203 Tolbert Dr Three Rivers, MI 49093
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Three Rivers, MIThree Rivers. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.