# 52366 M-51, Dowagiac, MI 49047 > **TL;DR:** 0bd/1ba commercial, $2,150,000 ($34/sqft), built 1955, 63,148 sqft. Est. $11,499/mo. Listed 4 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,150,000 | | Price/sqft | $34 | | Bathrooms | 1 full | | Square Feet | 63,148 | | Year Built | 1955 | | Lot Size | 320,166 sqft (7.35 acres) | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 4 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $10,872 | | Estimated Insurance | $627 | | **Total** | **$11,499** | ## Property Highlights - Built in 1955 - 7.35 acre lot - 28 parking spaces ## Description ### Agent 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 - **Address:** 52366 M-51, Dowagiac, MI 49047 - **County:** Cass - **Coordinates:** 42.084365, -86.088123 - **Google Maps:** https://www.google.com/maps?q=42.084365,-86.088123 ## Listing Agent - **Name:** Pat O'Brien - **Brokerage:** O'Brien Real Estate - **Broker Phone:** (269) 381-6470 ## Photos ![52366 M-51 - Photo 1](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f2863465770r.jpg) ![52366 M-51 - Photo 2](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f3117066081r.jpg) ![52366 M-51 - Photo 3](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f1287968875r.jpg) ![52366 M-51 - Photo 4](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f1496561677r.jpg) ![52366 M-51 - Photo 5](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f2422864751r.jpg) ![52366 M-51 - Photo 6](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f645252231r.jpg) ![52366 M-51 - Photo 7](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f152602353r.jpg) ![52366 M-51 - Photo 8](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f1657613323r.jpg) ![52366 M-51 - Photo 9](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f1910187813r.jpg) ![52366 M-51 - Photo 10](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f2683151168r.jpg) ![52366 M-51 - Photo 11](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f1212285278r.jpg) ![52366 M-51 - Photo 12](http://lh.rdcpix.com/aa07729e94dff41e9a6c1bd7921d96c9l-f3571101687r.jpg) --- **MLS#:** 26057214 | **Updated:** 2026-10-30 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/52366-m-51-dowagiac-mi-49047-5570f126070b4e85ada97c5a3030eca8) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/52366-m-51-dowagiac-mi-49047-5570f126070b4e85ada97c5a3030eca8#listing", "url": "https://www.propertysimple.ai/listing/52366-m-51-dowagiac-mi-49047-5570f126070b4e85ada97c5a3030eca8", "name": "52366 M-51, Dowagiac, MI 49047", "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. 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