52366 M-51

Dowagiac, MI 49047
Square Ft.
63,148
$2,150,000
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… Read MoreRead Less
Courtesy of O'Brien Real Estate, Pat O'Brien.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Industrial
Square Ft.
63,148
Lot Size
7.35 Acres
Year Built
1955
MLS Number
26057214
30 Days Snapshot Of 49047
$178k
-38%
(avg) sold price
14
-30%
homes sold
59
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 63,148, Building Features: Expandable, Multi User Facility, Construction Materials: Metal Siding, Number Of Buildings: 3, Number Of Units Total: 2, Year Built: 1955, 1 total story
Heating
Heating: Baseboard, Radiant, Space Heater, Heating Included
Lot
7.35 acres, Area: 7.35, Dimensions: Irregular, 320,166 square feet
Parking
Parking Total: 28
Property
Business Type: Manufacturing, Parcel Number: 80-10-032-004-01, Property Sub Type: Industrial
Roof
Roof: Metal
Sewer
Sewer: Septic Tank
Taxes
Annual Amount: $32,088, Tax Year: 2026
Tenant Pays
Tenant Pays: Electric, Gas, Trash
Utilities
Utilities: Phone Available, Electricity Connected, Propane, Water Source: Well
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Alec Peterson
Realtor
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