NEW! Buy and sell safely with virtual options - Learn More
About the Listing 73930 - MR3867
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.
Listing Highlights for 52366 M-51
Interior Details
- Appliances:
- Air Cond:
- Heating: Baseboard,Radiant,Space Heater
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 63148
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: Irregular
- Zoning: Industrial
- Roof: Metal
- Others:
- Sewer:
- Parking Features: 21+ Spaces
Financial Details
- Tax Amount: $32,088
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
52366 M-51 Dowagiac, MI 49047
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
