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    US-131 Hwy Three Rivers, MI 49093

    Sponsored
    For Sale
    $2,025,000

    28 Acres, US-131 Highway Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 28.14-acre commercial land parcel in Three Rivers, Michigan, presents a remarkable development opportunity. Strategically located on US-131 Highway, this property boasts high visibility and convenient access, situated near established businesses including Meijer, Walgreens, Walmart, Starbucks, Culver's, Jimmy John's, and Advanced Auto Parts. The property is currently zoned agricultural, requiring rezoning for commercial or multi-family development. Access to US-131 is facilitated by a 66-foot easement adjacent to Culver's. While the property offers excellent potential, prospective developers should note that a PA 425 application is necessary to access utilities, with associated hook-up charges and assessments potentially applicable. The parcel's APN numbers are 00402401150

    Property Features for US-131 Hwy

    General Information

    Property type
    Land
    Lot Size
    1,225,778 SF

    HighLights

    • 66‑foot easement adjacent to Culver's provides US‑131 access.
    • Excellent commercial development opportunity.
    • PA 425 application required for utility access.
    • Utility hook‑up charges and assessments may apply.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Three Rivers
    County
    St. Joseph
    State
    Michigan
    Longitude
    -85.6355832
    Latitude
    41.9717284

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    FAQs

    What type of property is this?
    Land - 28 Acres, US-131 Highway Frontage
    Where is this land located?
    The property is located at US-131 Hwy Three Rivers, MI.
    What is the asking price?
    The asking price for this property is $2,025,000.
    What are key features of this property?
    This property features: 66-foot easement adjacent to Culver's provides US-131 access.; Excellent commercial development opportunity.; PA 425 application required for utility access.
    (269) 373-8108
    Request Owner's contact information
    US-131 Hwy Three Rivers, MI 49093
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    Three Rivers, MI 49093
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    Realmo Value Estimation

    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.

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    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.

    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
    US-131 Hwy Three Rivers, MI 49093
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