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    55905 92Nd Ave Dowagiac, MI 49047

    Sponsored
    For Sale
    $1,888,000

    8% Cap Rate, 63,148 SF NNN Lease

    Property size:
    63,148 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 63,148-square-foot industrial property located at 55905 92nd Ave, Dowagiac, MI 49047. The property consists of two, single-story buildings on a 7.3-acre lot, built in 1955 and zoned for industrial use. Currently operating under a triple-net (NNN) lease with a single tenant, the lease has a remaining term of 7.1 years, expiring January 1, 2032, with options for an additional 10 years. The property boasts a strong 8.00% cap rate and a gross potential rent exceeding $175,000 annually, with built-in 2% annual rent increases. The sale includes parcels 80-10-032-004-00, 80-10-032-004-60, 80-10-032-004-92, and 80-10-032-004-95, acquired on December 17, 2007, and also includes 52366 M-51 N. The property is comprised of three units and features a total net rentable area of 63,148 square feet. The seller will cooperate with 1031 tax-deferred exchanges. This is a rare opportunity to acquire a well-located, income-producing industrial asset with significant long-term potential in Van Buren County, Michigan. The occupancy date for the current lease is January 10, 2024.

    Property Features for 55905 92Nd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    63,148 SF
    Lot Size
    317,988 SF

    Building Details

    Year Built
    1955
    Buildings
    2
    Stories
    1
    Units
    3

    HighLights

    • Triple‑net (NNN) leased industrial property offering a strong investment opportunity.
    • Gross potential rent exceeding $175,000 annually, with 2% annual increases.
    • 8%+ cap rate.
    • 7.1‑year remaining lease term with 10‑year options.
    • 63,148 square feet on 7.3 acres in Dowagiac, MI.
    • Seller will participate in 1031 exchanges.
    Property Profile Location Intelligence

    Current Use by Public Records

    Securit Metal Products Manufacturer

    Suggested Use

    Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dowagiac
    County
    Van Buren
    State
    Michigan
    Longitude
    -86.0882983
    Latitude
    42.0844428

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    FAQs

    What type of property is this?
    Distribution property - 8% Cap Rate, 63,148 SF NNN Lease
    Where is this distribution property located?
    The property is located at 55905 92Nd Ave Dowagiac, MI.
    What is the asking price?
    The asking price for this property is $1,888,000.
    What are key features of this property?
    This property features: Triple-net (NNN) leased industrial property offering a strong investment opportunity.; Gross potential rent exceeding $175,000 annually, with 2% annual increases.; 8%+ cap rate.
    Request Owner's contact information
    55905 92Nd Ave 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
    55905 92Nd Ave Dowagiac, MI 49047
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