203 Us-131 Three Rivers, MI 49093
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.