newly renovated retail and office spaces with high visibility.
      1100 N Main St, Three Rivers, MI 49093
      View Details
    • $12 SF/Yr
      9,500 SF

      Renovated Retail and Office Space

      Newly renovated retail and office spaces with high visibility.
      1100 N Main St, Three Rivers, MI 49093
      View Details
    • New
      $12 SF/Yr
      13,500 SF

      Renovated Retail and Office Space

      Newly renovated retail and office spaces available in Three Rivers.
      1100 N Main St, Three Rivers, MI 49093
      View Details
    • $5 SF/Yr
      12,440 SF

      Adaptable Retail Space For Lease

      16,540 SF retail building on 4.56 acres available for lease.
      57550 N Main St, Three Rivers, MI 49093
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Two adjacent industrial buildings available for lease in Three Rivers.
    Where is this manufacturing property located?
    The property is located at 111 Us-131 Three Rivers, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Up to 148,847 SF available in two adjacent industrial buildings, leased separately or together.; - **111 Day Road: 71,121 SF manufacturing facility with heavy power, cranes, static-resistant flooring, explosion-proof area, and is fully conditioned.**; - 205 S. US 131: 77,726 SF recently renovated light manufacturing facility with 16' ceilings, two docks, two OH doors, heavy power, and cranes.
    (269) 353-0311
    Request Owner's contact information
    111 Us-131 Three Rivers, MI 49093
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    111 Us-131
    Three Rivers, MI 49093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    111 Us-131 Three Rivers, MI 49093
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kara Schroer
    Real Estate License ID: 6501373674
    (269) 353-0311
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.