12
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$2,150,000
Est. payment /mo
1 Bath
63,148 SqFt
New
52366 M-51 Silver Creek, MI 49047
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Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 63,148 sqft
Price per Sqft $34
MLS Listing ID 66026057214
Year Built 1955
Lot Size 7.350 Acres
Acres 7.35
Property Sub-Type BusinessandRealEstate
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.PLEASE NOTE: This sale includes 55905 92nd Ave AND 52366 M-51 Hwy, Dowagiac MI 49047.
Location
State MI
County Cass
Area Area14011Silvercreektwp
Interior
Heating Baseboard, Propane, Radiant, Space Heater
Fireplace No
Exterior
Parking Features Concrete, Paved
Utilities Available ElectricityConnected, PhoneAvailable, Propane
View Y/N No
Roof Type Metal
Building
Sewer Septic Tank
Water Well
New Construction No
Schools
School District Dowagiac Union
Others
Acceptable Financing Cash, Conventional, Lease, Trade1031Exchange
Listing Terms Cash, Conventional, Lease, Trade1031Exchange
Special Listing Condition Standard
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Listed by Pat O'Brien of O'Brien Real Estate
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