Add Listing
    For Sale
    • 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

    4863 Us Highway 12 Three Oaks, MI 49128

    View on Map
    Sponsored
    For Sale
    $298,500

    COMMERCIAL - Three Oaks, MI

    Type:Retail
    Property size:
    3,500 SF
    Lot size:
    1.63 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 5 at 10:06 am

    Property Features for 4863 Us Highway 12

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 1, Basement
    Bathrooms
    1
    APN
    11-09-0006-0006-02-1
    Size
    3,500 SF
    Lot size
    1.63 Acres

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Water source
    Well

    Building Details

    Year built
    1930
    Floors in Building
    1
    Number of units
    1
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Maggie Olson
    Maggie Olson

    Cressy & Everett R.E. of Harbor Country (269) 469-1256

    Listing agent Maggie Olson (269) 469-1256

    Listing date Mar 1, 2026

    MLS# 25049228

    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

    Historic US 12 Commercial Building

    This 1.6-acre parcel features a well-built commercial building with potential, situated in a prominent, high-visibility location with 428 ft of frontage on the heavily traveled and historic US 12 highway. The building provides 3,500 sq. ft. of usable space, including 2,100 sq. ft. of original maple floors and original ceilings. Constructed in the 1930s, the building features steel beam construction, a new roof installed in 2024, 600-AMP electrical service, newer windows, and a large basement with high ceilings. Originally operated as a roadhouse restaurant, the property is currently used as a fully equipped woodshop and could include a professional spray booth, dust collection system, and compressed air lines throughout the building. The property is near the art community of Three Oaks. It could be a restaurant, a studio or gallery space, or designed for a live-work space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Big Box & Wholesale Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Three Oaks
    County
    Berrien
    State
    Michigan
    Longitude
    -86.570966
    Latitude
    41.798688

    Nearby Similar for Sale

    • $849,000
      Pending

      Versatile Commercial Property on US-12

      Expansive commercial property in Three Oaks, MI, with high visibility.
      6736 Us Highway 12, Three Oaks, MI 49128
      View Details
    • $90,000
      5,864 SF

      Retail/Office Space in Three Oaks

      Located in Three Oaks near retail, dining, and entertainment.
      4 W Linden St, Three Oaks, MI 49128
      View Details
    • $779,000
      6,568 SF

      Versatile Property with Business Potential

      Unique property suitable for residential, commercial, or entrepreneurial ventures.
      15320 Three Oaks Rd, Three Oaks, MI 49128
      View Details
    • $305,000

      Charming Duplex in Three Oaks

      Affordable duplex with rental income potential in Three Oaks.
      210 W Locust #A, Three Oaks, MI 49128
      View Details
    • $350,000

      Hobby Farm with Highway Frontage

      Hobby farm in high-growth, tourist area with highway frontage.
      7079 Us-12, Three Oaks, MI 49128
      View Details
    • $90,000

      Retail/Office Space in Three Oaks

      Retail or office space in growing Three Oaks village.
      4 Linden St W, Three Oaks, MI 49128
      View Details

    FAQs

    What type of property is this?
    Storefront property - 1.6-acre parcel with 3,500 sq ft commercial building.
    Where is this storefront property located?
    The property is located at 4863 Us Highway 12 Three Oaks, MI.
    What is the asking price?
    The asking price for this property is $298,500.
    What are key features of this property?
    This property features: - High-visibility location with 428 ft of frontage on heavily traveled US 12; - Large 1.6-acre parcel with a well-built 3,500 sq. ft. commercial building; - New roof installed in 2024
    (269) 612-1350
    Request Owner's contact information
    4863 Us Highway 12 Three Oaks, MI 49128
    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.
    4863 Us Highway 12
    Three Oaks, MI 49128
    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
    4863 Us Highway 12 Three Oaks, MI 49128
    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
    Maggie Olson
    Maggie Olson
    Real Estate License ID: 6501284410
    (269) 612-1350 (269) 469-1256
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!