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

Listed Oct 28, 2026

Updated 8 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.

Additional information

MLS^® ID: 70566859

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 7.35 Acres

Other Property Details

Taxes: $32,088
Tax Frequency: Annually
Municipality: Silver Creek Twp

Listed by Pat O'Brien with O'Brien Real Estate
Listing Contact: 269-381-6470

Based on information originating from the MiRealSource as of 10/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/29/2026 at 4:02 AM UTC