MLS#26057214
STATUSActive
PROPERTY TYPECommercial - Industrial
SCHOOLDowagiac
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. PLEASE NOTE: This sale includes 55905 92nd Ave AND 52366 M-51 Hwy, Dowagiac MI 49047.
Property Features
Property Type: Commercial - Industrial
Heating: Baseboard, Radiant, Space Heater
Lot Size: 7.35 Acres
Roof Type: Metal
Taxes: $32,088
Year Built: 1955
Feature Descriptions
Business Type: Manufacturing
Days on Site: 2
Exterior: Metal Siding
Lot Dimensions: Irregular
Parcel Number: 80-10-032-004-01
Parking Total: 28
Road Surface: Paved
Sewer: Septic Tank
Sub Type: Industrial
Tenant Pays: Electric, Gas, Trash
Units: 2
Utilities: Phone Available, Electricity Connected, Propane
Water: Well
Local Schools
School District: Dowagiac
Listed By / Shown By
Listed By
Agency Name: O'Brien Real Estate
Agent Name: Pat O'Brien
Agency Phone: 269-381-6470
Shown By
Agent Name: Darrell Blausey
Agent Phone: (419) 351-1525
Agency Title: Key Realty
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 10/31/2026. |
52366 M-51 | MLS# 26057214
This commercial property located at 52366 M-51, Dowagiac, MI 49047 is currently listed for sale with an asking price of $2,150,000. M-51 is located within the Dowagiac school district. Search Dowagiac real estate on www.darrellrealestate.com today.