Versatile Mixed-Use Property with
15320 Three Oaks Rd Three Oaks, MI 49128
For Sale
$699,000
Unique property offering business and residential opportunities with impressive amenities.
Property Size2,667 SF
Price / SF$262.09
Days on Market78
Property Features for 15320 Three Oaks Rd
General Information
- Standard status
- Active
- Size
- 2,667 SF
- Property subtype
- Commercial
Listing Agency:
Coldwell Banker Residential Brokerage
(269) 449-4663
Listed By:
Sandy Fenderbosch · License #6506040710
(269) 449-4663
Source:
Elliman
Added: May 9
Changed: Jul 10
Last Checked: Jul 25 at 6:17AM
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 Coldwell Banker Residential Brokerage
Investment Insights
Based on property information with market context.
This mixed-use property offers versatile possibilities and amenities suitable for various business opportunities. The main building features a 2,667 sq ft commercial area on the lower level, suitable for business ventures. The upper level contains a 1,917 sq ft two-bedroom apartment, providing a comfortable living space. A secondary building includes a 992 sq ft warehouse on the lower level, ideal for storage or workshop needs. The upper level of the secondary building features a newly constructed one-bedroom apartment with modern accommodations. Additional features include a screened-in gazebo and a 12x16 heated in-ground pool for relaxation and outdoor enjoyment. A 1200 sq ft garage provides ample parking. The property is located in Chikaming Township, Berrien, MI. The bike score is 15, indicating it is somewhat bikeable, and the walk score is 0, indicating car dependence.
Key Highlights
- Versatile property suitable for residential, commercial, or entrepreneurial use, offering multiple income streams.
- Main building features a large 2,667 sq ft commercial space and a separate 1,917 sq ft two‑bedroom apartment.
- Secondary building includes a 992 sq ft warehouse and a newly constructed one‑bedroom apartment.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $15.48 |
| − Vacancy | −$1.7k | −$0.65 |
| EGI | $39.6k | $14.83 |
| − OpEx | −$11.9k | −$4.45 |
| NOI | $27.7k | $10.38 |
2,667 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$395.5K
$346.1K – $461.4K
NOI $27,686 @ 7.0% cap · market cap 3.96%
Second Best
Mixed Use
$385.8K
$337.5K – $450.1K
NOI $27,003 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$561.2K
$491.1K – $654.8K
NOI $39,285 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Caesar's Pools LLC
General Contractor
FAQs
What type of property is this?
Mixed-use property - Unique property offering business and residential opportunities with impressive amenities.
Where is this mixed-use property located?
The property is located at 15320 Three Oaks Rd Three Oaks, MI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Versatile property suitable for residential, commercial, or entrepreneurial use, offering multiple income streams.; Main building features a large 2,667 sq ft commercial space and a separate 1,917 sq ft two‑bedroom apartment.; Secondary building includes a 992 sq ft warehouse and a newly constructed one‑bedroom apartment.
