Active
52366 M-51
Dowagiac MI, 49047
$1,888,000
$29.90 per sqft
Active
3 Baths
63,148 sqft
Commercial
Built in 1955
Courtesy of Pat O'Brien, O'Brien Real Estate
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
24058947
MLSⓇ ID
November 12, 2024
Listed
February 20, 2025
Updated
Interior Features
Total Stories
1
Total Bathrooms
3
Full Bathrooms
3
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
7.3 Acres
Roof
Metal
Sewer
Septic Tank
School Information
School District
Decatur
Other Property Details
Area Name
Greater Kalamazoo - K
Taxes
$26,804
Tax Frequency
Annually
Days on Market
57
Garage
No
View
No
County
Van Buren
Water Source
Well, Public
Utilities
Phone Available, Phone Connected, Natural Gas Connected, Electricity Connected
Courtesy of O'Brien Real Estate
The IDX display contains information sourced from the MichRIC® as of 2/20/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated 2/20/2025