Property profile

203 S Main St Three Rivers, MI 49093

FOR SALE
Commercial land
Property ID
US43-2112906
1.07 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a one-acre commercial lot in Three Rivers, Michigan, with approximately 90 feet of frontage on the St. Joseph River and approximately 479 feet of frontage on S Main St. It is zoned for commercial use and includes two existing curb cuts for access. The site is configured to support a range of commercial and recreational uses, including small businesses, offices, a kayak launch, a food truck lot, or overflow parking.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.07 ac (46,609 SF)
Zoning code B-2
APN 051-230-021-10
UPID US43-2112906

Cap rate & NOI

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

Location

203 S Main St Three Rivers, MI 49093
Three Rivers metro Census 40200 STURGIS, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

B-2 · Three Rivers, MI
Zoning description

It is intended to provide for the establishment of commercial and service activities which draw from and serve customers from the entire community or region and are located in areas which are well served by collector or…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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