Updated Storefront
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
(269) 273-8185
Listed By:
Josh Nagy · License #6506046197
(269) 806-4525
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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Review the available facts, identify missing information and prepare questions for the agent.
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.
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
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
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
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
99k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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
