Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Storefront on US 131 Title is generated by Realmo AI

    310 US 131, Three Rivers, MI 49093

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $425,000

    Two-unit retail storefront with high exposure and corner lot.

    Type:Commercial/Industrial
    Property size:
    2,310 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $183/SF
    Added:
    Mar 11, 2026
    Days on Market:
    69
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 310 US 131

    General Information

    Standard status
    Active
    Size
    2,310 SF
    Lot size
    0.22 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2010

    We can help!

    Listing Contact
    Mary K Rosenberry
    Mary K Rosenberry

    Listing agent Mary K Rosenberry License #6501322201

    Listing office Berkshire Hathaway HomeServices Michigan Real Estate

    Listing date Mar 11, 2026

    Source Exitrealty

    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

    HighLights

    • High exposure on US 131
    • 2‑unit retail storefront
    • Corner lot provides excellent visibility
    • Parking access from both streets
    • Both units currently occupied, offering immediate income
    • Offered as a bundle sale with properties at 15557 Millard and 15571 Millard

    Overview

    This is a two-unit retail storefront property with high exposure on US 131. The property is situated on a corner lot, offering parking access from both streets. Both units are currently occupied. The property has a size of 2310 square feet. This property is also being offered as a bundle sale with the properties at 15557 Millard and 15571 Millard, with the bundle sale offered at a reduced price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Melissa Kleinert: Allstate ... Insurance Agency Melissa Stephens: Allstate ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Three Rivers
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.6347
    Latitude
    41.9493

    Nearby Similar for Sale

    • $319,900
      5,430 SF

      Historic Three Rivers Office Building

      Unique commercial property with historical significance and office use.
      801 Portage Avenue, Three Rivers, MI 49093
      View Details
    • $299,000
      5,430 SF

      Historic Three Rivers Office Building

      Unique commercial property with historical significance in Three Rivers, MI.
      801 Portage Avenue, Three Rivers, MI 49093
      View Details
    • $349,000
      5,130 SF

      Three Rivers Office with Lab

      Efficient office space with lab area and ample parking.
      1500 KDF Drive, Three Rivers, MI 49093
      View Details
    • $119,900
      600 SF

      Turnkey Commercial Building in Three Rivers

      Updated commercial building in the heart of Three Rivers, Michigan.
      102 N Lincoln Avenue, Three Rivers, MI 49093
      View Details
    • $3,400,000
      3,097 SF

      Automated Car Wash Investment Opportunity

      Thriving car wash business with real estate and equipment included.
      655 S US Hwy 131, Three Rivers, MI 49093
      View Details
    • $319,000
      5,120 SF

      Renovated Commercial Building on M-86

      Updated 5120 SF building on 0.95 acres, move-in ready.
      17050 M-86, Three Rivers, MI 49093
      View Details
    • $324,900
      4,439 SF

      Mixed-Use Building in Downtown

      Mixed-use building with restaurant space and apartments in downtown.
      13 N Main Street, Three Rivers, MI 49093
      View Details
    • $315,000

      Riverfront Quadplex in Three Rivers

      Well-maintained quadplex with river frontage and 100% occupancy.
      500 River Street, Three Rivers, MI 49093
      View Details
    • $315,000

      Riverfront Quadplex in Three Rivers

      Well-maintained quadplex with river frontage and 100% occupancy.
      416 River Street, Three Rivers, MI 49093
      View Details
    • $205,555

      Spacious Duplex on Double Lot

      Multi-family duplex on a double lot, great investment opportunity.
      210 W Bennett Street, Three Rivers, MI 49093
      View Details
    • $265,000
      6,840 SF

      COMMERCIAL - Three Rivers, MI

      715 Webber Avenue, Three Rivers, MI 49093
      View Details
    • $125,000
      7,998 SF

      Historic Downtown Mixed-Use Opportunity

      Blank slate for residential units and storefront in Three Rivers.
      42 N Main Street, Three Rivers, MI 49093
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two-unit retail storefront with high exposure and corner lot.
    Where is this storefront property located?
    The property is located at 310 US 131 Three Rivers, MI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: High exposure on US 131; 2‑unit retail storefront; Corner lot provides excellent visibility
    (269) 432-3430
    We can help!
    Listing Contact
    Mary K Rosenberry
    Mary K Rosenberry
    Real Estate License ID: 6501322201
    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
    310 US 131, Three Rivers, MI 49093
    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!