NNN Industrial
For Sale
$2,150,000
52366 M 51 N, Dowagiac, MI 49047
A sale-leaseback arrangement provides continued occupancy under a long-term NNN lease.
Property Size63,148 SF
Lot Size7.35 Acres
Price / SF$34.05
Days on Market9
Property Features for 52366 M 51 N
General Information
Standard status
Active
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
Annual Taxes
$32,088
Building Details
Tenancy
Single
Listing Agency:
O'Brien Real Estate
Listed By:
Pat O'Brien · License #6502102326
(269) 381-6470
Source:
Exprealty
Added: Oct 28
Changed: Nov 3
Last Checked: Nov 4 at 6:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of O'Brien Real Estate
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Investment Insights
Based on property information with market context.
The offering comprises an industrial property under a sale-leaseback arrangement, with the business continuing as tenant. The NNN lease runs through 2039 and includes annual 2% rent increases, plus an additional five-year option. The tenant’s business has operated since the 1930s.
The two parcels, located at 55905 92nd Ave and 52366 M-51 Hwy in Dowagiac, Michigan, are being sold together. They total 7.35 acres: a 6.37-acre industrial site and a separate 0.98-acre parcel.
The two parcels, located at 55905 92nd Ave and 52366 M-51 Hwy in Dowagiac, Michigan, are being sold together. They total 7.35 acres: a 6.37-acre industrial site and a separate 0.98-acre parcel.
Key Highlights
- Sale‑leaseback with an NNN lease extending through 2039
- Annual 2% rent increases and an additional five‑year lease option
- Two parcels totaling 7.35 acres: a 6.37‑acre industrial site and a separate 0.98‑acre parcel
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
12
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?
Industrial property - A sale-leaseback arrangement provides continued occupancy under a long-term NNN lease.
Where is this industrial property located?
The property is located at 52366 M 51 N 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: Sale‑leaseback with an NNN lease extending through 2039; Annual 2% rent increases and an additional five‑year lease option; Two parcels totaling 7.35 acres: a 6.37‑acre industrial site and a separate 0.98‑acre parcel
