About This Home

This 0-bedroom, 1-bathroom commercial at 52366 M-51 in Dowagiac, MI is listed for $2,150,000 ($34 per sqft). Built in 1955, the home offers 63,148 sqft of living space on a 7.35 acres lot.

Key Features

  • Built in 1955
  • 7.35 acre lot
  • 28 parking spaces

Property Details

1 story
1 full
28 spaces
1955
Listing 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.

Monthly Cost Estimate

$11,499/mo

20% down · 6.5% · 30 years

Principal$1,555
Interest$9,317
Insurance$627

Estimates only. Actual payments may vary.

Location

52366 M-51

Dowagiac, MI 49047

Property Details

Construction

Metal Siding

Heating

Space HeaterRadiantBaseboard

Questions & Answers

This 0-bedroom, 1-bathroom commercial at 52366 M-51 is listed at $2,150,000 ($34/sqft). The estimated monthly payment is $11,499 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1955, 7.35 acre lot, 28 parking spaces.

This property is listed by Pat O'Brien.

PO

Pat O'Brien

Agent at O'Brien Real Estate

Listed by O'Brien Real Estate · Broker phone: (269) 381-6470 · Broker website

MLS# 26057214· Source: Michigan Regional Information Center, LLC.· 2 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

52366 M-51, Dowagiac, MI 49047

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