




1 Bath
63,148 sqft
$2,150,000
52366 M-51, Dowagiac MI, 49047
Price per sqft$34.05
Built in1955
Property size63,148 sqft
Property typeCommercial
Overview
Active
Updated 4 days ago
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.
Additional information
- MLS® ID
- 66026057214
Interior Features
- Bathrooms
- 1
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 7.35 Acres
Other Property Details
- Taxes
- $32,088
- Tax Frequency
- Annually
Courtesy of O'Brien Real Estate
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Data last updated 3:04 AM UTC, 10/29/2026