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

    V/L Hov Aire Drive unit 5.5 Acres Three Rivers, MI 49093

    View on Map
    Pending
    $88,000

    COMMERCIAL - Three Rivers, MI

    Lot size:
    5.50 Acres
    Added:
    Jul 16, 2025
    Days on Market:
    260
    Last Refresh:
    Apr 1 at 7:06 pm

    Property Features for V/L Hov Aire Drive unit 5.5 Acres

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    APN
    7505154000800
    Lot size
    5.50 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    To be determined.
    TaxAnnualAmount
    1

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    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 Jul 16, 2025

    MLS# 25035074

    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 Land Available

    Vacant industrial lots are available for sale in the City of Three Rivers' Airport Industrial Park, situated off the heavily traveled highway M-60. The location is approximately 13 miles north of I-80/90 and 21 miles south of I-94. The property is 5.5 acres. Water and sewer services are available. Lot sizes may be modified to fit user needs. The property is located in Three Rivers, Michigan.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Three Rivers
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.609704
    Latitude
    41.959769

    Nearby Similar for Sale

    • $319,900
      5,430 SF

      Historic Three Rivers Office Building

      Unique commercial property with historical significance and office use.
      801 Portage Avenue, Three Rivers, MI 49093
      View Details
    • $299,000
      5,430 SF

      Historic Three Rivers Office Building

      Unique commercial property with historical significance in Three Rivers, MI.
      801 Portage Avenue, Three Rivers, MI 49093
      View Details
    • $349,000
      5,130 SF

      Three Rivers Office with Lab

      Efficient office space with lab area and ample parking.
      1500 KDF Drive, Three Rivers, MI 49093
      View Details
    • $3,600,000
      3,097 SF

      Automated Car Wash Investment Opportunity

      Thriving car wash business with real estate and equipment included.
      655 S US Hwy 131, Three Rivers, MI 49093
      View Details
    • $319,000
      5,120 SF

      Renovated Commercial Building on M-86

      Updated 5120 SF building on 0.95 acres, move-in ready.
      17050 M-86, Three Rivers, MI 49093
      View Details
    • $119,900
      600 SF

      Turnkey Commercial Building in Three Rivers

      Updated commercial building in the heart of Three Rivers, Michigan.
      102 N Lincoln Avenue, Three Rivers, MI 49093
      View Details
    • $450,000
      6,100 SF

      Established Car Wash Business Opportunity

      High-traffic car wash with expansion potential in Three Rivers, MI.
      1025 W Michigan Avenue, Three Rivers, MI 49093
      View Details
    • $350,300

      Riverfront Quadplex in Three Rivers

      Well-maintained quadplex with river frontage and 100% occupancy.
      416 River Street, Three Rivers, MI 49093
      View Details
    • $52,000

      Commercial Lot with River Frontage

      One-acre commercial lot with frontage on the St. Joseph River.
      203 S Main Street, Three Rivers, MI 49093
      View Details
    • $56,688

      Three Rivers Land Near Lake

      Spacious rural building site near Pleasant Lake and Three Rivers.
      Highfield Road lot: 6, Three Rivers, MI 49093
      View Details
    • $350,300

      Riverfront Quadplex in Three Rivers

      Well-maintained quadplex with river frontage and 100% occupancy.
      500 River Street, Three Rivers, MI 49093
      View Details
    • $67,588

      Residential Land Near Pleasant Lake

      Spacious rural building site near Three Rivers and Pleasant Lake.
      Highfield Road lot: 7, Three Rivers, MI 49093
      View Details

    FAQs

    What type of property is this?
    Land - Vacant industrial lots in Three Rivers' Airport Industrial Park.
    Where is this land located?
    The property is located at V/L Hov Aire Drive unit 5.5 Acres Three Rivers, MI.
    What is the asking price?
    The asking price for this property is $88,000.
    What are key features of this property?
    This property features: Located in the City of Three Rivers' Airport Industrial Park off M‑60.; Lot sizes can be modified to fit user needs.; Priced at $16,000 per acre.
    (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!