$ 2,150,000
-
$2,150,000
Price -
7.35
Acre
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About the Listing 662731708222 - 66143355920175
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.
Listing Highlights for 52366 M-51
Interior Details
- Appliances:
- Air Cond:
- Heating: Baseboard,Radiant,Space Heater,Propane
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 63148
- Basement:
- Other: Baseboard,Radiant,Space Heater
- Water: Well (Existing)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: Irregular
- Zoning: Other
- Roof: Metal
- Others: Frame,Metal Siding,Wood,Paved
- Sewer: Septic Tank (Existing)
Financial Details
- Tax Amount: $32,088
- Taxes w/Assessments: N/A
- Tax/Property ID: 801003200401
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
52366 M-51 Silver Creek Twp, MI 49047
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