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(269) 591-0035
Real Estate Company
52366 M-51, Dowagiac, MI 49047
- $2,150,000
- 1
- BA
- List Price
- $2,150,000
- Days on Market
- 0
- MLS#
- 26057214
- Status
- ACTIVE
- Type
- Commercial
- Bathrooms
- 1
- Full-baths
- 1
Property Description
Rare opportunity to acquire a well-established triple net industrial property featuring a sale-leaseback arrangement with a long-standing business operating since the 1930s. The lease extends through 2039, with over $2.4 million in scheduled rental income and annual 2% rent increases. Current gross potential rent exceeds $172,000 annually, with an additional five-year lease option available. The offering includes approximately 63,000 square feet of industrial space across 7.35 combined acres, consisting of a 6.37-acre industrial site and a separate 0.98-acre parcel, sold together. The owner will cooperate with tax-deferred exchanges. An attractive opportunity for investors seeking long-term income, established tenancy, and contractual rental growth. PLEASE NOTE: This sale includes 55905 92nd Ave AND 52366 M-51 Hwy, Dowagiac MI 49047.
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Additional Information
- Taxes
- $32,088
- Acres
- 7.35
- Heating
- Baseboard, Radiant, Space Heater
- Roofing
- Metal
- School District
- Dowagiac
- Sewer
- Septic Tank
- Tenant Pays
- Electricity, Trash Collection, Gas
- Total Parking Spaces
- 28
- Utilities
- Electricity Connected, Propane, Phone Available
- Water
- Well
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Listing courtesy of Listing Agent: Pat O'Brien from Listing Office: O'Brien Real Estate.
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