Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Mixed-Use Property with Amenities Title is generated by Realmo AI

    15320 Three Oaks Rd, Three Oaks, MI 49128

    View on Map
    Claim this Listing
    For Sale
    $729,000

    Unique property offering business and residential opportunities with impressive amenities.

    Type:Commercial
    Property size:
    2,667 SF
    Price / SF:
    $273/SF
    Added:
    May 9, 2026
    Days on Market:
    20
    Last Refresh:
    May 9 at 2:58 am

    Property Features for 15320 Three Oaks Rd

    General Information

    Standard status
    Active
    Size
    2,667 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Sandy Fenderbosch

    Listing agent Sandy Fenderbosch License #6506040710

    Listing office Coldwell Banker Residential Brokerage

    Listing date May 9, 2026

    Source Elliman

    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

    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.
    • Includes a 1200 sq ft garage and ample parking.
    • Features a charming screened‑in gazebo and a 12x16 heated in‑ground pool.
    • Potential for various business opportunities.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Caesar's Pools LLC General Contractor

    Suggested Use

    Restaurant Building Supply Food Market Travel Agency Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Three Oaks
    County
    Berrien
    State
    Michigan
    Longitude
    -86.609814
    Latitude
    41.841939

    Nearby Similar for Sale

    • $729,000
      6,568 SF

      Versatile Commercial Property with Residences

      Multi-structure commercial property with residential units and warehouse.
      15320 Three Oaks Road, Three Oaks, MI 49128
      View Details
    • $298,500
      3,500 SF

      Historic US 12 Commercial Building

      1.6-acre parcel with 3,500 sq ft commercial building.
      4863 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 Street, Three Oaks, MI 49128
      View Details
    • Contact for pricing

      Three Oaks Multifamily Investment Opportunity

      Multifamily property in Three Oaks, Michigan, near regional employment centers.
      305 W Locust St, 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 & B, 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, 49128-1129
      View Details
    • $350,000
      1,400 SF

      Hobby Farm with Highway Frontage

      Hobby farm in high growth, tourist-driven market.
      7079 Us-12, Three Oaks, MI 49128
      View Details

    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 $729,000.
    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.
    (269) 449-4663
    We can help!
    Listing Contact
    Sandy Fenderbosch
    Real Estate License ID: 6506040710
    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

    Thank You for Inquiry
    15320 Three Oaks Rd, ChikamingTownship_Berrien, MI 49128
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!