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Property profile & analytics
OFF-MARKET
Commercial land

2042 Hov Aire Dr Three Rivers, MI 49093-1074

9.47 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US43-0303518
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Vast Tucking INC · 1 yrs held
Vast Tucking INC
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
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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