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Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 2,650,000

Est. payment -/mo

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55905 92nd Avenue Dowagiac, MI 49047

3 Baths

63,148 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 63,148 sqft

Price per Sqft $41

Municipality Hamilton Twp

MLS Listing ID 25053371

Full Baths 3

Year Built 1955

Annual Tax Amount $27,413

Tax Year 2023

Lot Size 7.300 Acres

Acres 7.3

Lot Dimensions Irregular

Property Sub-Type Industrial

Source Michigan Regional Information Center (MichRIC)

Property Description

Incredible Triple Net Industrial Property with Lease through 2039 and over 2.4 Million in scheduled rent! Long term business since 1930's operating with sale leaseback Leased thru thru 2039. Gross Potential rent of over 172K with annual 2 % increases. Owner will cooperate with tax deferred exchanges! Additional 5 year option option available.
63,000 s.f .total with a total of 7.1 acres. Rare triple net opportunity with established long term business.

Location

State MI

County Van Buren

Area Greater Kalamazoo - K

Direction M-51 Highway to 92nd st. property is at 56th St & 92nd St

Interior

Heating Forced Air

Inclusions Real Estate

Exterior

Utilities Available Phone Available, Phone Connected, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Metal

Street Surface Paved

Building

Building Description Metal Siding, Multi User Facility

Sewer Septic Tank

Water Well

Structure Type Metal Siding

New Construction No

Schools

School District Decatur

Others

Tax ID 80-10-032-004-01

Acceptable Financing Conventional, Tax Def Exchange, Cash

Listing Terms Conventional, Tax Def Exchange, Cash

Listed by O'Brien Real Estate