55905 92Nd Ave Dowagiac, MI 49047
Property profile & analytics
55905 92Nd Ave, Dowagiac, MI 49047
- Manufacturing properties
- 58,248 SF
- 6.30 lot acres
Property ID
US43-2267581
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Securit Metal Products / Industrial Manufacturer / Production Facility
Property Details for 55905 92Nd Ave
- Lot size
- 6.30 lot acres
- Zone code
- I-1
- Property type
- Manufacturing properties
- APN
- 80-10-032-004-01
- APU
- 801003200401
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Dowagiac
- County
- Van Buren
- State
- Michigan
- Longitude
- -86.0881
- Latitude
- 42.0844
- CBSA code
- 28020
- CBSA name
- KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$24,948
$0.00
$0.00
$630,600
-
$0.00
$0.00
$1,261,200
