52366 M-51 Active Save Request In-Person Tour Request Virtual Tour
Dowagiac,MI 49047
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
Waterfront No
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