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Financial
Distress signals
Property profile

203 Tolbert Dr Three Rivers, MI 49093

OFF-MARKET
Commercial land
Property ID
US43-2042621
3.66 ac lot
Last sale Dec 2025 · $122,500
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$332k
Assessed land$332k
Effective rate1.28%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$52/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$28 – $79

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
It is intended to provide for the establishment of commercial and service activities which draw from and serve customers from the entire ...
General categoryCOMMERCIAL
JurisdictionST JOSEPH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.4
Law Firm14.3
HVAC Service11.9

Location

203 Tolbert Dr Three Rivers, MI 49093
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1218 5th, Three Rivers, MI 49093-1822 $48,000 May 2025 No data
Three Rivers, MI 49093 $170,000 Nov 2024 No data
96 5th, Three Rivers, MI 49093-1511 $139,900 Mar 2024 No data
Three Rivers, MI 49093 $7,000 Mar 2023 No data
Three Rivers, MI 49093 $1,500 Dec 2022 No data
Three Rivers, MI 49093 $113,280 Nov 2022 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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