$2,150,000

52366 M-51, Dowagiac MI, 49047

Price per sqft$34.05

Built in1955

Property size63,148 sqft

Property typeCommercial

Courtesy of Pat O'Brien, O'Brien Real Estate

Overview

Active

Listed Oct 28, 2026

Updated 17h 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. PLEASE NOTE: This sale includes 55905 92nd Ave AND 52366 M-51 Hwy, Dowagiac MI 49047.

Additional information

MLS^® ID: 26057214

Interior Features

Bathrooms: 1
Heating: Yes
Basement: No

Exterior Features

Lot Size: 7.35 Acres

Other Property Details

Taxes: $32,088
Tax Frequency: Annually

Courtesy of O'Brien Real Estate

The IDX display contains information sourced from the MichRIC® as of 10/29/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated 10/29/2026