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52366 M-51 Dowagiac, MI $ 2,150,000
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52366 M-51
$ 2,150,000
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52366 M-51

Dowagiac, MI, 49047
$ 2,150,000
Bedrooms-- Baths1.0 Sq 63,148

Monthly Estimate*

$ 14,850

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Commercial Property for sale in Dowagiac, MI

for $2,150,000 with 1 full bath. This 63,148 square foot building was built in 1955 on a lot size of 7.35.

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.

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Commercial Active

Price

$ 2,150,000

Full Bath

1

Property Type

Commercial

Taxes

$ 32,088

Style

Industrial

Lot Size

7.35

Year Built

1955

Town/City

Dowagiac

County/Region

Cass

MLS | Web ID

26057214
Features
General
Sewer Septic Tank
Heating Baseboard Radiant Space Heater
Utilities Phone Available Electricity Connected Propane
Roof Metal
Construction Materials Metal Siding
Year Built 1955
Tenant Pays Electric Gas Trash
Township Silver Creek Twp
Property Subtype Industrial
Tax Year 2026
Ownership Private Owned
Business Type Manufacturing
County Cass
New Construction false
Property Type Commercial Sale
Building Features Expandable Multi User Facility
Full Baths 1
Status Active
Directions 55905 92nd Ave directions: M-51 Highway to 92nd Avenue. Property is located at the intersection of 56th Street and 92nd Avenue. 52366 M-51 Hwy directions: From downtown Dowagiac head north on M-51 to
City Dowagiac
High School District Dowagiac
Zoning Description Industrial
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 320166
Listing Terms Conventional Tax Def Exchange Cash
Land Lease Y/N N
Tax Annual Amount 32088.44
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N true
Rent Control Y/N N
Availability Date 2026-10-28
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 627864
Legal Description See Attached Document.
Senior Community None
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Exterior
Water Source Well
Total Parking 28
Inclusions Real Estate
Lot Size Area 7.35
Number of Buildings 3
Spa N
Building Area Total 63148
Lot Dimensions Irregular
Lot Size Acres 7.35
Road Surface Type Paved
Waterfront Y/N false
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Heating Y/N true
Total Baths 1
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Internal Only
Street Number 1 52366
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* Excluded Features
List By
O'brien Real Estate

Broker

pat@obriensoldmine.com

Email

Affordability Calculator

$17,524
Per Month
85%
15%
0%
Monthly Principal & Interest
$14,850
Monthly Property Taxes
$2,674
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
10/28/2026$2,150,000 Listed Price

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52366 M-51, Dowagiac, MI, 49047 is a Commercial Property for sale at $2,150,000 with 63,148 sqft and a lot size of 7.35. 52366 M-51 has 1.0 baths and was built in 1955. The property's zip code is 49047 which is in Dowagiac, MI

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