52366, M-51, Dowagiac, MI, 49047
$1,888,000
Basics
- Date added: Added 1 month ago
- Category: Commercial Sale
- Type: Industrial
- Status: Active
- Bathrooms: 3
- Lot size: 7.3 sq ft
- Year built: 1955
- Bathrooms Full: 3
- Lot Size Acres: 7.3 acres
- Business Type: Distribution, Manufacturing
- County: Van Buren
- MLS ID: 24058947
Description
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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
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Location
- Directions: M-51 Highway to 92nd st. property is at 56th St & 92nd St
Building Details
- Building Area Total: 63148 sq ft
- Number Of Units Total: 2
- Construction Materials: Metal Siding
- Sewer: Septic Tank
- Heating: Forced Air
- Building Features: Multi User Facility
- Roof: Metal
- Number Of Buildings: 3
Amenities & Features
- Inclusions: Real Estate
- Utilities: Phone Available, Phone Connected, Natural Gas Connected, Electricity Connected
- WaterSource: Well, Public
Fees & Taxes
- Tax Assessed Value: $630,600
- Tax Year: 2023
- Tax Annual Amount: $26,804
School Information
- High School District: Decatur
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: 92nd & 56th
- Listing Terms: Conventional, Cash
- Tenant Pays: Electricity, Gas, Trash Collection
Ask an Agent About This Home
This Industrial style property is located in is currently Commercial Sale and has been listed on Tucker Benner Realty - Our Michigan Home. This property is listed at $1,888,000. It has bedrooms, 3 baths bathrooms, and is . The property was built in 1955 year.
