Dowagiac, MI 49047 52366 M-51
$1,888,000
5 more
Presented By: Pat O'Brien at O'Brien Real Estate - (269) 381-6470
Baths • 3
Home Details
Investment Opportunity with Triple Net Industrial Lease! Gross Potential rent of over 175K with annual 2 % increases. Cap rate over 8%. Owner will cooperate with tax deferred exchanges! 6 years left on current lease with options for 10 more years. 63,000 s.f .total with a total of 7.1 acres
Presented By: Pat O'Brien at O'Brien Real Estate - (269) 381-6470
Interior Features for 52366 M-51
Bathrooms
Total Baths3
Other Interior Features
Basement (Y/N)No
Heating Y/NYes
Total Stories1
General for 52366 M-51
Additional Parcels Y/NNo
Building FeaturesMulti User Facility
Business TypeDistribution, Manufacturing
CityDowagiac
Construction MaterialsMetal Siding
CountyVan Buren
DirectionsM-51 Highway to 92nd st. property is at 56th St & 92nd St
Full Baths3
HeatingForced Air
High School DistrictDecatur
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal Descriptionsee attached
Listing TermsConventional, Cash
Lot Size Square Feet317988.0
Lot Size UnitsAcres
MLS AreaGreater Kalamazoo - K
MLS Area MinorGreater Kalamazoo - K
MobileHomeRemainsYNNo
ModificationTimestamp2025-03-18T12:47:31Z
New ConstructionNo
Number Of Units Total2
Property SubtypeIndustrial
Property TypeCommercial Sale
Rent Control Y/NNo
RoofMetal
Senior CommunityNone
SewerSeptic Tank
Standard StatusActive
StatusActive
Tax Annual Amount26804.0
Tax Assessed Value630600
Tax Year2023
Tenant PaysElectric, Gas, Trash
TownshipHamilton Twp
UtilitiesPhone Available, Phone Connected, Natural Gas Connected, Electricity Connected
Year Built1955
Zoning Descriptionindustrial
Exterior for 52366 M-51
Building Area Total63148.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsReal Estate
Irrigation Water Rights Y/NNo
Lot DimensionsIrregular
Lot Size Acres7.3
Lot Size Area7.3
Number of Buildings3
Road Surface TypePaved
SpaNo
Water SourceWell
Waterfront Y/NNo
Additional Details
Price History
Kallie Fuller
Real Estate Broker
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