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55905 92Nd Ave Dowagiac, MI 49047

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For Sale
$2,650,000

Industrial property with lease through 2039 and scheduled rent.

Lot size:
7.30 Acres

Property Features for 55905 92Nd Ave

General Information

Property type
Commercial
Standard status
Active
Lot size
7.30 Acres

Building Details

Year built
1955

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Listing Contact
Pat O'Brien
Pat O'Brien
Source: Elliman

Listing Agency: O'Brien Real Estate Listing Agent: Pat O'Brien

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

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Overview

Industrial Property with Long-Term Lease

This industrial property features a long-term lease through 2039, with over $2.4 million in scheduled rent. The business operating on the property has been established since the 1930s and is operating with a sale-leaseback agreement. The gross potential rent is over $172,000, with annual increases of 2%. An additional 5-year option is available. The property encompasses a total of 63,000 square feet and sits on 7.1 acres. This triple net opportunity features an established long-term business.
Location Intelligence

Current Use by Public Records

Securit Metal Products Industrial Manufacturer

Suggested Use

Wine and Liquor Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Dowagiac
County
Cass
State
Michigan
Longitude
-86.088124
Latitude
42.085005

FAQs

What type of property is this?
Industrial property - Industrial property with lease through 2039 and scheduled rent.
Where is this industrial property located?
The property is located at 55905 92Nd Ave Dowagiac, MI.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: - Lease in place through 2039, providing long-term income.; - Over $2.4 Million in scheduled rent.; - Triple Net (NNN) lease structure.
More about this property
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