Share this with your friends
(989) 385-1311
Bay Realty Michigan
52366 M-51, Dowagiac, MI 49047
- $2,150,000
- 63,148
- SqFt
- List Price
- $2,150,000
- Status
- ACTIVE
- MLS#
- 70566859
- Days on Market
- 16
- Year Built
- 1955
- Acres
- 7.35
- Living Area
- 63,148
- Municipality
- Silver Creek Twp
- Region
- Silver Creek Twp
- Township
- Silver Creek Twp
Property 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.
/u.realgeeks.media/bayrealtymi/a0319f0b7b28-574847435_1478085547037804_7551286943272733804_n__2_.jpg)
Additional Information
- Heating
- Baseboard, Radiant, Space Heater
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing Courtesy of O'Brien Real Estate, Office Phone: 269-381-6470
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.