Commercial Real Estate Market in Three Rivers, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
104 active listings and 877 off-market properties in Three Rivers, MI. Commercial property asks $31/SF to buy and $9.67/SF/Yr to lease.
Market Trends
Three Rivers, MI spans 105.6 square miles in St. Joseph County, Michigan. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Three Rivers, MI asks $48/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Three Rivers, MI runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Three Rivers, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Three Rivers, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Three Rivers, MI has 18,215 residents in 8,512 households. Density runs 172 people per square mile. Median household income here is $63,040 and median gross rent $824 a month.
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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Centreville | — | — |
| Marcellus | — | — |
| Schoolcraft | — | $14.93 |
| Jones | — | — |
Commercial property in Three Rivers, MI asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Three Rivers?
Commercial property in Three Rivers, MI asks an average of $31 per square foot. Office carries the highest asking price at $48/SF.
How much does it cost to lease commercial space in Three Rivers?
Asking lease rates in Three Rivers, MI average $9.67 per square foot per year.
Where does Realmo's Three Rivers market data come from?
Realmo compiles Three Rivers, MI figures from 6 recent recorded sales, 73 active sale listings, 31 active lease listings, 877 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 31 active for-lease listings in Three Rivers, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
