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

52366 M-51

^$ 2,150,000

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Recently Listed

52366 M-51

Dowagiac, MI, 49047

^$ 2,150,000

Bedrooms-- Baths-- Sq 63,148

Monthly Estimate*

^$ 14,850

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Commercial Property for sale in Dowagiac, MI

for $2,150,000. 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.

Commercial Active

Price

^$ 2,150,000

Property Type

Commercial

Taxes

^$ 32,088

Style

Commercial/Industrial

Lot Size

7.35

Year Built

1955

Town/City

Dowagiac

County/Region

Cass

MLS | Web ID

70566859

Features

General

Heating Baseboard Radiant Space Heater

Roof Metal

Status Active Active

Year Built 1955

Parking 21+ Spaces

County Cass

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Silver Creek Twp

Zoning Industrial

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Silver Creek Twp (14013)

Primary City Dowagiac

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

City Dowagiac

Financial Terms Cash Conventional

Legal Description See Attached Document.

DOM 1

Postal Code 49047

Price Per Sq Ft Total AG 34.05

Public Remarks

Exterior

Exterior Frame Metal Wood

Frontage 542

Lot Size Area 7.35

Lot Dimensions Irregular

Roads City/County Paved Street

Waterfront Y/N No

Interior

Ceiling Height 16-20 Feet

Fuel Type LP/Propane Gas

* Excluded Features

List By

Pat O'Brien

Listing Agent

O'brien Real Estate

Broker

pat@obriensoldmine.com

Affordability Calculator

$17,524

Per Month

Monthly Principal & Interest: $14,850
Monthly Property Taxes: $2,674
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Dowagiac, MI

Average List Price ^$465,590

Percent of Sale Price 78%

About Dowagiac, MI

5,957 Population

-4% Since 2002

^$30,271 Median Income

35.39 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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 was built in 1955. The property's zip code is 49047 which is in Dowagiac, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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52366 M-51

Commercial Property for sale in Dowagiac, MI

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