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    50463 M-152 Dowagiac, MI 49047

    For Sale
    $240,000

    Commercial property with residential lot and lake access for sale.

    Lot size:
    0.52 Acres

    Property Features for 50463 M-152

    General Information

    Lot size
    0.52 Acres

    Building Details

    Year built
    1965

    Source: Cressy & Everett Real Estate Agent Judith A Murray

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Opportunity Near Lake

    This commercial property, currently operating as an ice cream and hot dog shop, presents a versatile opportunity for entrepreneurs and investors in a thriving summer destination. The flexible layout and prominent location offer possibilities for various ventures, such as a cafe, kayak rental hub, or retail space. The sale includes an additional residential lot, suitable for future expansion or investment, and deeded lake egress rights to Magician Lake. Benefiting from steady seasonal traffic and visibility, this property is located a 5-minute walk to Magician Lake deeded access. The property includes two buildings.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Dowagiac
    County
    Cass
    State
    Michigan
    Longitude
    -86.1232
    Latitude
    42.0007

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    FAQs

    What type of property is this?
    Storefront property - Commercial property with residential lot and lake access for sale.
    Where is this storefront property located?
    The property is located at 50463 M-152 Dowagiac, MI.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Thriving commercial opportunity in a popular summer destination.; - Includes an additional residential lot for expansion or investment.; - Deeded lake egress rights to Magician Lake.
    (630) 280-0077
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    50463 M-152 Dowagiac, MI 49047
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50463 M-152 Dowagiac, MI 49047
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