301 N Us Highway 131 - Freestanding FOR SALE


Three Rivers, MI 49093
$3,220,000 USD
616-774-3500
301 N Us Highway 131, Three Rivers, MI for Sale
$3,220,000 USD
Freestanding - FOR SALE
1/6
null | 6.5% Cap Rate

301 N Us Highway 131
Three Rivers, MI 49093


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,220,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

7.3 AC

LAND SF

317,988 SF

ZONING

B-2

APN/PARCEL ID

051-399-101-10,051-530-020-40

ASK ABOUT THIS PROPERTY

Michael VisserAdvantage Commercial Real Estate Services LLCMore Info
616-774-3500

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Michael VisserAdvantage Commercial Real Estate Services LLCMore Info
616-774-3500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.