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52366 M-51

Dowagiac, MI 49047
  • $1,888,000
  • STATUS: Active
  • ON SITE: 95 Days
  • MLS #: 24058947
UPDATED: 18 min ago
$1,888,000
  • 0
    BEDS
  • 7.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 63,148
    SQFT
  • $30
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1955
County:

School Ratings & Info

Description

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

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-16T10:47:43.203.
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52366 M-51 Dowagiac, MI 49047

  • Price: $1,888,000
  • Status: Active
  • On Site: 95 Days
  • Updated: 18 min ago
  • MLS #: 24058947
0
Beds
0
Baths
0
½ Baths
7.3
Acres
63,148
SQFT
$30
$/SQFT
1955
Built
Neighborhood:
Hamilton Twp (80010)
County:
Van Buren
Area:
Hamilton Twp (80010)
Property Description
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
Exterior Features

Exterior Construction FrameMetalWood Frontage 542 Lot Size Irregular Roads City/CountyPaved Street Roofing Metal Waterfront YN No

Interior Features

Basement YN No Commercial Ceiling Height 16-20 Feet Fuel Type LP/Propane Gas Heating System Forced Air

Property Features

Business Type Manufacturing Commercial Type Commercial/Industrial Financial Terms CashConventional Lease Type Net Municipality Hamilton Twp Sale Includes Real Estate Only SEV 630600 Taxable Value 630600 Total Tax Amount 26804 Total Tax Year 2023 Type Investment Zoning Industrial

Listing courtesy of O'Brien Real Estate : (269) 381-6470.

Source MLS: MiRealSource
Originating MLS: Greater Kalamazoo AOR MLS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-16T10:47:43.203.
 
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