$2,150,000
Dowagiac, MI 49047
MLS# 26057214
63148 sqft
1 / 12
Property Description
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.
Details
Location & Property Info
Cross Streets: 56th Street and M-51 Highway
Property Sub-Type: Industrial
Municipality: Silver Creek Twp
Principal Road: Yes
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 34.05
Prop Avail for Lease?: Yes
Current Bldg Use: Securit Metal Products
General Property Info
New Construction: No
Lot Dimensions: Irregular
Road Frontage: 542
Mineral Rights: Unknown
Waterfront: No
Year Remodeled: 2008
Total # Units: 2
Total # Bldgs: 3
# Fin Bldg Lvls: 1
Total SqFt: 63148
Property Use Type: Investment
School District: Dowagiac
Lot Measurement: Acres
Lot Acres: 7.35
Lot Square Footage: 320166
Year Built: 1955
Full Baths: 1
Tax Info
Taxable Value: 627864
SEV: 797000
For Tax Year: 2026
Seller's Annual Property Tax: 32088.44
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: None Known
Zoning: Industrial
Tax ID #: 80-10-032-004-01
Remarks & Misc
Public Remarks: 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.
Legal: See Attached Document.
Waterfront Options
Water Access Y/N: No
Additional Details
# Loading Docks/Well: 4
Total Parking Spaces: 28
Ceiling Height: 18
Street Type
Paved: 1
Public: 1
SqFt Information
Fire Alarm: 1
Property Use
Business: 1
Investment: 1
Net Leased (nnn): 1
Utilities Attached
Electricity Connected: 1
Propane: 1
Sewer
Septic Tank: 1
Water
Well: 1
Uses
Manufacturing: 1
Construction Type
Frame/Wood: 1
Exterior Material
Metal Siding: 1
Roofing
Metal: 1
Heat Source
Propane: 1
Sale Conditions
None: 1
Heat Type
Baseboard: 1
Radiant: 1
Space Heater: 1
Docs at List Office
Aerial Photo: 1
Plat Map: 1
Business Includes
Real Estate: 1
Additional Features
Expandable: 1
Multi User Facility: 1
Util Avail at St
Phone Available: 1
Tenant Pays All
Electric: 1
Gas: 1
Trash: 1
Driveway
Concrete: 1
Paved: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Tax Def Exchange: 1
Location Property Info
County: Cass
Street #: 52366
Street Name: M-51
State: MI
Zip Code: 49047
OfficeContract Info
Status: Active
Current Price: $2,150,000
List Price: $2,150,000
Listing Date: 2026-10-28
Remarks Misc
Directions: 55905 92nd Ave directions: M-51 Highway to 92nd Avenue. Property is located at the intersection of 56th Street and 92nd Avenue. 52366 M-51 Hwy directions: From downtown Dowagiac, head north on M-51 to the property.
Property Features
Property Use: Business; Investment; Net Leased (nnn)
SqFt Information: Fire Alarm
Uses: Manufacturing
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Metal Siding
Roofing: Metal
Additional Features: Expandable; Multi User Facility
Tenant Pays All: Electric; Gas; Trash
Sewer: Septic Tank
Water: Well
Utilities Attached: Electricity Connected; Propane
Util Avail at St: Phone Available
Heat Source: Propane
Heat Type: Baseboard; Radiant; Space Heater
Driveway: Concrete; Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional; Tax Def Exchange
Docs at List Office: Aerial Photo; Plat Map
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Supplements
PLEASE NOTE: This sale includes 55905 92nd Ave AND 52366 M-51 Hwy, Dowagiac MI 49047.
Listing Office: O'Brien Real Estate
Listing Agent: Pat O'Brien
Last Updated: October - 28 - 2026
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