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203 S Tolbert St - $1 Auction – 3.66 AC Walmart Outparcel 3.66 Acres of Commercial Land Offered at $75,000 in Three Rivers, MI 49093
INVESTMENT HIGHLIGHTS
- ABSOLUTE $1 AUCTION | 3.66 AC Walmart Outparcel | AUCTION DECEMBER 8-10
- Traffic & Access: ±17,930 VPD on US Hwy 131 and 2,961 VPD on Millard Rd, supporting daily convenience and destination retail
- Dense Demographics with ±15,485 People and Annual Household Income of ±$71,321 within a 5-Mile Radius
- ±3.66 Acre Walmart Outparcel: Development site positioned directly adjacent to Walmart in prime regional retail corridor
- National Retailers Nearby: Walmart, Meijer, Menards, Home Depot, Aldi, Starbucks, Walgreens, Subway, Arby’s, Culver’s, Advance Auto Parts
- Flexible General Business District Zoning (B-2): Permitted uses include multi-tenant strip or split into multiple single tenant buildings allowing mul
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a ±3.66-acre land parcel located adjacent to the Walmart at 203 S Tolbert Drive in Three Rivers, Michigan (the “Property”). This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!
The Property consists of a ±3.66-acre parcel directly adjacent to Walmart – all Walmart traffic must pass the Property. The parcel is just off the signalized intersection of US Hwy 131 and Millard Road with combined traffic counts of over 20,000 vehicles per day. The Property benefits from its proximity to a strong commercial corridor with nearby national retailers that include Walmart, Meijer, Menards, Home Depot, Aldi, Starbucks, Walgreens, Subway, Arby’s, Culver’s, Advance Auto Parts, and many more. The Property benefits from highly favorable B-2, General Business District, zoning that allows for a wide variety of uses including retail, restaurant, car wash (conditional), and many more.
Located in St.?Joseph County approximately 20 miles south of Kalamazoo, Three?Rivers sits at the confluence of the St.?Joseph, Rocky, and Portage rivers — providing scenic appeal as well as highway access via US-131. The city actively supports commercial growth through resources such as its “Grow?Three?Rivers” developer portal, participation in Michigan’s “Redevelopment Ready Community” program, and a proactive downtown redevelopment effort. The Property is located in a dense area with an average household income of $71,321 within a 5-mile radius and a population of 15,485 residents and an average household income of $75,940 and over 32,000 residents within a 10-mile radius.
The Property consists of a ±3.66-acre parcel directly adjacent to Walmart – all Walmart traffic must pass the Property. The parcel is just off the signalized intersection of US Hwy 131 and Millard Road with combined traffic counts of over 20,000 vehicles per day. The Property benefits from its proximity to a strong commercial corridor with nearby national retailers that include Walmart, Meijer, Menards, Home Depot, Aldi, Starbucks, Walgreens, Subway, Arby’s, Culver’s, Advance Auto Parts, and many more. The Property benefits from highly favorable B-2, General Business District, zoning that allows for a wide variety of uses including retail, restaurant, car wash (conditional), and many more.
Located in St.?Joseph County approximately 20 miles south of Kalamazoo, Three?Rivers sits at the confluence of the St.?Joseph, Rocky, and Portage rivers — providing scenic appeal as well as highway access via US-131. The city actively supports commercial growth through resources such as its “Grow?Three?Rivers” developer portal, participation in Michigan’s “Redevelopment Ready Community” program, and a proactive downtown redevelopment effort. The Property is located in a dense area with an average household income of $71,321 within a 5-mile radius and a population of 15,485 residents and an average household income of $75,940 and over 32,000 residents within a 10-mile radius.
PROPERTY FACTS
| Price | $75,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 3.66 AC |
| Property Type | Land | ||
| Zoning | B-2 | ||
| Price | $75,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 3.66 AC |
| Zoning | B-2 |
1 LOT AVAILABLE
Lot
| Price | $75,000 | Lot Size | 3.66 AC |
| Price Per AC | $20,491.80 |
| Price | $75,000 |
| Price Per AC | $20,491.80 |
| Lot Size | 3.66 AC |
3.66 Acres adjacent to Walmart Supercenter
1 1
PROPERTY TAXES
| Parcel Number | 051-530-103-00 | Improvements Assessment | $0 |
| Land Assessment | $339,100 | Total Assessment | $339,100 |
PROPERTY TAXES
Parcel Number
051-530-103-00
Land Assessment
$339,100
Improvements Assessment
$0
Total Assessment
$339,100
CONTACTS
-
Alex Perez -
Adam Sklaver -
Philip Kates -
Kyle Hynes -
Paul Kerber -
Marcus & Millichap
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203 S Tolbert St - $1 Auction – 3.66 AC Walmart Outparcel
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