10
See all 10 photos
$1,888,000
Est. payment /mo
63,148 SqFt
Active
52366 M-51 Dowagiac, MI 49047
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 63,148 sqft
Price per Sqft $29
Subdivision Mi
MLS Listing ID 70441395
Year Built 1955
Annual Tax Amount $26,804
Tax Year 2023
Lot Size 7.300 Acres
Acres 7.3
Lot Dimensions Irregular
Property Sub-Type Commercial/Industrial
Property Description
Investment Opportunity with Triple Net Industrial Lease! Gross Potential rent of over 175K with annual 2 % increases. Cap rate over 8%. Owner will cooperate with tax deferred exchanges! 6 years left on current lease with options for 10 more years. 63,000 s.f .total with a total of 7.1 acres
Location
State MI
County Van Buren
Area Hamilton Twp (80010)
Zoning Industrial
Interior
Heating Forced Air
Exterior
Roof Type Metal
Building
Structure Type Frame,Metal,Wood
Others
Energy Description LP/Propane Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by O'Brien Real Estate