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Updated Storefront Property
New
For Sale
$119,900

102 N Lincoln Avenue, Three Rivers, MI 49093

Recent electrical and plumbing work supports a range of small commercial operations.

Property Size600 SF
Price / SF$199.83
Days on Market2

Property Features for 102 N Lincoln Avenue

General Information

Standard status Active
Size 600 SF
Total Parking Spaces 10
Property subtype Commercial
Zoning Commercial

Taxes and HOA fees

Annual Taxes $9,893

Amenities

on-site parking

Building Details

Building Size 600 SF
Year Built 1955
Buildings 1
Stories 1
Units 1
Listing Agency: Berkshire Hathaway HomeServices Michigan Real Estate
Listed By: Josh Nagy · License #6506046197
Source: Case-realty
Added: Nov 3 Last Checked: Nov 3 at 11:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Michigan Real Estate

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Investment Insights

Based on property information with market context.

This 600-square-foot commercial storefront, built in 1955, has new electrical and plumbing systems, fresh interior paint, and updated floor coverings. The compact space is suited to a small-scale business use.

The property is at 102 N Lincoln Avenue in Three Rivers, Michigan, with frontage along West Michigan Avenue and Lincoln Drive. On-site parking serves the property.

Key Highlights

  • 600‑square‑foot commercial storefront
  • New electrical and plumbing systems, with fresh paint and updated floor coverings
  • Frontage along West Michigan Avenue and Lincoln Drive

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$6,229
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$124,580 $124.6K
Cap Rate 7%
$88,986 $89.0K
Cap Rate 9%
$69,211 $69.2K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$9.3K $15.48/SF
− Vacancy
−$390 −$0.65/SF
EGI
$8.9K $14.83/SF
− OpEx
−$2.7K −$4.45/SF
NOI
$6.2K $10.38/SF
Area
St. Joseph County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$124,580
Cap Rate 7%
$88,986
Cap Rate 9%
$69,211

Alternative Uses

Best Use
Retail
$89.0K
$77.9K – $103.8K (±1% cap)
NOI $6,229 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.48M
$6.54M – $8.72M (±1% cap)
NOI $523,331 @ 7.0% cap · market cap 436.47%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom HVAC Service Daycare Center Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

614
Businesses Nearby
99k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 63% Home Improvements & Furnishings 16% Shops & Services 15% Apparel 4%
McDonald's Dining
21,847 visits/mo 0.3 miles
Taco Bell Dining
13,500 visits/mo 0.3 miles
Tractor Supply Co. Home Improvements & Furnishings
10,857 visits/mo 0.5 miles
Burger King Dining
9,499 visits/mo 0.3 miles
Dollar General Shops & Services
9,392 visits/mo 0.4 miles

Demographics for 49093, MI

18,215
Population
8,512
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
92%
High-School Grad
105.6 sq mi
ZIP Area
172
Density / Sq Mi
$63,040
Median Household Income
$36,916
Median Earnings
$824
Median Rent
$174,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - Recent electrical and plumbing work supports a range of small commercial operations.
Where is this storefront property located?
The property is located at 102 N Lincoln Avenue Three Rivers, MI.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 600‑square‑foot commercial storefront; New electrical and plumbing systems, with fresh paint and updated floor coverings; Frontage along West Michigan Avenue and Lincoln Drive
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