NNN Industrial
New
For Sale
$2,150,000
52366 M-51, Dowagiac, MI 49047
Commercial Sale, Dowagiac, MI
Property Size63,148 SF
Lot Size7.35 Acres
Price / SF$34.05
Days on Market1
Property Features for 52366 M-51
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
28
Elementary school district
Dowagiac
Middle school district
Dowagiac
High school district
Dowagiac
Directions
55905 92nd Ave directions: M-51 Highway to 92nd Avenue. Property is located at the intersection of 56th Street and 92nd Avenue. 52366 M-51 Hwy directions: From downtown Dowagiac, head north on M-51 to the property.
Standard status
Active
APN
80-10-032-004-01
Size
63,148 SF
Lot size
7.35 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Industrial
Taxes and HOA fees
Tax Year
2026
Tax Description
See Attached Document.
Tax Annual Amount
32088
Legal Description
See Attached Document.
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Radiant, Space Heater, Baseboard
Water source
Well
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
O'Brien Real Estate
Listed By:
Pat O'Brien
(269) 381-6470
Added: Oct 28
Last Checked: Oct 28 at 3:06PM
MLS# 26057214
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The offering comprises 63,148 square feet of industrial space across 7.35 combined acres. The sale includes two parcels: a 6.37-acre industrial site and a separate 0.98-acre parcel. The 1955-built property has metal siding and a metal roof, with radiant, space-heater, and baseboard heating. Water is supplied by a well, wastewater is handled by a septic tank, and propane is available.
The property is leased through 2039 under a sale-leaseback arrangement, with annual rent increases of 2% and an additional five-year lease option. The business operating at the property has been established since the 1930s.
The property is leased through 2039 under a sale-leaseback arrangement, with annual rent increases of 2% and an additional five-year lease option. The business operating at the property has been established since the 1930s.
Key Highlights
- 63,148 square feet of industrial space across 7.35 combined acres
- Sale includes a 6.37‑acre industrial site and a separate 0.98‑acre parcel
- Sale‑leaseback lease runs through 2039, with a five‑year extension option
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 49047, MI
14,541
Population
8,205
Households
1.8
Avg Household Size
41
Median Age
21%
College-Educated
89%
High-School Grad
119.3 sq mi
ZIP Area
122
Density / Sq Mi
$55,469
Median Household Income
$38,033
Median Earnings
$750
Median Rent
$182,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - A sale-leaseback structure provides contracted tenancy through 2039, with annual rent increases and an additional lease option.
Where is this nnn property located?
The property is located at 52366 M-51 Dowagiac, MI.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 63,148 square feet of industrial space across 7.35 combined acres; Sale includes a 6.37‑acre industrial site and a separate 0.98‑acre parcel; Sale‑leaseback lease runs through 2039, with a five‑year extension option
