Commercial Real Estate Market in Three Rivers, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
64 active listings and 877 off-market properties in Three Rivers, MI. Commercial property asks $70/SF to buy and $12.00/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 October 2026.
Office
Office space in Three Rivers, MI has a median asking sale price of $58/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Three Rivers, MI has a median asking sale price of $72/SF (based on 7 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Three Rivers, MI has a median asking sale price of $39/SF (based on 3 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Three Rivers, MI runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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.
Tools
Nearby Markets
Commercial property in Three Rivers, MI asks $70/SF. The 2 bordering markets run from $50/SF in Vicksburg to $210/SF in Marcellus, and the city sits below their $130/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Three Rivers?
How much does it cost to lease commercial space in Three Rivers?
How does Three Rivers compare to nearby markets on price?
Where does Realmo's Three Rivers market data come from?
Methodology & data sources
- Asking prices and medians
- There are 31 active for-sale and 33 active for-lease listings in Three Rivers, MI. The medians are based on 12 of the for-sale and 22 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
