Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    203 Tolbert Dr Three Rivers, MI 49093

    Sponsored
    For Sale
    $450,000

    3.66 Acres Adjacent to Walmart

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 3.66-acre commercial land parcel presents a remarkable investment opportunity in Three Rivers, Michigan. Strategically located directly adjacent to a Walmart Supercenter, this highly visible site boasts unparalleled access to significant daily traffic exceeding 20,000 vehicles at the signalized intersection of Millard Road and Highway 131. All Walmart traffic is guaranteed to pass this property, ensuring maximum exposure for any development. The expansive lot size offers considerable flexibility for various development scenarios. Potential uses include a multi-tenant retail strip center, capable of accommodating up to 32,000 square feet of commercial space, or the creation of two separate single-tenant outparcels. This prime location in St. Joseph County, with its address at 203 S Tolbert Dr, Three Rivers, MI 49093 (latitude 41.940228, longitude -85.655014), offers an unparalleled chance to capitalize on high traffic counts and proximity to a major retail anchor. The asking price for this exceptional property is $450,000. Don't miss this opportunity to secure a highly desirable commercial land parcel in a thriving Michigan market.

    Property Features for 203 Tolbert Dr

    General Information

    Property type
    Land
    Lot Size
    159,430 SF

    HighLights

    • High visibility to 20,000+ vehicles daily at the signalized intersection of Millard Road and Highway 131.
    • Directly adjacent to a Walmart Supercenter, ensuring maximum traffic exposure.
    • 3.66‑acre lot allows for flexible development, including a multi‑tenant retail strip center (up to 32,000 sq ft) or multiple single‑tenant buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -85.655014
    Latitude
    41.940228

    Nearby Similar for Sale

    • $175,000
      Pending

      Charming Duplex in Three Rivers

      Versatile duplex near downtown Three Rivers with many possibilities.
      409 Portage Ave, Three Rivers, MI 49093
      View Details
    • $459,900
      Pending

      High-Visibility Retail Opportunity on US-131

      Prime retail location with high traffic, acreage, and expansion potential.
      53238 Us 131, Three Rivers, MI 49093
      View Details
    • $3,600,000
      3,097 SF

      Automated Car Wash Investment Opportunity

      Thriving car wash business with real estate and equipment included.
      655 S Us Highway 131, Three Rivers, MI 49093
      View Details
    • $134,900
      7,998 SF

      Historic Downtown Mixed-Use Opportunity

      Blank slate to create residential units and storefront in downtown.
      42 N Main St, Three Rivers, MI 49093
      View Details
    • $319,900
      5,430 SF

      Historic Three Rivers Office Building

      Unique historic building, former R.M. Kellogg Company hub, office use.
      801 Portage Ave, 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 Dr, Three Rivers, MI 49093
      View Details
    • $450,000
      Pending

      Established Car Wash Business Opportunity

      High cash-flowing car wash business in a high-traffic commercial corridor.
      1025 W Michigan Ave, Three Rivers, MI 49093
      View Details
    • $154,000
      3,757 SF

      Mixed-Use Building in Three Rivers

      Mixed-use property with business space and residential apartment.
      4 N Main St, Three Rivers, MI 49093
      View Details
    • $350,300
      0.29 Acres

      Riverfront Quadplex in Three Rivers

      Well-maintained quadplex with river frontage and 100% occupancy.
      416 River St, Three Rivers, MI 49093
      View Details
    • $350,300
      0.48 Acres

      Riverfront Quadplex in Three Rivers

      Well-maintained quadplex with river frontage and 100% occupancy.
      500 River St, Three Rivers, MI 49093
      View Details
    • $89,900
      2,177 SF

      Commercial Property in Three Rivers

      Commercial property suitable for various business uses in Three Rivers.
      140 W Michigan Ave, Three Rivers, MI 49093
      View Details
    • $185,000
      2,200 SF

      Historic Three Rivers Mixed-Use Building

      Restored 3-unit building in the heart of downtown Three Rivers.
      2 N Main St, Three Rivers, MI 49093
      View Details

    FAQs

    What type of property is this?
    Land - 3.66 Acres Adjacent to Walmart
    Where is this land located?
    The property is located at 203 Tolbert Dr Three Rivers, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High visibility to 20,000+ vehicles daily at the signalized intersection of Millard Road and Highway 131.; Directly adjacent to a Walmart Supercenter, ensuring maximum traffic exposure.; 3.66-acre lot allows for flexible development, including a multi-tenant retail strip center (up to 32,000 sq ft) or multiple single-tenant buildings.
    Request Owner's contact information
    203 Tolbert Dr Three Rivers, MI 49093
    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.
    203 Tolbert Dr
    Three Rivers, MI 49093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Tolbert Dr Three Rivers, MI 49093
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.