52366 M-51, Dowagiac, MI 49047
See all 12 photos
52366 M-51, Dowagiac, MI 49047
52366 M-51, Dowagiac, MI 49047
52366 M-51, Dowagiac, MI 49047
52366 M-51, Dowagiac, MI 49047
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
CJ Johnson

CJ Johnson

+1(269) 330-2739
$ 2,150,000
Est. payment /mo
Save
New

52366 M-51 Dowagiac, MI 49047

1 Bath

63,148 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 63,148 sqft

Price per Sqft $34

Municipality Silver Creek Twp

MLS Listing ID 26057214

Full Baths 1

Year Built 1955

Annual Tax Amount $32,088

Tax Year 2026

Lot Size 7.350 Acres

Acres 7.35

Lot Dimensions Irregular

Property Sub-Type Industrial

Source Michigan Regional Information Center (MichRIC)

Property 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. PLEASE NOTE: This sale includes 55905 92nd Ave AND 52366 M-51 Hwy, Dowagiac MI 49047.

Location

State MI

County Cass

Direction 55905 92nd Ave directions: M-51 Highway to 92nd Avenue. Property is located at the intersection of 56th Street and 92nd Avenue. 52366 M-51 Hwy directions: From downtown Dowagiac, head north on M-51 to the property.

Interior

Heating Baseboard, Radiant, Space Heater

Inclusions Real Estate

Exterior

Utilities Available Phone Available, Electricity Connected, Propane

View Y/N No

Roof Type Metal

Street Surface Paved

Total Parking Spaces 28

Building

Building Description Metal Siding, Expandable,Multi User Facility

Sewer Septic Tank

Water Well

Structure Type Metal Siding

New Construction No

Schools

School District Dowagiac

Others

Tax ID 80-10-032-004-01

Acceptable Financing Conventional, Tax Def Exchange, Cash

Listing Terms Conventional, Tax Def Exchange, Cash

Listed by O'Brien Real Estate

GET MORE INFORMATION

CJ Johnson
CJ Johnson

Agent License ID: 6501457704

+1(269) 330-2739

250 Monroe Ave NW, Grand Rapids, MI 49503, USA

Name
Phone*
Message

By checking this box, I agree to receive text messages from CJ Johnson regarding real estate services, property inquiries, scheduling, and related communications. Message frequency varies. Message and data rates may apply. Reply HELP for help or STOP to opt out.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

52366 M-51