Property profile

110 Enterprise Dr Three Rivers, MI 49093

OFF-MARKET
Commercial real estate
Property ID
US43-2286135
2.55 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 3.58-acre commercial land parcel, located at 110 Enterprise Drive in Three Rivers, Michigan (APN 7505151000300), presents a unique investment opportunity. Zoned B-2 General Business District, this property boasts unparalleled visibility, fronting both North Main and Enterprise Drive, a main thoroughfare between downtown Three Rivers and US-131. Its strategic location within a thriving shopping center offers easy access and significant exposure. The property shares a large parking lot with established businesses including Verse by Verse Church and Three Rivers 6 Movie Theatre, ensuring ample parking for potential tenants and customers. Neighboring businesses include a Shell gas station, Edward Jones, and IMED, further enhancing the location's appeal. A large LED pylon sign is situated on the out parcel, providing excellent advertising opportunities. The property's size and zoning make it ideal for a variety of commercial uses, including a drive-thru restaurant or coffee shop. This is a rare opportunity to acquire a high-visibility commercial lot in a rapidly growing area. The asking price is $299,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.55 ac (111,078 SF)
APN 051-510-003-00
UPID US43-2286135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

110 Enterprise Dr Three Rivers, MI 49093
Three Rivers metro Census 40100 STURGIS, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2023
Last sale
$187,000
3 recorded transactions
2023
Price N/A
2023
Price N/A
2010
$187,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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