Seller represented by:
Pat O'Brien with O'Brien Real Estate

52366 M-51
  • Active
  • Industrial

52366 M-51, Dowagiac, MI 49047 52366 M-51 Get directions

$1,888,000
3 Baths 7.30 Acre Lot
  • Age 70 Years
  • School District Decatur
  • MLS# 24058947
  • Listed November 12, 2024

Overview

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

Features

Heating

  • Forced Air
  • Propane

Lot

  • 7.3 acres
  • Lot Size: 317988 sq ft
  • Lot Size Area: 7.3
  • Lot Size Dimensions: Irregular

Garage and Parking

  • Paved

Property

  • Waterfront: No

Construction Details

  • Metal

Utilities

  • Natural Gas Available
  • Phone Available
  • Phone Connected
  • Natural Gas Connected
  • Electricity Connected

Sewer

  • Septic Tank

Water Source

  • Private
  • Well

We're sorry we have no data related to schools for this listing.

  • 52366 M-51, Dowagiac, MI 49047 $1,888,000
  • 3 Baths 7.30 Acre Lot

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  • O`Brien Real Estate Inc.

    with 64 years experience
  • 527 S Westnedge Ave, Kalamazoo, MI 49007
  • Business (269) 381-6470
  • Email [email protected]
  • Areas Served Greater Kalamazoo Area
  • Specializations Buying, Selling, and Relocation Services
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