You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial land

203 Tolbert Dr Three Rivers, MI 49093

3.66 ac lot
Entity Owned Free & Clear
Property ID
US43-2042621
Property summary
AI-generated overview

This exceptional 3.66-acre commercial land parcel presents a remarkable investment opportunity in Three Rivers, Michigan. Strategically located directly adjacent to a Walmart Supercenter, this highly visible site boasts unparalleled access to significant daily traffic exceeding 20,000 vehicles at the signalized intersection of Millard Road and Highway 131. All Walmart traffic is guaranteed to pass this property, ensuring maximum exposure for any development. The expansive lot size offers considerable flexibility for various development scenarios. Potential uses include a multi-tenant retail strip center, capable of accommodating up to 32,000 square feet of commercial space, or the creation of two separate single-tenant outparcels. This prime location in St. Joseph County, with its address at 203 S Tolbert Dr, Three Rivers, MI 49093 (latitude 41.940228, longitude -85.655014), offers an unparalleled chance to capitalize on high traffic counts and proximity to a major retail anchor. The asking price for this exceptional property is $450,000. Don't miss this opportunity to secure a highly desirable commercial land parcel in a thriving Michigan market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 3.66 ac (159,430 SF)
Zoning code B-2
APN 051-530-103-00
UPID US43-2042621
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Frog Leap Ventures Limited Partners
Frog Leap Ventures Limited Partners
since 2025
4 recorded transactions
2025
$122,500
2020
Price N/A
2013
$320,000
2008
Price N/A
Zoning & alternative use
B-2 · Three Rivers, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 203 Tolbert Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message