Homes for sale - 52366 M-51, Dowagiac, MI 49047

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Neil Hackler

[email protected] +1(773) 677-3479

$ 1,888,000

Est. payment -/mo

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52366 M-51 Dowagiac, MI 49047

3 Baths

63,148 SqFt

UPDATED:

11/13/2024 02:52 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 63,148 sqft

Price per Sqft $29

Municipality Hamilton Twp

MLS Listing ID 24058947

Full Baths 3

Year Built 1955

Annual Tax Amount $26,804

Tax Year 2023

Lot Size 7.300 Acres

Acres 7.3

Lot Dimensions Irregular

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 Greater Kalamazoo - K

Direction M-51 Highway to 92nd st. property is at 56th St & 92nd St

Interior

Heating Forced Air

Inclusions Real Estate

Exterior

Utilities Available Phone Available, Phone Connected, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Metal

Street Surface Paved

Building

Building Description Metal Siding, Multi User Facility

Sewer Septic Tank

Water Well, Public

Structure Type Metal Siding

New Construction No

Schools

School District Decatur

Others

Tax ID 80-10-032-004-01

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Listed by O'Brien Real Estate

Neil Hackler

Real Estate Advisor | License ID: 167138

+1(773) 677-3479

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