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    Property profile

    28102 M-152 Dowagiac, MI 49047

    FOR SALE
    Other commercial real estate
    Property ID
    US43-2676380
    1.38 ac lot
    Individually Owned Free & Clear
    Saved · see the list in your Dashboard
    28102 M-152, Dowagiac, MI 49047 For Sale 1 / 25
    $125,000
    28102 M-152, Dowagiac, MI 49047
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    Property summary

    AI-generated overview

    The property in Dowagiac, Michigan (Cass County) includes approximately 2 acres of commercial land and a 2,064-square-foot restaurant building historically used as Lutz's Drive-In. The site is located just west of the high-traffic intersection of M-51 and M-152 and contains 16 covered drive-in spaces that support drive-in service and outdoor events. The building has an indoor dining room that has renovations including new flooring, tables, and booths, and the property also includes outdoor dining areas. The listing indicates the sale included on-site restaurant equipment such as freezers, coolers, pizza ovens, tables, chairs, and tableware, and there is an additional vacant parcel on-site that may support future development. The overall configuration and existing improvements support restaurant use and related food service operations.

    Property profile

    Verified
    Property type Other commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.38 ac (60,113 SF)
    APN 14-130-001-014-00
    UPID US43-2676380

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Location

    28102 M-152 Dowagiac, MI 49047
    Dowagiac metro Census 1902 SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
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    Value estimations

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    $265k

    Owner & transaction history

    since 2025
    7 recorded transactions
    2025
    Price N/A
    2024
    Price N/A
    2024
    Price N/A
    2022
    Price N/A
    2019
    Price N/A
    2018
    Price N/A
    2018
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

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      202 Commercial St
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      93283 County Rd 690
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      0.43 Acres
      313 Division St
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    • Value Estimation by Request
      0.23 Acres
      Ellen Rd
      COMMERCIAL (GENERAL)
      Ellen Rd, Dowagiac, MI 49047
      View Details

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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