Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    200 E Broadway Street Three Rivers, MI 49093

    View on Map
    For Lease
    $10 SF/Yr

    COMMERCIAL - Three Rivers, MI

    Property size:
    8,160 SF
    Lot size:
    1.61 Acres
    Added:
    May 20, 2025
    Days on Market:
    318
    Last Refresh:
    Apr 2 at 10:06 am

    Property Features for 200 E Broadway Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Fireplace
    1
    Standard status
    Active
    APN
    051 245 220 00
    Size
    8,160 SF
    Lot size
    1.61 Acres

    Taxes and HOA fees

    TaxDescription
    LOTS 7, 8, 9, 10, 11 & W FRL PT LOT 12 LYG W OF RR R/W BLK 57. ALSO LOTS 1, 3, 4, 5, 6 & E FRL PT LOT 2 BLK 58 VILLAGE LOCKPORT CITY OF THREE RIVERS.

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Kara Schroer
    Kara Schroer

    Listing agent Kara Schroer License #6501373674

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date May 20, 2025

    MLS# 25022957

    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.

    Overview

    Three Rivers Industrial Space Available

    This 8,000+ SF industrial space is located in Three Rivers, Michigan, minutes from US-131 and M-60. The facility features an open warehouse and a functional office area. It includes two 8-foot dock doors. The property has a large, fully fenced yard suitable for outdoor storage or staging. It is located on a 1.61-acre lot. This location is suitable for manufacturers, contractors, or distribution users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Fourteenth Street Storage — 421 14th St, Three Rivers, MI 49093

    Location Insight

    • Map
    • Local Demand
    City
    Three Rivers
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.632284
    Latitude
    41.933571

    Nearby Similar for Lease

    • $12/mo

      Renovated Retail and Office Space

      Newly renovated retail and office spaces available in Three Rivers.
      1100 N Main Street unit: Combo 1144 & 1150, Three Rivers, MI 49093
      View Details
    • $6/mo

      Office Space in Three Rivers

      Functional office and lab space in Three Rivers, Michigan.
      1500 KDF Drive, Three Rivers, MI 49093
      View Details
    • $12/mo

      Renovated Retail and Office Space

      Newly renovated retail and office spaces with high visibility.
      1100 N Main Street unit: 1144, Three Rivers, MI 49093
      View Details
    • $12/mo

      Renovated Retail and Office Space

      Newly renovated retail and office spaces with high visibility.
      1100 N Main Street unit: 1150, Three Rivers, MI 49093
      View Details
    • $10/mo

      New Industrial Facility in Three Rivers

      49,500 SF industrial facility with modern amenities, convenient location.
      1100 N Main Street unit: Combo - 1150 & 1170, Three Rivers, MI 49093
      View Details
    • $5/mo

      Adaptable Retail Space For Lease

      16,540 SF retail building on 4.56 acres available for lease.
      57550 N Main Street, Three Rivers, MI 49093
      View Details
    • $9/mo

      New Industrial Facility For Lease

      40,000 SF industrial facility with modern amenities, near US-131.
      1100 N Main Street unit: 1170, Three Rivers, MI 49093
      View Details
    • $12/mo

      Three Rivers Restaurant Opportunity

      Restaurant space for lease with frontage on two lakes.
      59640 County Line Road, Three Rivers, MI 49093
      View Details
    • $5/mo

      Industrial Building Near M-60, US-131

      10,192 SF industrial building suitable for manufacturing, tooling, or storage.
      315 7th Avenue, Three Rivers, MI 49093
      View Details
    • $7/mo

      Three Rivers Industrial Buildings For Lease

      Two adjacent industrial buildings available for lease in Three Rivers.
      111 Day Drive unit: Combo 205 Us-131, Three Rivers, MI 49093
      View Details
    • $7/mo

      Industrial Property in Three Rivers

      71,121 SF industrial property with extensive infrastructure for lease.
      111 Day Drive, Three Rivers, MI 49093
      View Details
    • $8/mo

      Three Rivers Warehouse/Office Space

      Warehouse and office space available for lease in Three Rivers.
      57332 N Main Street, Three Rivers, MI 49093
      View Details

    FAQs

    What type of property is this?
    Warehouse - 8,000+ SF industrial space in Three Rivers, move-in ready.
    Where is this warehouse located?
    The property is located at 200 E Broadway Street Three Rivers, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 8,000+ SF industrial space ideal for various businesses.; Conveniently located minutes from US‑131 and M‑60.; Move‑in ready facility with spacious open warehouse.
    (269) 353-0311
    We can help!
    Listing Contact
    Kara Schroer
    Kara Schroer
    Real Estate License ID: 6501373674
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!