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    203 Us-131 Three Rivers, MI 49093

    For Lease
    $8 SF/Yr ($9,997 /Mo)

    Three Rivers, MI: Prime Retail Space

    Lot size:
    14,996 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    River Crossings, a 14,996 square foot retail center in Three Rivers, Michigan, presents a unique investment opportunity. Located at 203 US-131, this single-story, 2004-built property sits on a 1.865-acre lot and is zoned B-2. Currently, 15,404 square feet are vacant, offering flexible spaces ranging from 1,382 to 6,460 square feet, ideal for multiple tenants. The property benefits from a strong location within a thriving retail corridor, boasting proximity to major retailers such as Menard's, Walmart, and Meijer, ensuring high visibility and substantial foot traffic. The existing tenant mix includes a diverse range of businesses, from national chains like Harbor Freight and Dollar General to local favorites like Biggby Coffee. The Three Rivers/US-131 retail corridor enjoys a strategic position midway between Portage and the Michigan/Indiana state line, drawing from a substantial 30-minute driving radius within St. Joseph County, which has an estimated population of 62,149. Excellent highway access via US-131, M-60, and US-12 further enhances the property's accessibility and appeal. This is a prime opportunity to capitalize on a well-established retail location with significant growth potential. The property's APN is 05153002040.

    Property Features for 203 Us-131

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,996 SF
    Total Rate
    9997.33

    Building Details

    Year Built
    2004
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 221
    Size
    1,382 SF
    Rate per SF
    $10
    Space
    Suite 255
    Size
    3,422 SF
    Rate per SF
    $8
    Space
    Suite 203
    Size
    6,460 SF
    Rate per SF
    $8

    HighLights

    • 14,996 SF retail center in Three Rivers, MI on a 1.86‑acre lot.
    • Single‑story building constructed in 2004, zoned B‑2.
    • 15,404 SF of vacant space available, divisible into units ranging from 1,382 SF to 6,460 SF.
    • High‑visibility location in a thriving retail corridor near Menard's, Walmart, and Meijer.
    • Existing tenants include Harbor Freight, Dollar General, and Biggby Coffee.
    • Excellent highway access via US‑131, M‑60, and US‑12.
    Property Profile Location Intelligence

    Current Use by Public Records

    Community centers

    Map

    City
    Three Rivers
    County
    St Joseph
    State
    Michigan
    Longitude
    -85.6493057
    Latitude
    41.9437216

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    FAQs

    What type of property is this?
    Community center - Three Rivers, MI: Prime Retail Space
    Where is this community center located?
    The property is located at 203 Us-131 Three Rivers, MI.
    What is the lease rate?
    The lease rate is $8-$10 SF/Yr.
    What are key features of this property?
    This property features: 14,996 SF retail center in Three Rivers, MI on a 1.86-acre lot.; Single-story building constructed in 2004, zoned B-2.; 15,404 SF of vacant space available, divisible into units ranging from 1,382 SF to 6,460 SF.
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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.

    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.

    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
    203 Us-131 Three Rivers, MI 49093
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