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301 N Us Highway 131 44,800 SF 100% Leased Retail Building Three Rivers, MI 49093 $3,220,000 ($71.88/SF) 6.50% Cap Rate

Retail Buildings Michigan Three Rivers 301 N Us Highway 131, Three Rivers, MI 49093

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Executive Summary

This property is a 44,800-square-foot, two-tenant retail center located along the primary commercial corridor of US-131 with strong visibility and access. The center is anchored by Tractor Supply, which recently extended its lease through July 2038 and received a $200,000 tenant improvement allowance as part of the extension, demonstrating a long-term commitment to the location. The asset offers stable occupancy and long-term tenancy within a well-positioned retail location serving the surrounding trade area.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,800 SF
Building Class
B
Year Built
1981
Price
$3,220,000
Price Per SF
$71.88
Cap Rate
6.50%
NOI
$209,291
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.14
Lot Size
7.30 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B-2
Parking
140 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
329’ on US 131 Hwy

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Air Conditioning
1 1
301 N Us Highway 131, Three Rivers, MI - Aerial map view
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Source: Local Logic®

Nearby Major Retailers

Curves
BIGGBY Coffee
Starbucks
Horizon Bank
CrossFit
Harding's Friendly Markets
Flagstar Bank N.A.
Applebee's
Meijer
Fitness First

Property Taxes

Parcel Numbers
Multiple
  • 051-399-101-10
  • 051-530-020-40
 Improvements Assessment $1,091,000
Land Assessment $797,500 Total Assessment $1,888,500

Property Taxes

Parcel Numbers
Multiple
  • 051-399-101-10
  • 051-530-020-40
Land Assessment
$797,500
Improvements Assessment
$1,091,000
Total Assessment
$1,888,500
(616) 774-3500

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 40665396

  • Date on Market: 5/26/2026

  • Last Updated:

  • Address: 301 N Us Highway 131, Three Rivers, MI 49093

The Retail Property at 301 N Us Highway 131, Three Rivers, MI 49093 is currently available for Sale. Contact Advantage Commercial Real Estate Services LLC for more information.

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301 N Us Highway 131

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