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Ryan Maceri

mhgrealtors@gmail.com +1(586) 519-6259

$ 2,150,000

Est. payment | -/mo

1 Bath

63,148 SqFt

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$ 2,150,000

Est. payment | -/mo

Save

1 Bath

63,148 SqFt

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 63,148 sqft

Price per Sqft $34

MLS Listing ID 66026057214

Year Built 1955

Lot Size 7.350 Acres

Acres 7.35

Property Sub-Type BusinessandRealEstate

Listing Terms Cash, Conventional, Lease, Trade1031Exchange

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.

Location

State MI

County Cass

Area Area14011Silvercreektwp

County Cass

Interior

Heating Baseboard, Propane, Radiant, Space Heater

Fireplace No

Exterior

Parking Features Concrete, Paved

Utilities Available ElectricityConnected, PhoneAvailable, Propane

View Y/N No

Roof Type Metal

WaterfrontY/N No

Building

Sewer Septic Tank

Water Well

New Construction No

New Construction Y/N No

Schools

School District Dowagiac Union

Others

Acceptable Financing Cash, Conventional, Lease, Trade1031Exchange

Listing Terms Cash, Conventional, Lease, Trade1031Exchange

Special Listing Condition Standard

Listed by Pat O'Brien of O'Brien Real Estate

NEARBY SCHOOL & BUSINESS

Ryan Maceri

Agent

+1(586) 519-6259 | mhgrealtors@gmail.com

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52366 M-51 Silver Creek Twp, MI 49047

Ryan Maceri

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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52366 M-51