Zoocasa Realty Inc., Brokerage

52366 M 51 N, Dowagiac, MI

Name: 52366 M 51 N, For Sale in Dowagiac - Zoocasa
Brand: O'Brien Real Estate
SKU: 26057214
Price: 2150000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,150,000

0128

MLS® 26057214

Overview

Key Facts

Type Industrial

Levels Commercial Sale

Size 63148 sqft

Garage

Taxes $32,088

Days Active 3

Lot Size 7.35 Acres

Approx. Age 1955

Avg. Price Per Sqft $34

MLS® Number 26057214

Property Address: 52366 M 51 N, Dowagiac, MI, 49047-9632

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number26057214

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1955

Basement

Driveway

Garage Spaces

HeatBaseboard, Radiant, Space Heater

A/C

Extras

Real Estate

Map

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