Courtesy of O'Brien Real Estate, Pat O'Brien

52366 M-51, Dowagiac, Michigan, 49047

$2,150,000
63,148 Sqft
7.35 Acres
1 ba
#26057214
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.

PROPERTY FEATURES

  • Business Type : Manufacturing
  • Utilities : Phone Available, Electricity Connected, Propane
  • Water Source : Private, Well
  • Sewer : Septic Tank
  • Parking Features: Concrete, Paved
  • Parking Total: 28
  • Zoning Description : Industrial
  • Heating on Property:
  • Heating : Baseboard, Radiant, Space Heater, Propane
  • Construction Materials: Metal Siding, Frame
  • Roof: Metal
  • Road Surface Type: Paved
PROPERTY DETAILS
ID: 26057214
Status: Active
Price: $2,150,000
Acres: 7.35 Acres
Price Per Acre: $292,517
Type: Industrial
Address: 52366 M-51
City, State: Dowagiac, Michigan
County: Cass
Zip Code: 49047
Lat/Long: 42.036524, -86.107787
Presented By: Pat O'Brien
Phone:
Email: Click to Contact