Technical
Financial
Distress signals
Property profile

2042 Hov Aire Dr Three Rivers, MI 49093

OFF-MARKET
Commercial land
Property ID
US43-0303518
9.47 ac lot
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 9.47-acre commercial and industrial land parcel is situated in the Airport Industrial Park of Three Rivers, Michigan, at 2042 Hov Aire Dr, zip code 49093. The property (APN 0515400910) boasts I-4 zoning, providing versatility for various uses. It's strategically located near the Indiana, Michigan, and Ohio borders, offering convenient access to regional transportation networks. The land is a corner lot and has received municipal approval for an adult-use Class C grow license, with pre-approved plans for a 30,000 square foot cultivation facility. Beyond cultivation, the I-4 zoning also permits processing, safety compliance, secure transportation, and microbusiness operations. Utilities are available at the street, although not currently connected. High-power availability has been verified through Indiana Michigan Power, and fiber optics are accessible within the park. Importantly, the Airport Industrial Park is currently at maximum capacity for cultivation and processing facilities due to city ordinances regarding distance requirements between such facilities, making this a rare opportunity.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 9.47 ac (412,513 SF)
APN 051-540-009-10
UPID US43-0303518

Cap rate & NOI

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

Location

2042 Hov Aire Dr Three Rivers, MI 49093-1074
Three Rivers metro Census 40400 STURGIS, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$125k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k

Owner & transaction history

since 2025
Last sale
$113,280
7 recorded transactions
2025
Price N/A
2023
Price N/A
2022
$113,280
2022
Price N/A
2022
Price N/A
2021
$112,000
2017
$12,000

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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