Renovated Warehouse with
205 S US-131, Three Rivers, MI 49093
For Sale
Contact for pricing
Renovated industrial space with dock access, overhead doors, heavy power, and flexible office configuration.
Property Size77,726 SF
Price / SF$0.00
Days on Market58
Property Features for 205 S US-131
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Warehouse Space
Dock-High Doors
Heavy Power
Building Details
Buildings
Building Size
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Kara Schroer · License MI #6501373674
(269) 459-0435
Source:
Alexmi
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 8 at 5:51AM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
The warehouse contains 77,726 SF of recently renovated industrial space, with updated lighting and paint throughout. Building features include two dock doors, two overhead doors, 16' ceiling heights, heavy power, and three cranes. The office area is prepared for design and can be occupied after improvements are completed.
The property has prominent frontage on US-131 in Three Rivers, Michigan. Warehouse occupancy is scheduled for June 1st, while the office will be available upon completion of the planned improvements. The warehouse and office may be leased together or separately. An attached facility at 111 Day Road can also be combined with this building, creating more than 148,000 SF of connected space.
The property has prominent frontage on US-131 in Three Rivers, Michigan. Warehouse occupancy is scheduled for June 1st, while the office will be available upon completion of the planned improvements. The warehouse and office may be leased together or separately. An attached facility at 111 Day Road can also be combined with this building, creating more than 148,000 SF of connected space.
Key Highlights
- 77,726 SF warehouse building
- Two dock doors and two overhead doors
- 16' ceiling heights with three cranes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,411,661
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,233,220
$28.2M
Cap Rate 7%
$20,166,586
$20.2M
Cap Rate 9%
$15,685,122
$15.7M
Market Conditions
NOI Build-Up for 77,726 SF
Gross rent
$1.71M $21.96/SF
− Vacancy
−$46.1K −$0.59/SF
EGI
$1.66M $21.37/SF
− OpEx
−$249.1K −$3.21/SF
NOI
$1.41M $18.16/SF
Area
St. Joseph County, MI
Vacancy
2.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$28,233,220
Cap Rate 7%
$20,166,586
Cap Rate 9%
$15,685,122
Alternative Uses
Best Use
Warehouse
$20.17M
$17.65M – $23.53M
NOI $1,411,661 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
16 ft
Clear height
2
Dock-high doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$174,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in St. Joseph County, MI
Properties on Market for Warehouses in St. Joseph County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- The General Storeroom — US-131, Three Rivers, MI 49093
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial space with dock access, overhead doors, heavy power, and flexible office configuration.
Where is this warehouse located?
The property is located at 205 S US-131 Three Rivers, MI.
What are key features of this property?
This property features: 77,726 SF warehouse building; Two dock doors and two overhead doors; 16' ceiling heights with three cranes
